Are you on track to retire comfortably? What are your financial goals? How much income will you need to generate each month when you have retired? What might be some of your longer-term goals outside the financial arena, but goals that would be aided by a larger pool of savings?
Our regular check-ins with clients are designed to measure progress toward their goals, making adjustments as life’s journey unfolds. Saving for retirement is a long game; It’s a marathon. You could compare it to the fable The Tortoise and the Hare. A sprint won’t get you to your destination. Slow and steady progress will.
Unfortunately, 75% of Americans receive no professional assistance for this long haul. In my view, that’s simply unacceptable. It leaves far too many folks exposed to the many financial pitfalls that are lurking. As Ben Franklin said, “If you fail to plan, you are planning to fail!”
Following are seven ideas and concepts we encourage on a regular basis so that you can stay on track.