Did you know that 51% of couples worry about outliving there retirement? This means that almost 1/3rd of the country will be left behind in the race to retirement as they will have no money to spend when they retire and have a high risk of being a financial melt down. At Retire On Track, we care for you and want you to live a comfortable life, post retirement. Our TRUSTED financial experts have come up with some important pointers they will assist you with that will help you to take the first position in the race to retirement. Start Your Engines Now
You need to know what your individual or family goals are and then you should start saving accordingly. When you will retire, you will learn that saving is actually a very rewarding habit. The sooner you start saving money, the more chances you have to make it grow. If you are struggling with making a retirement plan for yourself, or don’t know how much you should be setting aside every month, get in touch with our TRUSTED financial advisors today.
According to our experts, you will need the same amount that you are spending today after your retirement after adjusting the inflation and taking into account your future needs. It is important that you start planning ahead after assessing your goals and needs.
Our Financial experts will help you in learning if your employer is offering you the best available 401(k) plan. If they are, they will make sure that you sign up for it and make annual contributions. With time the tax deferrals and the compound interest will help you in obtaining a large amount. In addition to this, they will make you check if your company offers a pension plan and whether you are covered by it, as these little things can make a big difference in the long run.
If your employer doesn’t offer a retirement plan, you can make your own and start contributing towards it. You can start with less and then work your way up as you start reaching the age of retirement. Don’t worry about maintaining this account as our financial experts will take care of all the details on your behalf.
Want to learn what you need to do in order to retire comfortably? Contact a TRUSTED Financial Advisor at Retire on Track below.