Sadly, few of us plan adequately for retirement. The 2012 Retirement Confidence Survey found that only 14% of workers are very confident they will have enough money in retirement, and 70% of workers plan to work for pay after they retire.1 Further, 66% of workers and their spouses reported they have saved for retirement - a decline from 75% reported in 2009.
With retirement often lasting for 20 years or more, many of our clients are concerned about outliving their savings. To avoid a savings shortfall, it is critical to spend time now to help ensure that you will have the capital to afford the retirement lifestyle you desire. We'll help you choose the appropriate techniques to accumulate wealth for retirement income and offer alternatives for asset allocation and income distribution following retirement. To help guide you toward retirement income security, we offer:
- Needs assessment
- Retirement income modeling
- Benefits analysis
- Distribution options
Financial independence during retirement is a goal that many of us desire but rarely plan for adequately. We can estimate what you need to maintain your current lifestyle at retirement. Any company-sponsored retirement plans, individual retirement accounts, savings accounts, and other sources of income are evaluated. Then, an effective, step-by-step strategy is determined, taking advantage of current tax laws and suitable investment vehicles. Creating a strategy can help set the stage for a comfortable retirement.
Establish your retirement plan through Lincoln Financial Advisors means investment flexibility. You have the ability to select and then reposition your portfolio holdings to satisfy ever-changing personal and economic conditions. Our selection of self-directed retirement accounts includes:
Traditional IRA - An account established and funded by individual contributions or an individual retirement plan transferred from another financial institution.
Rollover IRA - A retirement account funded by distributions received from an employer's qualified pension or profit-sharing plan upon termination of employment.
SEP-IRA - A retirement account established and funded by employer contributions.
The longer you wait to create a retirement plan, the more you jeopardize your future happiness. You'll thank yourself tomorrow for what you start today. Click below to learn more about our effective five step-by-step strategy model and start your way towards a comfortable retirement.
1 "2012 Retirement Confidence Survey," Employee Benefit Research Institute and Mathew Greenwald & Associates.