Income Planning Strategies
What Are Your Income Planning Strategies?
When it comes to income planning strategies - and, in particular, when it comes to retirement income planning strategies - everyone has their own sense about what it will take to go from where they are to where they want to be:
Some people will say that their income planning strategies involve taking on a second job and saving all of that income;
Some people will tell you that their strategy is to save as much as possible, even if it means not going out for dinner, clipping coupons and scrimping as much as possible;
Some people will tell you that their strategy for securing their retirement income is to think about it later because right now they have too much other "stuff" on their plates.
Fortunately, no matter where your income planning strategies fall within that spectrum - whether you are saving and investing as much as possible or you're worried that you're not doing enough because of financial obligations and other distractions - it is possible to save for your retirement and to achieve your goals. Whether you want to be sure that you've saved so that you're able to move into an active adult community, to travel, or to have the confidence that not only will your basic needs be met but also you will have extra money set aside if you need it; you can make it happen.
In order to know that you're using the right income planning strategies, you need to be able to evaluate what you are doing. You'll need to look at the way that savings accounts will be affected by interest rates and by inflation. You'll need to have a tool that will allow you to look at individual stocks and shares of mutual funds to see how they have performed historically and how they are projected to perform over time. More importantly, you will want to be sure that the tool that you are using to evaluate your strategy will also allow you to get a feel for the ways in which small changes can make a big difference.
One tool that will allow you to do all of those things and more with your income planning strategies is the retirement calculator that you can download on this page. With it, you will be able to look at what you've done, what you are doing and what you are planning to accomplish with your savings accounts and investments. More importantly, when you download our retirement calculator, your contact information will also be given to a financial advisor in your area.
The financial advisor will be able to discuss the income planning strategies that you have been using and the goals that you have for your retirement. He or she will be able to answer questions that you have about saving for the future and about different savings and investment options that are available to you. Together, you will be able to put together a plan that will ensure that you are able to reach your financial goals.
Whether you have a number of income planning strategies that you've put into place or you are just getting started, you'll find that when you have the right information and the right teammate you'll get to where you want to be.