Retirement is supposed to be the time in your life when you have finally achieved the financial independence to do precisely what you want, when you want. More importantly, retirement is supposed to afford you the time to do live out your own dreams. Arizona financial planning services and expertise work diligently to help you obtain a relaxing, stress-free retirement. With thoughtful planning, retirement funds will work for you, not you for them.
Many advisors look to build expertise in retirement income to better serve their clients' needs. In their most recent quarterly survey, Russell Investments discovered that 98% of advisors are working committedly to hone their understanding of the retirement market. In their desire to find the best investment strategies for their clients, advisors are looking to "online materials and books (68%), industry peers (52%), fund companies (49%) and accredited courses (45%)." With such differentiated sources, advisors are certain to offer their customers a much diversified base of knowledge. Considering the individual needs of every retiree, this variety of information is crucial to matching the best retirement plan to each client.
Deciding upon the realistic amounts you will need for a comfortable retirement is another area of expertise of the financial advisor. 61% of advisors report that their clients incorrectly estimate the amount of funds they will need to carry them through retirement. Many retirees rely upon the media, family, or friends to gather data about retirement patterns, but often times these sources unknowingly and unintentionally mislead. The investment markets are so complex and ever-changing that the knowledge and training of an expert will provide you with a more accurate representation of the practices that will best serve your needs.
Along with your skilled advisor, The United States Department of Labor has created a helpful list of the top 10 ways to prepare for retirement.
1. Start saving, keep saving, and stick to your goals.
2. Know your retirement needs.
3. Contribute to your employer's retirement savings plan.
4. Learn about your employer's pension plan.
5. Consider basic investment principles.
6. Don't touch your retirement savings.
7. Ask your employer to start a plan.
8. Put money into an Individual Retirement Account.
9. Find out about your social security benefits.
10. Ask questions of your financial advisor.
The only one who can begin your retirement planning is you. Most American, in fact more than 50%, are woefully unprepared for the financial needs of retirement. It is startling, but in 2010 more than 30% of employees did not even participate in their companies' defined contribution plans, like a 401k or 403b. Since the average retirement spans 20 years, that is a lengthy amount of time to struggle with cash concerns. Sadly, many Americans don't realize that they saved insufficiently until they are in their retirement years. Then, it is too late to do anything, but reenter the work force. You certainly recognize that as a worst case scenario.
With a bit of forethought on your behalf, you can enact measures now to provide yourself with the retirement you deserve. Examine the United States Department of Labor's retirement tips and then contact a qualified and trustworthy financial advisor whose expertise will flawlessly guide you to the financial security you deserve. We at Country Financial are eager to help you plan your future financial goals today.
If you have questions about financial planning contact:
Country Financial - Mark Derrico Insurance
2470 W. Ray Rd Bldg G Ste 3
Chandler, AZ 85224
(480) 219-1828
http://www.markderricoinsurance.com
