Are you saving enough for your future?
My concern is that as WE all age, we will run into the fact that we maybe a very poor society. A few thoughts:
1 in 4 Americans currently age 65 will live to 90 year old.
MIGHT RUN OUT: 58% of Americans workers surveyed (individuals who have not retired yet) are concerned that they will completely deplete the life savings during retirement and before they die (source: Society of Actuaries)
WHAT TO DO:2 out of every 3 American workers that are employed by corporations that provide a pre-tax retirement believe that they could work and save until the ago of 65 and still not have sufficient assets to provide their desired life style.
(Source: Transamerica Retirement Survey)
ARE YOU SAVING ENOUGH? Many Americans have put their head in the sands on this question. Ask yourself this question…..
How much do you or have you saved for retirement?
There are concerns Social Security benefits will run out or be very slim to nothing as time goes on.
How can one protect themselves? Planning!!!
I heard someone say once; people spend more time planning Christmas time activities than they do planning their own lives. I think we need to plan for the future. Part of this I would like to offer my services in the mortgage area. We can look and re-look at your options. As you get older, will you be living in the same home, will you down size, etc. By coming up with a plan we can hopefully get you to the retirement years and have one enjoying them. The goal would be if one wants to work, great—I do not want people to work because they have to work. I have a great case; I helped a client out earlier this year doing this exact same planning. They looked at their home and decided this is where they were going to say. Retirement was upon them and they looked to get into a 30 year fixed rate mortgage. They knew by going to 30 year loan, they were not going to pay off the home, but it allowed them to have a low payment, stay in their home, and retire comfortably. The mortgage payment was lower than any apartment they could rent. They discussed this with their financial planner he agreed this was the best option for them with their current retirement savings. Does it make sense for everyone do to this-NO. But everyone is different and one needs to work on a plan that makes sense for them.
Let’s plan now!!! Feel free to call or email me we can chat about your future!
Kris 920-960-0852 or 262-696-5041 or krissteinbach@inlanta.com
