It’s never too late. Begin preparing and saving for your retirement today! Find all the information you need to get started right here.
One of the most important things you can do is to plan for your retirement. There was once a time when employers provided pension plans to loyal employees that spent their working lives dedicated to the company.
Over the past three decades there has been a complete reversal of retirement funding responsibility from employers to employees. The days of being provided a monthly retirement income, solely funded by an employer, for the most part, are gone. In addition, employees are more mobile and are far less likely to have long-term careers with the same employer.
It is essential that everyone pull together as many resources as possible in order to create a fund that will provide them with income at their desired date of retirement. Among some of the financial resources that you can potentially rely on are; social security, veterans benefits, personal contributions to an employer's retirement plan (such as a 401K Plan), and your own personal savings. There are of course several others.
In order to make an educated guess as to whether you'll have adequate income to live a comfortable life at retirement you'll need to know what your approximate expenses will be. Then you will need to have a conservative, yet somewhat predictable, idea of what you will receive for income. Some individuals may chose, or be required, to work part time, in even a lesser paying job to supplement their income. If your guesstimated expenses exceed your guesstimated income you have an income shortfall.
The best way to close a future income shortfall is by proper retirement planning today. Lower expenses wherever possible and increase the amount dedicated to long-term savings and investments.
Most people look for guidance and advice when developing their retirement planning strategy. A knowledgeable and experienced financial advisor has been through the exercise many times and can be invaluable in helping people to get on the right track. Staying on the right track will take discipline and dedication but as your retirement plan begins to take shape you'll be inspired to continue.
A big part of keeping your dream alive is making plans to protect the financial situation of your loved ones, particularly your dependents. We believe that sound planning begins by building a strong base of financial security.
Tell us your situation and we'll help you develop clear and understandable solutions. Feel free to contact us regarding any of your concerns. We can assist with your business, investment and insurance needs.
Paying for a child's college education is an expensive proposition - but not an impossible one. With the right strategies, you can go a long way to meeting this challenge whether your child is still in preschool or already in high school.
We are licensed in the following states. If you are a legal resident of one of these states, please proceed. We are sorry if we are unable to offer you our services at this time.
Securities: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin
Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer and a registered investment advisor. Member SIPC. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Firm disclosure information available at www.LFG.com.
Retirement Planning Group, LLC is not an affiliate of Lincoln Financial Advisors.
See Lincoln Financial Advisors (LFA's) Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services LFA offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFA's Forms ADV, Part 2A, which describe LFA's investment advisory services, Regulation Best Interest Disclosure Document, which describes LFA's broker-dealer services, and other client disclosure documents can be found here.
*Associated persons of Lincoln Financial Advisors Corp. who hold a JD and/or CPA license do not offer tax or legal advice on behalf of the firm.