Financial Tip of the Day:
No matter where we are in our careers, retirement planning is critical. So many individuals put off dealing with this issue until their options are greatly diminished – or non-existent. Many clients I’ve worked with had no retirement savings. And I know there are millions more in the same situation. Considering the uncertainty of the social security system, it is absolutely necessary to take steps to become financially self-sufficient during retirement.
Take time to review your current retirement savings plan. And if you’re eligible for an employer offered retirement plan and are not enrolled, make that a priority for the next open enrollment period. But you don’t have to wait until open enrollment to see what options are available, or to start planning out what you can contribute. The sooner you start, the better. Your future self will thank you! This guide can help you figure out which plan works best for you: Best Retirement Plans: Choose the Right Plan for You.