The three major elements of your retirement portfolio are benefits from pensions, savings and investments, and Social Security benefits. …
So lets look at retirement, ask yourself can you retire? Or better yet how can we retire? Will our money run out? Will we have enough money saved? At what age will I be able to retire?
Big questions right! Some of us actually, probably the majority of us will not be able to retire since we can’t stop working because, lets face it we don’t have enough saved money to retire. Simple solution!
I think there are no simple solutions, but we can put a big step forward and try harder? Join the 401k at work, if that isn’t offered, the IRS lets you put aside money into a 401k, plus gives a tax break to you. There are other ways to save also, put money aside each week into a savings account and with a CD. Invest! We can’t depend on anyone else to get us through that part of our life’s, we need to start teaching our kids to put money into a a piggy bank to save it until one day they can open a savings account, they need to learn to save; we need to set an example for them. Plan ahead talk, to your children about the mistakes you made by not saving money like you should have had. You need to learn to help them so their future will look brighter and just maybe they will be able to retire better. Enjoy long trips away; visit kids or better yet Grand kids, to plan now for retirement will give you that opportunity to achieve it. Go-ahead take the first step to becoming a retiree not a statistic, enjoy your time as a retiree! Make plans now so you can plan for your future.
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