Ten common “reasons” why someone does not plan for retirement. 

#10: “I’m too busy

Stop procrastinating. How does the saying go? The best time to plant a tree is 30 years ago. The second best time is … TODAY.

#9:     “It’s too soon

It’s NEVER too soon. The sooner you start planning, the better chance you stand of having the kind of retirement you want.

#8:     “It’s too late

Think again. Even if you’ve already retired, it’s important to consider how you’re receiving income and how long it will last.

#7:     “I don’t need to

This one baffles me. If you’re simply giving monthly to a savings account and hoping for the best, you may be in for an unpleasant surprise someday.

#6:     “I don’t have enough money to get started

Starting small is better than not starting at all, and if you plan well, you should eventually have more to work with.

#5:     “My finances are a mess

Consider speaking with a Financial Professional who can look at your complete financial picture and help you to develop a plan to make your “mess” work for you.

#4:     “The Government will take care of me

If you’re planning to retire on Social Security alone, I would advise you to create a back-up plan at the very least.

#3:     “Between my savings and my 401(k), I’ll be fine

Saving for retirement without an income distribution plan could be a mistake. Have you considered inflation? Taxes? If you live to 100, will the money last?

#2:     “I don’t want to think about it

If you bite the bullet now and put a firm plan in motion, you may not have to think about it again for quite some time.

#1:     “I don’t know how

If you knew everything there was to know about financial planning, you’d probably be a financial advisor yourself. If you’re putting off retirement planning because you don’t know how to begin, consider speaking to a professional who does.

Mike Moffitt may be reached at ph# 641-782-5577 or email:  mikem@cfgiowa.com

Website:  www.cfgiowa.com

Michael Moffitt is a Registered Representative with and Securities are offered through LPL Financial, Member FINRA/SIPC.  Investments advice offered through Advantage Investment Management (AIM), a registered investment advisor.  Cornerstone Financial Group and AIM are separate entities from LPL Financial.

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.

 

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