Retirement may seem far off in the future, and you may not think planning for it is a pressing priority. However, the danger of not taking steps now could mean having to work well into your old age to maintain your desired lifestyle. By partnering with a financial planner at Evergreen Advisors in Covington, KY, you can start implementing realistic solutions to protect your golden years.
When is the best time to start planning for retirement? The easy answer is now! A certified financial planner will sit down with you to go over your income and assets and determine how much you should be setting aside for retirement each month and year. The professional financial consultant can also provide customized solutions to help you pay down debt faster so you can start building more retirement savings now.
If you’re older, it’s never too late to start saving for retirement. Working with a financial planner now can help pinpoint investment solutions that will quickly ramp up savings and growth. For younger people, time is on their side because they have a longer timeframe in which to build retirement savings. A strong starting place is contributing to a 401(k) offered by your employer. Most companies often match all or part of your contributions.
Another reason to start saving for retirement now is to contribute to other savings accounts such as individual retirement accounts (IRA) and health savings accounts (HSA). In addition to building income, you’ll be eligible for tax deductions designed to decrease any taxes owed while continuing to grow your savings.
Evergreen Advisors offers a hands-on approach to get you where you want to be for your retirement years. You’ll receive expert financial advice on topics such as how much you should put aside for retirement, whether to contribute to a traditional or Roth IRA, and how to save if you’re self-employed.
Let Evergreen Advisors help you prepare for your retirement years. To schedule a free consultation with a financial planner in Northern Kentucky, call (513) 784-9150 or visit the website for more information on their services.File#1747-2016