So, What Kind of Retirement do You Want to Live?

Are you planning today for tomorrow?

“Do you want to travel abroad?  How about buy an RV and travel the United States?  Or retiring in the Caribbean?” 

The government was not designed to be our only source of retirement income, but for so many of us, Social Security is all we have.  And in today’s world of keeping up with the Carter’s, we are spending much of our money today and saving very little for tomorrow.

Companies used to be more vested in their employees’ retirement, but not anymore!

Years ago, companies helped fund their employees’ retirement income with pension plans.  Depending on the number of years of service and/or your position in the company, that would determine the contribution to the plan designated for you.  The plans were invested to grown and by the time the employee retired, there was income designated to that person for retirement.  It could be paid in monthly installments or as a lump sum payout, in broad terms.  This income along with Social Security allowed people to live comfortably in retirement.

“It is never too late to start saving for your future life!”

In the 1960’s, 41% of private sector employees were covered by a pension plans!  Today it is about 4%.

As the payment into these pension plans became more of a burden for companies and profits were decreasing, in the 1980’s the IRS came out with a new kind of plan called the 401(k).  This plan helped shift the BURDEN of saving for retirement from the employer to the employee.

The Ball is in Our Court, we have to do the saving and we have to start now!  Call me so we can discuss getting the most out of your 401(k) plan and maximize our company’s matching.

“So what kind of retirement do you want to live?”

Call for a free comprehensive financial plan today!