Most of us know it's smart to save money for those big-ticket items, like a new TV, car or home. However, you may not realize the most expensive thing you'll buy in your lifetime is probably your retirement.
Maybe you've never thought of "buying" your retirement, but that's exactly what you do when you put money away for the future. Given Social Security's uncertain future, longer life expectancies and decreasing employer contributions, saving for retirement has never been trickier.
Regardless of your income, you can afford to retire comfortably if you make a plan now. Developing a solid financial plan and getting help from a professional who knows the ins and outs of investing and saving is a good start.
Some of the areas a professional can help with include:
- Calculating your net worth asset growth and asset liability. Other factors calculated include real estate, automobiles, investment accounts and more.
- Avoiding financial setbacks and dealing with major life changes Thought that baby would cost a whole lot less? The cost of raising a child is about $250,000 for the first 18 years. One kid.
- Avoiding debt and credit problems “The car salesman advised us to trade up.” How to avoid buying more rubber than you can chew.
- Helping you decide where to put your money Almost 9,000 stocks are traded in the United States. Now you know how throwing a dart at a board became an option.
There are an overwhelming number of choices for saving and investing your money and a planner can help you navigate those options and achieve financial success. Creating a robust, realistic plan will help you stay on track to have the retirement you want.
Download the Consumer Guide to Financial Planning.
Financial Planning Tips & Resources
» BLOG: Let's Talk Planning » Financial Planning Guides » Working with a Financial Planner » Find a CFP® Professional
MORE TIPS & RESOURCES
See more at: http://letsmakeaplan.org/working-with-a-financial-planner/setting-financial-goals#sthash.oKC5p2f3.dpuf