#1 Planning -10 Things You Need To Know To Plan Your Retirement Income
#1 Of 10 Things You Need To Know To Plan Your Retirement Income
Plan for a long retirement: A man turning 65 today can expect to live until age 84.3. A women turning 65 can expect to live until age 86.6¹. One out of every four 65- year-olds will live past 90 and one out of 10 will live past 95. WOW- planning income for up to 30 years can be quite a sum of money. If you are interested in calculating your exact life expectancy click here.
Have a backup plan: Social security was never meant to be the only thing that you live on. It’s important to start planning ahead and saving your money when you can so you are not only relying on your social security check.
Check in frequently: Retirement is a big transition that you will go through and your needs may change pretty frequently. You need to make sure to pay close attention by doing regular reviews and regular discussions.
Sustainable income that is guaranteed for the rest of your life, however long that may be, is more important to focus on than growth or balance of your money. This is just one step in planning your retirement, make sure to contact our office for help for your personal situation.
Interested in Learning More About Financial Planning?
At The Resource Center, we’re dedicated to helping individuals and families with their financial needs. Our purpose is to provide the tools you need to help enhance your financial wellbeing and help secure your future. With our financial planning services, our team will help develop a plan that diversifies your assets, is consistent with your level of risk tolerance and allows you to maintain your current lifestyle.
Catch Bruce Porter’s show Dollars & $ense Tuesdays at 3pm on KOLR’s Ozarks Live
1- https://www.ssa.gov/planners/lifeexpectancy.html Accessed 2/23/18
We are an independent firm helping individuals create retirement strategies using a variety of insurance and investment products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic financial planning strategies and should not be construed as financial advice. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.
We are not permitted to offer, and no statement contained herein shall constitute, tax or legal advice. Individuals are encouraged to consult with a qualified professional before making any decisions about their personal situation. Our firm is not affiliated with the U. S. government or any governmental agency. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and The Resource Center are not affiliated companies. AW02181744