It is frightening to learn that an increasing percentage of older people are forced to retire without having the wherewithal to sustain their lifestyles. In many cases people have planned and saved for their old age, but the recession and other factors simply eroded their capital. It is equally frightening to learn that the vast majority of people younger than thirty have made no provision for their retirement years. It is very important to seek advice from a professional annuity advisor in Connecticut.
Studies have shown that most pensioners that are able to maintain a relatively worry free lifestyle have maintained a retirement plan for many years. Young people live with the illusion that there is lots of time. Nothing can be further from the truth. Experts agree unanimously that it is vital to start planning for retirement the moment a person starts earning a wage or a salary.
A very large percentage of people only realize the need for retirement planning when they reach their middle ages. To start at this age holds many implications, however. A proper pension plan that consists of a balanced portfolio can easily cost up to half the income of the contributor. This is also the age where medical bills are more frequent and where children need to be sent to college.
Most large employers offer their employees a pension plan. The problem is that far too many see this as adequate. This is not the case as many newly retirees have found to their shock and dismay. It is necessary to build a portfolio that consists of several policies and savings plans that will ensure a steady income during retirement.
One of the biggest mistakes people can possibly make is to think that they are able to manage their retirement portfolios personally. The financial markets are incredibly complex and few laymen understand the various factors that drive the market. The best course of action is to seek help from a professional financial consultant. Such a professional can develop a flexible plan that takes the unique needs and requirements of the client into account.
It goes without saying that a financial consultant should be chosen with extreme care. Experts agree that it is best to appoint an independent professional that have no ties with any specific financial institution. In this way it would be possible to gain an objective opinion about the various products offered by the various finance houses. The chosen professional should enjoy an outstanding reputation and should be properly registered.
Asking a professional to manage the financial affairs of the family does not mean that the investor should not be involved. It is vital to make sure that the plan is adjusted as the needs of the family change. The performance of the portfolio should also be checked regularly and any uncertainties should be addressed immediately.
Everybody should be able to spend their last years without financial worries and without being dependent upon the charity of loved ones. This can only achieved with careful planning and savings from a young age. By paying careful attention to the finances of the family every breadwinner can secure a safe financial future.
Studies have shown that most pensioners that are able to maintain a relatively worry free lifestyle have maintained a retirement plan for many years. Young people live with the illusion that there is lots of time. Nothing can be further from the truth. Experts agree unanimously that it is vital to start planning for retirement the moment a person starts earning a wage or a salary.
A very large percentage of people only realize the need for retirement planning when they reach their middle ages. To start at this age holds many implications, however. A proper pension plan that consists of a balanced portfolio can easily cost up to half the income of the contributor. This is also the age where medical bills are more frequent and where children need to be sent to college.
Most large employers offer their employees a pension plan. The problem is that far too many see this as adequate. This is not the case as many newly retirees have found to their shock and dismay. It is necessary to build a portfolio that consists of several policies and savings plans that will ensure a steady income during retirement.
One of the biggest mistakes people can possibly make is to think that they are able to manage their retirement portfolios personally. The financial markets are incredibly complex and few laymen understand the various factors that drive the market. The best course of action is to seek help from a professional financial consultant. Such a professional can develop a flexible plan that takes the unique needs and requirements of the client into account.
It goes without saying that a financial consultant should be chosen with extreme care. Experts agree that it is best to appoint an independent professional that have no ties with any specific financial institution. In this way it would be possible to gain an objective opinion about the various products offered by the various finance houses. The chosen professional should enjoy an outstanding reputation and should be properly registered.
Asking a professional to manage the financial affairs of the family does not mean that the investor should not be involved. It is vital to make sure that the plan is adjusted as the needs of the family change. The performance of the portfolio should also be checked regularly and any uncertainties should be addressed immediately.
Everybody should be able to spend their last years without financial worries and without being dependent upon the charity of loved ones. This can only achieved with careful planning and savings from a young age. By paying careful attention to the finances of the family every breadwinner can secure a safe financial future.
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Individuals in need of the services of a professional annuity advisor should consider using this website. There is no better time than now to check out this professional on http://www.annuity-advisor-ct.com.