Will you enjoy retirement? Will your money last? It’s never too early or too late to start planning for your retirement. Many individuals wait to plan simply because they don’t know where to start. However, the sooner you start, the greater your chances of reaching your retirement goals.
Retirement is likely the biggest financial transition of your life and hopefully will offer you the opportunity to do more of what you love to do and to live well. Once you have made the commitment to save and invest, the question is, how much money and how much retirement income will you really need?
Hopefully you have joined the retirement plan at your workplace and contributed to that plan consistently. If not, you can start doing so now. If your employer matches employee contributions, contribute enough to receive that match and think about contributing a slightly higher percentage of your income each year.
If you aren’t benefitting from a retirement plan through work, start your own individual retirement account (IRA). It is easier than you may think.
There are a number of factors that can have a big impact on your retirement lifestyle. Too often they go unconsidered: health and the cost of healthcare, heredity/life span, spending habits, Social Security or pension income (or lack thereof), and portfolio allocation to name a few. That's why it's important to periodically review your retirement needs, goals, and investment strategy as your time horizon changes.
Fit Financial offers a broad spectrum of products to help you plan, including:
Presently, John O'Reilly, Jr. is:
*Securities and advisory services are offered through Signal Securities, Inc., 700 Throckmorton St., Ft. Worth, TX 76102 Member FINRA, SIPC, Registered Investment Advisor; Signal Securities, Inc. is registered to conduct securities business in all states except the following: DE, VT, RI and NH. None of the material contained herein is an offer to purchase or sell any security, insurance or investment advisory service and is for informational purposes only.
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