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Retirement Planning

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.

Retirement Planning Steps

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:

  • Determine when you want to retire
  • Calculate your retirement spending needs
  • Determine the after-tax rate of investment returns
  • Clarify risk tolerance and investment goals
  • Incorporate estate planning into your retirement strategy

Whether you choose to invest in a 401(k) or Roth IRA, you should monitor your account consistently and make alterations as necessary.

Partner with a Retirement Planning Expert

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.

Annuity Comparison

Annuity Comparison

This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.