Learn how simple retirement planning is today!
Most may think that retirement is a long way off. Developing a strong retirement plan can be important in working towards a financially independent future. By developing a retirement plan, or finishing one, you are preparing for the day that you finally leave the workforce. Whether you are busy starting a career or finishing one, there are steps to take that will better prepare you for the retirement you always envisioned.
Retirement planning includes determining how much money you want to have in retirement, the age you plan to retire, and the actions required to achieve those goals. Planning strategies include savings plans and investments. IRAs and 401(k) retirement accounts are popular investment vehicles because they come with many tax advantages. A smart retirement plan will not only consider your assets and income sources but future liabilities and expenses.
The team of dedicated professionals at Eastgate Financial Group are here to guide you through the retirement planning process from timeline and goals to mitigating risk. A strong retirement plan considers the following:
Where will your retirement money come from? If you’re like most people, qualified-retirement plans, Social Security, and personal savings, and investments are expected to play a role. Once you have estimated the amount of money you may need for retirement, a sound approach involves taking a close look at your potential retirement-income sources.
Important retirement decisions include the following:
A Retirement Income Certified Professional, RICP®, is a financial professional that specializes in retirement income plans. Our advisor, Scott Stevens, has earned the RICP® designation and advises retirees or pre-retirees on appropriate strategies that focus on accumulating assets to work towards their retirement dreams. RICP® conferred by The American College of Financial Services.
The team at Eastgate Financial Group can help you start planning for the future. Contact us today to learn more about your options.