Retire On Track LLC.
Most of us can expect to spend the same amount of time in retirement as we did when we worked. But, unfortunately, most of us are not properly prepared for this. Only five-percent of all Americans are financially independent at age 65 - this according to a study conducted by the U.S. Department of Commerce. In addition, the government's study also showed that a shocking 75 percent of all retirees are forced to depend on Social Security, family and friends as their only sources of income. According to the Social Security Agency, Americans can expect to receive only 40 percent of their pre-retirement income from Social Security. This assumes that Social Security is secure. Most financial planners suggest that retirees will need at least 75 percent of their pre-retirement pay, to ensure a comfortable retirement. The remaining 35 percent (75 percent, if Social Security fails), not provided by the U.S. government, will have to be provided by individuals using their pension funds, savings or investments. Therefore, it is imperative that every worker learn about finance and investing to ensure a comfortable retirement.
This learning process can even be enjoyable. When beginning your learning adventure, there are some quotes you may want to keep in mind. In Philip Crosby's book Reflections on Quality, he said " Making a wrong decision is understandable. Refusing to search continually for learning is not." From Ed Parker - "The intelligent man is one who has successfully fulfilled many accomplishments, and is yet willing to learn more." Finally, from Albert Einstein - "Never regard study as a duty, but as the enviable opportunity to learn to know the liberating influence of beauty in the realm of the spirit for your own personal joy and to the profit of the community to which your later work belongs."
Perhaps the best first step you can take on your financial education adventure is to subscribe to the FREE Financial Tips & Hints newsletter. The newsletter provides investment education in easy to understand terms, to help you, the individual investor. The articles are to-the-point and full of valuable information. The service is FREE and each month we write on savings and investment return. Providing retirement education is our passion.
Through the FREE Financial Tips & Hints newsletter, you will become informed and empowered to take over control of your investments. Topics covered by the Financial Tips & Hints newsletter include:
In addition, Financial Tips & Hints newsletter subscribers are encouraged to submit questions or topics you would like to see covered in the newsletter.
We at Retire On Track LLC. want nothing more for you, than for you to be on the positive side of the government's statistics. We deliver high quality education each month to help with your retirement learning; the rest is up to you.