Wednesday, 30 January 2019

Make Your Dreams of a Comfortable Retirement a Reality

Every worker dreams of a comfortable retirement. Medical breakthroughs have to lead to a dramatic increase in life expectancies. The Centers for Disease Control and Prevention (CDC) tracks life expectancies. It is most prudent to use the life expectancy of the younger spouse, plus at least an additional five years to the figures provided by the CDC. Because of these longer life expectancies; we can expect to spend more years in retirement than our parents did. But, with these long years in retirement, comes more complicated financial planning than our parents had as well. 

You expect after retirement to have your mortgage paid off and your kids off on their own. But, if your dream is to sail around the world, pay for the grandkids travel costs to see you several times a year or start your own business, then you will need to consider a much higher percentage. In these cases, you should create a plan whose percentage is closer to one hundred. Whether you are three months, three years, or 30 years away from retirement, it is never too early, or late, to start planning. 

Through the creation of the correct retirement income plan now, you can make a big difference in how comfortable your retirement will be. You have worked hard for what you have; you deserve to make your dreams of a comfortable retirement a reality. 

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