Retirement planning is an important process in determining how you will live your life after you stop working.  In trying to best describe in a succinct manner how best to plan for that future, we have three main principles which we address to guide you.

Work hard.

The premise has been instilled in us since we were born. If you want something, you need to work for it. This premise works for your career as well. Pick the career that interests you, work hard at that career and reap the benefits. The ability to enjoy your career while earning an income to enjoy your lifestyle is just one part of life. While you continue to work hard, and your income grows, so does your ability to put some of that income into your retirement planning. In addition, working hard has other benefits as well. It makes you feel good by being a productive part of the world and sharing your talents with those around you.

Live long. 

According to data compiled by the Social Security Administration, a man reaching age 65 today can expect to live, on average, until age 84, while a woman can expect to live, on average, until age 86. In addition, about one in four 65 year olds today will live past age 90 and one out of 10 will live past age 95. Not bad!

Planning for this longevity is a significant aspect to a successful retirement. No one wants to be worried about money when they are in their 80s or 90s. Plan accordingly for a possible 30-year retirement. Living longer also comes with some possible additional expenses, including healthcare costs. But addressing this issue when you are in your 40s and 50s will certainly benefit your 80-year-old self.  Remember the key to a happy retirement is being about to maintain your lifestyle throughout this duration without running out of money.

Plan right.

Establishing a financial plan is paramount to being successful with your future plans. Being aware of what your needs and goals are for your retirement and establishing a path to achieve those goals will allow you to feel confident for your future. And having a financial advisor who works with you as a coach to ensure that you stay on the right path is an integral part of being successful.

Work hard. Live long. Plan right.

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