Retirement Income Generation: What Does it Take?
Retirement income generation is something that everyone needs to focus on - at least to some extent. This is something that we do by saving, whether we choose to put out money into traditional savings accounts, individual retirement accounts or even certificates of deposit. Retirement income generation is something that we do by watching the stock market and choosing investment accounts, stocks and mutual funds that we can put our faith in, believing that they will increase in value over time.
Simply making the time to focus on retirement income generation is, unfortunately, difficult for some of us to make time for. In part, this is because retirement income generation is something that we would like to think takes a great deal of effort, but then, that's probably a myth designed to make us feel better about not understanding retirement income generation as well as we could.
Not everyone understands that there are a number of different savings accounts that can help them to generate the retirement income that they want or will need to have available. Not everyone has a solid grasp of what they are going to need to know in order to minimize the risk they will face when they start investing. When we start hearing about the differences between a 401k, an individual retirement account, a money market, a mutual fund and a 403b, some of us shut down a bit - and that's going to keep us from developing a full sense of what retirement income generation is going to take.
Fortunately, there are easy to use tools that are available that will help up to develop an understanding of our own retirement income generation. The retirement calculator that is available at the bottom of this page is a great tool for learning more about the savings that you have as well as the ways in which moving your money into a different type of accounts might be better for helping you to reach your goals. Likewise, it's a great tool for looking at the investments that you have as well as those investments that you might make to see whether or not they will help you reach your retirement income goals.
Not only will you be able to use the retirement calculator to learn more about your current savings and investment accounts, but also when you download it your contact information will be forwarded to a financial advisor in your area who can help to answer your questions and help you to develop a strategy when he or she calls to follow up. During that call, you will be able to talk about your current situation, to learn more about what you do not know well, and you will be able to figure out what retirement income generation is going to take for you.
What you'll find is that all of the excuses that you've had for not planning ahead are just that: excuses. With Bob's free retirement calculator, figuring everything out is simple; all you need to do is to get started.