The things you see yourself doing when 9–5 no longer belongs to someone else. The places you picture yourself exploring. The people you intend to spend it all with. If you can imagine the way you want to retire, you can plan for it.
With employer pensions on the decline and uncertainty surrounding Social Security, retirement planning is more important than ever. At impactinvestment.com , we can help you understand exactly how much you'll need to retire the way you want, and develop an income strategy to get you there. We'll look at your expenses, priorities, and goals and help you put your money to work, so you can take some well-deserved time off.
Beyond traditional investments, here are some more places where you can find money for retirement:
We often hear about the importance of starting early to save for retirement, but it's hard to visualize the difference that starting early can make. Regardless of the rate of return (as long as it's greater than zero) a person who only saves from ages 25–35, will always have considerably more money by age 60, than the person who saved from ages 35–60. Thanks to compounding interest, you can end up with more money, after saving for fewer years, as long as you start earlier.