Do You Have the Income to Retire?
Income: when you retire, income isn't going to be about that paycheck that you receive from an employer on a weekly or biweekly basis. Income once you retire is more a matter of the decisions that you are making now while you are working - decisions about which savings accounts will carry the best interest rates, allowing your savings to grow, as well as decisions about which stocks and mutual funds you should be investing in if you want to be sure that you are getting the biggest returns with the least amount of risk.
Of course, making the right decisions now can be challenging. Determining the income available when you retire will be something that takes more effort for some than others. If you have been saving and investing for a number of years, you will be able to know that you will have some income when you retire, but will it be enough? If you have not been saving, - whether you are approaching retirement or you are younger and just starting on your career - there is even more information that you will need to consider to determine how to accumulate the retirement income you need to reach your goals.
So what are you going to do that will allow you to be certain that you have income when you retire? Do you know what it is going to take to understand changing interest rates and how they will affect your retirement income ? Will you be able to determine how your income will stand up to inflation over time? For that matter, do you know which stocks and investments you should focus on and which shares will boost the income that you have when you retire?
One thing that you can do to investigate whether or not you have or will have the income to retire is to download the retirement calculator from this page. With it, you will be able to look at your savings and investments. You will be able to see how stocks and bonds have performed in the past, how they are performing and how those individual shares are projected to perform in the future. You will be able to compare savings accounts, interest rates and see how inflation will affect the income that is available to you when you retire.
You will also be able to take advantage of using the retirement calculator to look at the changes that you've thought about making to your savings and investments strategy. You will have the chance to get a feel for which changes will benefit you and which you should avoid making. And, if you have any questions, you will be able to talk them over with a financial advisor in your area - a financial advisor who will receive your contact information when you download the retirement calculator.
Together with the financial advisor, you will be able to look at the income you will have available when you retire. You'll be able to look at where you are at and at where you want to be and then to figure out the best way of getting there. In other words, you can be sure that when you retire, the income you need will be available: all it takes is the right knowledge and information and making the decisions that are right for you.