You might be thinking, why should I think about retirement now? I'm young, I can think about it later. This procrastination can be a costly and financially dangerous mistake. Everyone should be looking to the future and planning for the day that they will no longer want or be able to work to earn a livelihood. Furthermore, those individuals who think Social Security will be enough are fooling themselves. That program was never intended to and never will take the place of good retirement planning. There will always be a need to supplement Social Security. Individuals who plan their retirement are able to supplement this base income with other sources that greatly enhance income over the course of a retirement. These other sources include IRA's, Roth IRA's, Annuities, Pensions, etc.
According to the 2010 US Census average life expectancy for males is 76.2 years and for females it is 81.1 years. Many of us will retire well before that age and a Riverfront Asset Management retirement specialist can help you plan for that day when you leave your job and start enjoying life. We will look at important variables such as inflation, your risk tolerance, changing tax laws, and create a retirement plan you can have confidence in.
Here are some questions to ask yourself before retirement. Often the earlier these questions are answered the more prepared you will be for retirement.
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