Did you know that 90% of the most important things you need to know about saving money for retirement are very basic principals we could have and should have been taught when we were in high school. Unfortunately the information was never taught to the majority of us and we were left with the dilemma of trying to understand how money works with the perception that it is very complicated. How many times have you walked into a bank or the office of a stock broker and felt that the financial professional was “talking over your head” and made you feel insecure? At Retiring America we feel that the best approach is to educate our clients about the basic principals required to create wealth. There are two key questions.
With approximately 76 million Baby Boomers entering retirement this is creating a tremendous dilemma with our Social Security System that generations before us were able to depend on. Furthermore, corporate pension plans are becoming a thing of the past. Corporate America just can’t afford to offer pension plans to their employees like they did in the past because of the fact that we are all living longer due to modern medicine. Most Americans are not saving the amount of money each month and/or are saving the money in the wrong types of savings plans. Do you know how much you need to save each month in order to reach your goals and retire with dignity? The Big Question is: Who is going to take care of us when we choose to retire?
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