When Someone Asks About Your Retirement Plan, How Do You Answer? Plan. Save. Win!
Finish this question and answer sentence: Retirement plan? My plan is . . .
What is your retirement plan? Do you intend to move into an active adult community so that you can form relationships and continue doing the things that you enjoy with others who share your interests? Does your plan include travel after you retire?
Or maybe your answer was more along the lines of this: My plan is to spend the time after I retire with my family. Maybe your answer involved being financially secure.
Regardless of how you finish the statement, one thing remains true. In order to achieve the goals that you have set for your retirement, you need to save and invest so that you will have the retirement income that you need to live out your plan.
You know that you need to plan for you retirement. You know that if you are able to save and invest well now, you will be more likely to have the income that you need to have the life you have hoped to have after you retire. And, you know that when you retire, there are going to be things you want to do that you may not have planned for.
Therefore, you know that in order to reach your retirement goals you need to develop a financial plan that will get you there. But how can you be sure that you reach your goals? You can get to know more about retirement planning - more about the savings and investment accounts that are available to you. You can take the time to understand the way that retirement savings and investment accounts have performed over time and how those same accounts are expected to perform - both individually and in combination with one another - in the future. And, of course, you could make the choice to turn to a professional for advice.
The problem is that doing all that research can take a lot of time. The problem is that talking with a professional can be expensive, and even when you do work with a trusted financial planner, you might not get the advice that will really help you to decide which strategy is the best one for allowing you to live out your retirement plan.
So where does that leave you? How do you look into your savings accounts to know whether or not you are saving in the best way possible? How do you look into the stocks, bonds and mutual funds that you have invested in to determine whether or not you are doing all that you can to invest in your retirement plan? One thing that you can do is to click the red button at the bottom of this page to access Bob's free retirement calculator.
With it, you'll be able to look into the way that different savings and investments have performed over time. You'll be able to look at projections for how the savings and investment accounts that you currently have - as well as the investment accounts that you have been considering - are projected to perform over time.
You'll be able to see the ways that different savings and investments will be affected by changing interest rates. You'll be able to see the way that your savings and investments will be affected by inflation. And even more importantly, you will be able to see the ways in which changes that you can control - withdrawals from your retirement savings or changes to your investment strategy - might affect the income you have available for your retirement plan.
In addition, you'll be able to talk over your savings and investments as well as the rest of your retirement plan during a free consultation with a trusted financial advisor. You'll be able to ask the questions you have and get the answers you need. You'll be able to get the advice that you need to develop a strong financial strategy, to turn that strategy into a plan and to put that plan into action.
Regardless of how you finished the statement about your retirement plan, you took the first step towards reaching your retirement goals: you named them. Now it is time for your chance to take the next step. Click the blue button to access Bob's free retirement calculator and to get your free consultation with a trusted retirement advisor. Take control of your financial future - one step at a time.