PROVIDING FINANCIAL EDUCATION, ACROSS AMERICA - ONE COMMUNITY AT A TIME
We deal with money more than we deal with anything else in the world. Yet financial education isn't taught in most schools. Only 3% of Americans have a written financial plan, and most people put off retirement planning way too long. Stress from financial issues impacts job performance, relationships and family life.
We come to you.
December 6, 2013 | Category: Future Planning
| Author: Robert Berger
Source - Daily Finance
Successful retirement planning is not one size fits all. Retirement planning for a millennial just doesn't fit retirement planning for a baby boomer who is nearing retirement. There are several reasons planning should be custom fit.
First, there are several economic unknowns for those many years away from retirement. From market returns to inflation and Social Security to Medicare, it's simply not possible to make reliable predictions decades into the future. Second, personal circumstances that affect retirement planning are impossible to predict. Whether a couple will remain married and whether the mortgage will be paid in full at retirement are just two examples of unknown outcomes for those just starting out. And that says nothing of an individual's career path.
However, these uncertainties should not prevent successful retirement planning....