Retirement is a very important event in one’s life, not only from a personal point of view but also from a financial point of view. Everyone wants to know:
- When can I retire?
- Can I sustain my current lifestyle during retirement?
- How much capital do I require at retirement in order for me to receive the income I need?
- Can that income sustain my lifestyle until death?
This is where a retirement plan, as part of your proper financial planning, comes in. Retirement planning will determine whether or not you are setting aside enough money to take care of yourself financially in the latter part of your life. It also guides you as to what you need to do should you not be setting aside enough money.
The reality is that a large number of people actually retire and receive less income than they would have liked to. This could lead to a very stressful life. At a stage of life when high blood pressure and other stress related illnesses become a norm! It is important to start planning for retirement before you retire. It is NEVER too early (or too late) to start planning for this aspect of your financial planning.
“The goal of retirement is to live off your assets – not on them” – Frank Eberhart (President at Eberhart Financial Services Group, Inc).
Do not delay further, speak with your Financial Advisor today. A retirement plan will enhance your financial situation and provide peace of mind.
Are you interested in a retirement plan? Get in touch!
