Six Things to Consider When Choosing a Retirement Planner |
Posted: August 12, 2017 |
According to exert retirement planner Jeran Jaurigue - If you are over the age of 40 it is never to early to start thinking about your retirement planner. You may not feel like you will ever escape work at that age, but it will come sooner than you think. Remember when it seemed like you would never get out of school? Where does all the time go? I am about to detail six key elements you need to consider when planning for retirement. You ready? Let’s go. Retirement Planner - Factor #1 Current Age Jeran Jaurigue recommends the first thing you need to consider is your current age. You must have a starting point in which you begin your plan of action for retirement. You should start a solid retirement plan at least five to seven years before you plan to actually retire. Retirement Planner - Factor #2 Desired Retirement Age This factor in your retirement planner will be your desired retirement age. Jeran Jaurigue states “...this will usually range between 55 and 65 years of age. The most common retirement age in the United States is 62 years of age." Retirement Planner - Factor #3 Life Expectancy This is the hardest element of a retirement planner to factor in says Jeran Jaurigue, but when putting together a retirement plan you should figure that the average life expectancy for a man is 85 and for a woman the average age is 85 as well. Retirement Planner - Factor #4 Current Income Now you need to figure in what your current income is now. Not what you want it to be, but what do you and your spouse currently earn on an annual basis. Jeran Jaurigue strongly advises you to make sure that you are counting only the income that you know will last up to and possibly through the point that you retire. Retirement Planner - Factor #5 Typical Annual Raise How much do you feel your income will increase as you reach the age of retirement? Jeran Jaurigue says “...again this is difficult to figure, but the national average shows that most people increase their annual income by three to four percent each year." Retirement Planner - Factor #6 Desired Annual Income When Retired This is the best part of the retirement planner. How much do want to be making when you retire? You must start thinking about the type of retirement life you plan to lead. Will you travel? What will you travel in? Jeran Jaurigue wants you to know that all of these factors are important when putting together the proper retirement plan for you and your spouse. If you need more helpful information on Retirement try visiting Advocates For Retirement a business that specializes in providing helpful tips, advice, and strategies to structure your financial future. You will likely be speaking to Jeran Jaurigue or his wife Nicole Jaurigue.
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