Retirement: you spend your entire working life saving and
planning for it. Whether you're 24 or 60, one thing is certain -
retirement is getting closer with each passing day.
What Do I Need To Prepare For My
Many people assume that their company pension plan and social
security are going to be enough to maintain their lifestyle through
their retirement years. Most of those people will be bitterly
disappointed. Let's look at some startling facts:
- Social security currently pays the average 65-year-old about
$700 a month.
- The largest population bubble in history, the baby boom
generation, will start to retire in 10 to 15 years, further
diluting social security's ability to keep up with the additional
- The good news is we are living longer. The bad news is we will
have to pay for those additional years of life in retirement.
- It is estimated that you will need approximately 75% of your
pre-retirement income to retire comfortably.
Robert F. Bennett wrote, "Your life is the sum result of all the
choices you make, both consciously and unconsciously. If you can
control the process of choosing, then you can take control of all
aspects of your life. You can find the freedom that comes from
being in charge of yourself."
Controlling your choices and conducting some simple planning now
can enable you to reach your goal of a comfortable retirement.
Retirement planning is in many ways an inventory-taking process
in which you must examine your current status, project your future
need and calculate how much you must save to meet those needs.
Following these few simple steps can help you in this planning
- Identify your
- Review your financial situation
- Select a
- Action point - implement the plan
- Monitor your progress
Contact Your Stephens Financial
Your Stephens Financial Consultant can
assist you in developing successful investment strategies.
Contact Us for more
information on Stephens' complete array of investment products and