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Many people underestimate how much money they will need to maintain their lifestyle in their retirement years. Factors such as inflation, a diminishing Social Security system and rising costs of healthcare can all quickly erode our hard-earned savings. With life expectancies increasing, many people spend up to one-third of their lifespan in retirement. This is why its essential for you take the necessary steps to prepare for these years, and put your investments to work to account for them. Actively planning for your retirement may be one of the most important choices you’ll ever make, and its never too soon to start, or too late to make adjustments. At Global Wealth Partners Inc™, we’d like to help with your retirement planning. Actively planning for your retirement may be one of the most important choices you’ll ever make.
While retirement may seem like its years away, taking advantage of investment opportunities early on in your career could make a substantial difference in how much you accumulate. As you get older, the number of options available to you will decrease. A solid retirement plan will help make sure you capitalize on what is available to you. For example, in your earlier years, you may wish to take on a higher level of risk with your investments, while you still have time to make up for market downturns. In fact, early in your career, the biggest investment risk is not being invested at all. As you get closer to retirement, however, you’ll want to select investments with lower risks.
…early in your career, the biggest investment risk is not being invested at all.
Most people underestimate how far traditional sources of retirement income will take them. Over the years, the amount of Social Security paid out to retirees has steadily decreased. Depending on this income as a means to support a lifestyle is not an option for most. Social Security funds should be considered a supplement to retirement income, not a mainstay. Similarly, while it’s essential to take advantage of company-sponsored, tax-advantaged retirement plans, such as 401ks and SEPs, these plans alone may still not be enough. Understanding how your plan works and making sure it’s properly invested is an important start. Yet most people will need to supplement these plans with additional investment strategies to make up the difference between what these plans account for and what they’ll really need in retirement. At Global Wealth Partners Inc™ , we’d like to help you determine what additional steps are right for you.
Let’s Get Started
We’d like to help you make the most of the opportunities available to you and promise to act with objectivity, experience and honesty. Our services seek to help you meet your financial goals and dreams one step at a time. Allow us to assess your financial health and put you on a plan that suits you and your family. Contact us to plan for your future.