Retirement planning begins with clarifying your retirement goals and determining how long you have to reach those objectives. While some people are fortunate to have an employer-sponsored pension or retirement plan, the primary responsibility of saving for retirement falls on the worker. You should adopt a retirement strategy that allows your money to grow over time while also considering tax implications. Consulting with a financial advisor can help you make the best choices now so you can enjoy a comfortable lifestyle in the future.
Planning for retirement is a long-term process that evolves as your age and income increase. To continue living your desired lifestyle after you stop working, you need to build a financial cushion. Here are the five basic steps you should follow to create a retirement plan:
Whether you choose to invest in a 401(k) or Roth IRA, you should monitor your account consistently and make alterations as necessary.
Are you looking for help with beneficiary planning or opening a retirement savings account? Contact Secure Planning Group, LLC today to schedule an appointment. Our experienced team can provide advice on traditional and Roth IRAs, retirement distribution strategies, and estate plans.