In your middle years (35-55), you are just as busy as in your early years, but now you are often dealing with children in school, saving for college years, and possible still paying for student loans. Retirement may still be the last thing on your mind!
As you approach your retirement years, you are hoping to arrive at this proverbial place with debt paid off, money in the bank and a feeling you will be fine now and 30 years into retirement.
At Bogetto & Associates, we have the tools, services and expertise to help you work towards YOUR retirement goals and we are GREAT listeners. Whatever stage of life you and your family are in, we have answers that may help you work towards achieving your short and long term retirement goals.
Many people come to us at 55 when we can still provide answer for a healthy retirement. 401k, IRA,and investments will be your basis for retirement. Social Security needs planning to make sure you are taking advantage of the best way to maximize this benefit. During the planning stage we will show you how to set aside assets for the first year of retirement and for the next 10 years. We will also develop a strategy to handle planning for age 70 and beyond working towards supplementing your income for 10 years or longer.
Here are some ideas that you may want to consider when planning for retirement
- Fewer than half of Americans have calculated how much they need to save for retirement.
- In 2014, 30 percent of private industry workers with access to a defined contribution plan (such as a 401(k) plan) did not participate.
- The average American spends roughly 20 years in retirement.
1. Start saving, keep saving, and stick to your goals
2. Know your retirement needs
3. Contribute to your employer’s retirement savings plan
4. Learn about your employer's pension plan
5. Consider basic investment principles
6. Try not to touch your retirement savings
7. Put money into an Individual Retirement Account
When you open an IRA, you have two options – a traditional IRA or a Roth IRA. The tax treatment of your contributions and withdrawals will depend on which option you select. Also, the after-tax value of your withdrawal will depend on inflation and the type of IRA you choose. IRAs can provide an easy way to save. You can set it up so that an amount is automatically deducted from your checking or savings account and deposited in the IRA.
Social Security pays benefits that are on average equal to about 40 percent of what you earned before retirement. For more information about your social security benefits, go to www.ssa.gov.
8. Find out about your Social Security benefits
9. Ask Questions
Financial Health...For Now & Tomorrow
Contact us Today
Website - www.bogettoandassociates
Telephone - 314-858-1602
Email - firstname.lastname@example.org
10805 Sunset Office Drive, Ste. 202
St Louis, MO 63127
Securities offered through First Heartland Capital, Inc. Member FINRA/SIPC
Bogetto Financial is not affiliated with First Heartland Capital, Inc.