Retirement Planning

How should you ideally plan for your retirement and are there any measures that you can adopt in order to maximise your returns? The truth is that it’s never too early or too late to begin saving for your golden years and we’re here to help you put a solid retirement financial plan in action, irrespective of when you choose to retire or how much you will be earning when you do.

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Avg Retirement Age

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Years In Retirement

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Million Needed

Accumulation Phase

Start Saving for Retirement

Many young investors who stay focused on wealth accumulation and investments would form the core group in this category. Usually, the top priorities of people in this group include saving up to buy a house of their own and preparing financially for a child’s education. Since the actual expenses meted out by this group is relatively small at this point, young adults who have a long life ahead of them can afford to take on a considerably higher level of risk with an eye on potentially higher returns.

Consolidation Phase

Refining Your Strategy

People in this category may have begun some small form of investment, but as disposable income from work increases, home equity as well as retirement plan assets also increases simultaneously. However, investing as much as one can during these years still remains the topmost priority and for most investors in this group, actual retirement is still a good 9 – 10 years away. Proper financial planning at this stage is of utmost importance for the future.

Red Zone Phase

Getting Ready For Retirement

This phase marks the few years just before retirement and requires plenty of careful strategies at this stage. For instance, a few of the questions you will need to ask yourself include ‘When is my actual date of retirement?’ and ‘Where will the money I need on a monthly basis come from?’ Investments which appear risky and where the profitability may be low are best avoided in this stage.

Income Phase

Living in Retirement

Estate Planning Phase

After Retirement

On retiring, investors may no longer live as busy a life as before, but this may also be a significant period of gifting which may include making contributions to one’s alma mater, church, charities, other social causes or even extending a helping hand to relatives and friends. Many investors also use their retirement years to indulge in other long cherished passions such as traveling, learning new skills, adopting a new hobby or fine living.

GET STARTED NOW

Begin planning your financial future with us

CALL US:
814.262.7474

EMAIL US:
info@kablerthomas.com

VISIT US:
105 College Park Plaza
Johnstown, PA 15904

Prepare for your golden years now

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