Will you be ready for Retirement?
We recently saw a chart that stated that 25% of households, aged 55-64 had no retirement savings, another 24% had saving of $50,000.00 dollars or less., and only 18% had retirement savings of $500,000.00 or more. This is a disturbing finding. And yes, Social Security will be helpful, but folks, it alone will not offer a comfortable retirement. So please, if you haven’t already started contributing to a work related retirement plan, or an IRA, don’t delay…time is always of the essence in getting started! For example, just $200 (about the same as many cable bills) invested per month at 8% over 30 years would amount to just over $236,000.00 (you would have invested $ 72000.00 over that time). We are talking to you too, Millennials and Gen Z folks! Even if you are a bit older than “Millennial” you can still build a nest egg with some effort and proper guidance. The key is to take that first step… today if possible! Get in the habit of paying yourself first… your retirement should be at the top of the list of bills to pay, not the bottom.
At S.C. Parker we are ready, willing and able to help you begin investing in your future. We can custom tailor a plan that fits your circumstances now and adapt it to your changing circumstances in the future.
So, are you going to be ready when the time comes?
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