Why do I need to save for retirement?
Retirement savings is a top priority for many savers. Saving now for retirement will ensure that you have enough money to enjoy a comfortable standard of living when you stop or reduce the amount of hours you work.
You may be able to save for retirement at your workplace through a 401k plan. Unfortunately, a 401K plan does not place your savings in the best position to work for you and your future plans. Unlike a 401k which lacks liquidity, safety, rate of return, and tax advantages; We can introduce and walk you through other retirement plans that will help your money grow for you without risk.
You do not need to contribute huge amounts that will affect your ability to live freely. Even small monthly contributions to a retirement account for 30 to 40 years can easily lead to an accumulation of several hundred thousand dollars with compound interest.
It is never to late to start saving for your future.
Top reasons you should start saving for retirement today:
You don’t want to rely only on Social Security benefits after retirement.
Fewer employers are offering pensions and contributing to retirement savings
You don't want to be a burden on your children.
Longer lifespans mean people are outliving their savings
You have access to a tax-deferred retirement account that will reduce the taxes you pay.
The compound effect of investing in that account over time can give you a more comfortable and happier retirement.
“The question isn’t at what age I want to retire, it’s at what income.
~ George Foreman ~