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SB FINANCIAL GROUP
Finding Solutions to all your investment needs
920-740-4767
| Retirement Planning tips and advice |
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SB Financial Group is dedicated to providing proven program management, product expertise, advanced technology and superior service.
Will you be ready for retirement when the time comes?
Many of us don't know if we're on track financially. You can find out where you stand in less than 8 minutes. Just answer a few quick questions to get your R-ScoreSM and ideas to help you prepare for retirement. |
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- Start by figuring out how much you need to save for retirement – complete the Ballpark E$timate retirement planning worksheet.
- Begin to modify your habits and commit to saving money.
- Have you tried to figure out how much you need to save for retirement? The median amount accumulated by those who have done the calculation is about $66,500 compared with $14,000 for those who have not done the calculation. Quite a difference!
- Get involved with your company’s 401(k) plan or defined contribution plan immediately.
- Consider putting money into an IRA (Roth or regular).
- Get an automatic “savings” deduction from your paycheck at least once a month that goes directly into some type of savings vehicle (e.g., 401(k), etc.).
- Consider buying a U.S. savings bond.
- Saving for retirement is a long-term strategy so you should seek a diversified portfolio.
- How much annual income will you want in retirement? This will depend on how you want to live and how much you now make. Complete the Ballpark E$timate retirement planning worksheet.
- Why is it important to save for retirement? So you can afford to live. Social Security is an important floor of protection, but it was never intended to provide and adequate retirement income.
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Securities and Advisory Services Offered
Through Harbour Investments Inc. | |
