New Years Resolution #10 - Check to See if Your Retirement Plan is on Track Losses incurred during the most recent recession may have derailed and/or delayed the retirement plans of many investors. The important thing is to respond and determine – promptly and realistically – what changes might be needed. In evaluating the current state of your plan, don’t fixate solely on a number – “We’ll be fine when our retirement portfolio is worth $X” – that just isn’t the way retirement works anymore, if it ever did. You need to drill down into what types of assets you have, what your cash flow situation is and what it will be, what your contingency plans are, what rate of return you’re assuming, what inflation rate you’re assuming, how long you’re planning for, and all the other important details that go into achieving a successful retirement. The truth is retirement has a lot of moving parts that must be monitored and managed on an ongoing basis. Follow the link to our website to learn more about goal and retirement planning. Fill out the Retirement Readiness Checklist to see where you stand.
Posted on: Sat, 10 Jan 2015 00:02:30 +0000