When Should I Start Planning for Retirement?

It is never too late to start planning for your retirement, but the longer you wait, the fewer options you have. So, the earlier the better!

How do I Start My Retirement Planning?

Have a cash reserve for emergency money
Life insurance
Debt, good and bad, pay off your credit card debt!
Create a budget
Create an estate plan
Talk with a professional!

Why Hire a Financial Advisor?

Some people go to school and spend years learning everything there is to know about finances. There are so many different ways to save your money that it can be overwhelming – do I invest in the stock market? Do I buy an annuity? Do I open a Roth IRA? Not everyone has the time to teach themselves each retirement planning strategy, let alone determine which ones are right for them.

Financial advisors help take the emotion out of money, allowing you to focus on what is most important. According to a Vanguard study, people who work with financial advisors can potentially add 3% net return. Investing $100,000 and getting a 6% return for 20 years, you get roughly $321,000. With an advisor, if you would get 9%, your ending amount would be $560,000. This is just under $240,000 additional dollars.

Our team is here with experience and knowledge to help you create the best retirement plan for you!

Contact us today to learn more about how you can start or continue your retirement savings plan!

Why Choose Great Lakes for Estate Planning Help?

With our cumulative years of experience as financial advisors, we have worked with many Estate Planning Attorneys. While working with us on your retirement plan, we can refer you to many great local Estate Planning Attorneys so you can secure your savings and help prevent any headaches for your loved ones.