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Several studies have shown that many
retirees wish they had planned for retirement
differently.These lessons can offer insight to help
you have the retirement of your dreams.
Save more. The 10% savings
objective that was the standard years ago may no longer be
appropriate. Now, a savings goal of 20% of gross income is a
good target.
Plan for more expenses. Many
retirees say they spend as much as, or more than, when they
were working. As a general guideline, plan on replacing 80% to
100% of your income.
Pay more attention to planning.
You need a strategy for how you will manage your investments
during your retirement. You must plan from which accounts you
will draw your income and how much you can afford to take out
annually.
Invest aggressively when you’re
young. While you cannot afford to take big risks in
your 50s and 60s, you can in earlier years. The time to invest
for maximum growth is when there are decades before your
retirement.
Call us at 1-800-926-0003 today to
discuss your retirement. We can make sure that you are on the
road to the retirement of your dreams.
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