It’s
never too early to start preparing for your
retirement! In
order to have the retirement of your dreams,
it is important to leverage your financial
potential while you are still working. You
need to make sure that when you retire or change
jobs, you preserve of all the money that you
have saved.
Retirement
planning involves evaluating your goals, lifestyle,
health issues, tax bracket, retirement age and cost
of living. As a rule of thumb, you’ll need 70%-80%
of your pre-retirement income to sustain a similar
lifestyle.
Social
Security
Many
experts predict that Social Security will cover only
about 20% of the average American’s retirement
living expense...and substantially less for wealthy
Americans. As a result, it is very important to have
additional income from other sources, i.e. pensions,
personal savings, and other long-term investments.
Our
benefits department can assist you in planning your
retirement investment strategy and creating a diversified
portfolio. Whether you are a conservative investor,
an aggressive investor or somewhere in between, we
can help. For a personal consultation, please contact
one of our benefits representatives at 800-775-TMIB
or email benefits@tmib.com.
