It is reported that 22% of Americans had only about $5,000 or less set aside for retirement*. This is far less than the million-dollar-mark many advisors recommend shooting for in pre-retirement. What about you? Are you on track with your retirement income plan or do you feel as if you’re living paycheck to paycheck? Our financial advisors can work with you to devise a plan for your financial future without costing you too many sacrifices in the present.
There is no one retirement income plan that works well for everyone. Because of this, our advisors first need to assess your current financial situation and talk to you about your future goals and retirement lifestyle plans.
These are some retirement planning steps the financial advisor you work with might recommend:
The more you progress in your career, the more financially secure you feel. However, the older you get, the more fragile your pre-retirement income becomes. This makes it necessary to create a plan as soon as possible and stick to it, so you can spread that burden out over time. Contact Financial Partners Group today to find out more about what we can do for you.
*Northwestern Mutual, "Planning and Progress Study 2019"; https://news.northwesternmutual.com/planning-and-progress-2019