Tips To Calculate Retirement Savings
Customize a strategy that fits both your budget and needs to ensure your ability to calculate a retirement income that works for you.
Preparing for retirement is vital. However, few Americans take the steps needed to ensure their financial security in retirement.
According to the Department of Labor, fewer than half of Americans have calculated how much they need to save for retirement.
Start Saving NOW
Create financial goals, and stick to your goals. Start small if you have to, and try to increase the amount of money you save each month. The sooner you begin saving, the more time your money has to grow.
Financial charts show the sooner you start saving, the more money you will accumulate over a lifetime.
Know Your Retirement Needs
Determine your own personal needs and desires as you begin creating a retirement account.
Deciding what kind of legacy you want to leave aids in the decisions that the team at Advantage Retirement Services help you make.
Retirement Income Calculator
When facing retirement, retirement income calculators allow you to gain an understanding of your personal needs.
Websites such as Bloomberg allow you to calculate your retirement income needs.
Seek the assistance of a competent financial advisor based on your risk tolerance. It is vital to the success of planning for retirement.
To begin your own planning today, contact Mike Gann, Financial Planner, CSA (Certified Senior Advisor), and the team at Advantage Retirement. Call 417-893-7233 or visit our office at 3506 S. Culpepper Circle, Suite B in Springfield, MO 65804.