Do I Have Enough Money to Retire?

Enjoying your retirement requires a consistent flow of income.

A common rule of thumb when planning for retirement is to save 10% of your gross income during your working years.

Since this rule of thumb has been around for a long time, it’s logical to question whether it’s still an appropriate guideline. Several trends suggest that it is probably on the low side given the following facts:

  • Fewer individuals are covered by defined-benefit plans.
  • The Social Security system will face increasing pressure in the future.
  • Life expectancies are continuing to increase.
  • Plans for retirement have changed.

Trying to gauge whether your retirement savings are on track? Contact us today for your free consultation.

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