How much is enough? We all love formulas, quick
answers and guidelines but unfortunately, this can be a complex
question.
What does your current lifestyle entail? Are you saving money?
How long will you continue to earn income? What other expenses
may come up in retirement? What lifestyle choices will you
make upon reaching retirement or what we prefer to call independent
living - going to work because you want to not because you
have to go.
Inflation and longevity increase the complexity of attaining
goals of retirement. The insecurity of social security, what
guaranteed income streams you can count on into retirement
as well as health care costs all factor in as well. The changing
demographics of our population, the increasing prices on homes
and taxes may make a sale of your current home to fund retirement
less feasible than you thought.
Do you have a plan of action?
Are you saving on a regular basis?
Is your portfolio diversified?
Are you measuring performance?
Have you a written investment guideline
and asset allocation?
Have you measured risk in your portfolio
structure?
Securities
offered through LPL Financial - Member FINRA,
SIPC
