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Retirement Services

Retirement Services

Why Planning For Your Retirement Is So Crucial

In the age of modern medicine and technology, you will live longer, be active longer, and have a fuller life after you retire from your current career. This is precisely why planning for your retirement is so crucial. The first step to do that is to evaluate your retirement needs. Figure out whether you have enough money to fund the retirement lifestyle you wish for, if you retire today. This can be a difficult question to answer as it involves so many variables. However, it is important if you are to attempt any kind of planning for your retirement.

For coming up with a decent and workable pre-retirement calculation, begin by asking yourself some basic questions:

  • What is the current market value of your total investment portfolio, including the pension plan and savings
  • How much do you actually invest every month
  • What would be the best rate of return that can be generated on your investments until retirement age
  • What will your investments be worth when you retire, based on these calculations

The next step is to come up with a good calculation of how much you should have at retirement. Ask yourself:

  • How long you expect to live
  • How long should the money last
  • How much money you will need, per month
  • How much income you expect from the government
  • How much income you expect from company pension plans
  • How much your personal retirement portfolio will give you, and for how long

These calculations can be quite complex, however, many websites and calculators exist that will help you to find the answers. Using one of these retirement calculators or retirement planners enables you to evaluate your retirement needs quite quickly and simply.

The quality of life that you want to lead after your retirement depends on what you are willing to contribute to the fund today. Everyone wishes to retire with peace of mind, which is why planning for your retirement is so crucial. The kind of retirement you can look forward to depends on the planning and investing you are willing to do now.

Remember that Social Security will only be able to provide around 40% of the necessary income for a comfortable retirement. Company pension plans are also no longer dependable as once they were thought to be. Increasingly expensive health care costs combined with inflation and a much longer life expectancy will affect the total available retirement income. It is ever more essential to develop a plan and reach your retirement goals. If you haven’t started planning for the crucial retirement fund, begin now.  Building enough financial stability during your retirement years will mean a proactive campaign of accumulating assets and savings now.

As a general rule, experts say, that you will need 60%-80% of your current annual income to maintain a good retirement lifestyle. Your retirement funds need to be enough to support your lifestyle considering such factors as where you wish to live, activities or hobbies you may want to indulge, and fulfilling long-awaited pursuits such as travel.

Planning for your retirement is crucial. Choose appropriate employer sponsored savings plans that fit with your long term plan. Consider life insurance as a mode of making tax-free income. Always take full advantage of any available company deductions for future health care insurance, and long term care insurance. Consult experts and conduct your own research before you finalize your plan.

For all your retirement planning needs, call Mike Habib at 1-877-95-IRAMD (877-954-7263)

Retirement planning, IRA Help, tax planning, financial planning in LOS ANGELES COUNTY:

Acton - Agoura Hills - Alhambra - Altadena - Arcadia - Artesia - Avalon - Azusa - Baldwin Park - Bell - Bellflower - Beverly Hills - Burbank - Calabasas - Canoga Park - Canyon Country - Carson - Castaic - Cerritos - Chatsworth – City of Industry -Claremont - Compton - Covina - Culver City - Diamond Bar - Downey - Duarte - El Monte – South, - El Segundo - Encino - Gardena - Glendale - Granada Hills - Hacienda Heights – Harbor City - Hawaiian Gardens - Hawthorne - Hermosa Beach - Huntington Park - Inglewood - LA Los Angeles - La Canada Flintridge - La Crescenta - La Habra Heights - La Mirada - La Puente – La Verne - Lawndale – Long Beach – Lynwood - Malibu - Manhattan Beach - Marina del Rey - Maywood - Mission Hills - Monrovia - Montebello – Monterey Park - Montrose - Newhall - North Hills - North Hollywood - Northridge - Norwalk - Pacific Palisades – Pacoima - Palmdale - Palos Verdes - Panorama City - Paramount - Pasadena - Pearblossom - Pico Rivera - Playa del Rey – Playa Vista - Pomona - Rancho P.V. - Redondo Beach - Reseda - Rosemead - Rowland Heights - San Dimas - San Fernando – San Gabriel - San Marino - San Pedro - Santa Clarita - Santa Fe Springs - Santa Monica - Sherman Oaks - Sierra Madre – Signal Hill - South Gate - South Pasadena - Stevenson Ranch - Studio City - Sun Valley - Sunland - Sylmar - Tarzana – Temple City - Topanga - Torrance - Valencia - Valley Village - Van Nuys - Venice - Walnut - West Covina - West Hills – West Hollywood/LA Los Angeles - Westlake Village - Whittier - Wilmington - Winnetka - Woodland Hills .

Retirement planning, IRA Help, tax planning, financial planning in ORANGE COUNTY:

Aliso Viejo – Anaheim – Anaheim Hills – Balboa Island – Brea – Buena Park - Capistrano Beach – Corona del Mar – Costa Mesa – Cypress – Dana Point – Foothill Ranch - Fountain Valley – Fullerton – Garden Grove – Huntington Beach – Irvine – La Habra – La Palma - Ladera Ranch – Laguna Beach – Laguna Hills – Laguna Niguel – Laguna Woods – Lake Forest - Los Alamitos – Midway City – Mission Viejo – Newport Beach – Newport Coast – Orange – Placentia – Rancho St. Margarita – San Clemente – San Juan Capistrano – Santa Ana – Seal Beach – Silverado – Stanton – Sunset Beach – Surfside – Trabuco Canyon – Tustin – Villa Park – Westminster – Yorba Linda .

Retirement planning, IRA Help, tax planning, financial planning in RIVERSIDE COUNTY :

Aguanga – Anza – Banning – Beaumont – Blythe – Cabazon – Calimesa – Canyon Lake – Cathedral City – Coachella – Corona – Desert Center – Desert Hot Springs – Hemet – Homeland – Idyllwild, Indian Wells – Indio – La Quinta – Lake Elsinore – Mecca – Menifee – Mira Loma – Moreno Valley, Mountain Center – Murrieta – Norco – North Palm Springs – Nuevo, Palm Desert – Palm Springs, Perris – Rancho Mirage – Riverside – San Jacinto – Sun City – Temecula – Thermal - Thousand Palms – White Water – Wildomar – Winchester .

Retirement planning, IRA Help, tax planning, financial planning in SAN BERNARDINO COUNTY :

Adelanto – Angeles Oaks – Apple Valley – Barstow – Big Bear City – Big Bear Lake – Bloomington, Blue Jay – Cedar Glen – Cedarpines Park – Chino – Chino Hills – Colton – Crest Park – Crestline, Daggett – Fawnskin – Fontana – Forest Falls – Grand Terrace – Green Valley Lake – Helendale – Hesperia – Highlands – Hinkley – Joshua Tree – Lake Arrowhead – Landers – Loma Linda - Lucerne Valley – Lytle Creek – Mentone – Montclair – Morongo Valley – Needles - Newberry Springs – Ontario – Oro Grande – Phelan – Pinon Hills – Pioneertown - Rancho Cucamonga – Redlands – Redlands – Rialto – Rim Forest – Running Springs - San Bernardino – Sky Forest – Sugarloaf – Trona – Twentynine Palms – Twin Peaks – Upland, Victorville – Wrightwood – Yermo – Yucaipa – Yucca Valley .

Retirement planning, IRA Help, tax planning, financial planning in SAN DIEGO COUNTY :

Alpine – Bay Park – Bonita – Bonsall – Borrego Springs – Boulevard – Campo – Carlsbad - Chula Vista – Clairemont – College Grove – Coronado - Del Mar – Descanso – Downtown – Dulzura, East San Diego – El Cajon – Encanto – Encinitas – Escondido – Fallbrook – Grantville – Hillcrest, Imperial Beach – Jacumba – Jamul – Julian – La Jolla – La Mesa – Lakeside – Lemon Grove - Linda Vista – Logan Heights – Mission Village – National City – Normal Heights – North City West, North Park – Ocean Beach – Oceanside – Pacific Beach – Palomar Mtn – Paradise Hills - Pauma Valley – Pine Valley – Point Loma – Potrero – Poway – Ramona – Ranchita - Rancho Bernardo – Rancho Penasquitos – Rancho Santa Fe - San Carlos – San Diego - San Marcos – San Ysidro – Santa Ysabel – Santee – Scripps Ranch – Solana Beach - South San Diego – Spring Valley - Spring Valley – Tierrasanta – University City – Valley Center, Vista – Warner Springs .

Retirement planning, IRA Help, tax planning, financial planning in VENTURA COUNTY :

Bell Canyon – Camarillo – Fillmore – Moorpark – Newbury Park – Oak Park – Oak View – Ojai Oxnard – Piru – Port Hueneme – Santa Paula – Simi Valley – Somis – Thousand Oaks – Ventura Westlake Village .

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