Start Planning for Retirement in Verona, WI
If you have spent decades working for someone else, it’s time to spend time on yourself during your retirement. If you’re close to retirement, you know what that means –- an income of about three quarters of what you earned while working, plus money for health care and reserves to help you reach your aspirations like a boat or RV, world travel, hobbies or a dream home. Take a careful look at your retirement portfolio and work with a qualified, trusted financial professional to make the most of your senior years.
If your retirement is decades away, it’s a good idea to take a careful look at your retirement portfolio and start saving right away. A financial professional or retirement advisor can help you decide how much money to set aside, where to invest your funds and how best to plan for taxation.
How do you Start Planning?
Experts agree: the surest way to plan for your golden years is setting aside savings starting in your twenties. This means more time for your funds to thrive in the stocks and bonds market, and it means you won’t have to decrease your standard of living toward the end of your professional life as you plan for years away from a steady job.
What We Offer
After you put aside a portion of your income for several months, you decide where to put your developing savings. The most widely recommended option is to choose a fund with tax savings perks such as a 401(k), which you set up through an employer, or an IRA (investment retirement account), which you set up on your own. You can invest retirement money before the wages is taxed or you can receive it during retirement without being charged taxes.You can also choose between investing in stocks, bonds, or a group of investments known as a mutual fund.
Your plan could change over time as the markets change. You can keep up on the essentials of creating a strategy for retirement by reading business news, but a financial professional has the knowledge to take in all the details and implications. If you work with a financial expert you can trust, you will save yourself stress and hassle and will have a much higher chance of success.
Learn More Today
Developing a strategy for retirement can be tricky, and it gets even more difficult when you are looking decades in advance. The professionals at Retirement Income Strategies are committed to helping you make the investments that are suitable for your life and your financial outlook.