Many people who are ready for retirement (beginning at age 62 or 66) continue to work. This is the non-retirement generation. There are a few reasons for this. In some cases, they have a need for additional income; Others feel the need to stay relevant and engaged is strong. Gone are the days for current retirees where the company honors them with a golden watch. They don’t retire into the sunset of a tropical paradise or play nine holes a day on a selected golf course.
The modern retirees continue to work and earn funds to supplement their benefits. Many planned to retire the way their parents did. However, an ever-changing financial landscape, fluctuations the market and a change in attitudes toward after-work life has modified their plans.
As retirees realized that the benefits would not be adequate to cover expenses, many made new plans. However, some were not able to do so. They found they would have to continue to work. They might have avoided this with better preparations although no one could have foreseen what would happen.
Those who planned on their own might have benefited from help from a Certified Financial Planner (CFP). These professionals are in the business of creating strategies for what might happen in the market. They are able to help navigate unseen events. Although CFPs cannot predict the future, they study trends and can be helpful in building a balanced approach to investment. This approach can offset many of the market variations.
Les Merritt and his staff have been helping individuals to prepare for retirement for decades. Give Les Merritt, CFP, a call today at (919) 269-8553 to get help with your financial planning. Begin the summer with a great plan that will keep you sheltered through your future and prepare for retirement whatever your plans are.