Retirement May Not Come Easy
If you sit around waiting for retirement to arrive you may be waiting for a very long time. As the baby
boomers reach the typical retirement age far too many of them are finding out the hard way that
retirement does not come easy.
While it is true that we have safety net programs in place such as Medicare and Social Security you are
probably not going to get very far on your Social Security check alone.
This average will always be a bit different as people pass away while others become eligible for the
program. But in the beginning of this year the average monthly Social Security check or direct deposit
was just $1230.
Medicare is indeed going to be a big help with your medical bills when you reach the age of eligibility
(which is 65 at the time of this writing) but it is not something that comes to you entirely free of costs.
There are deductibles and premiums that must be paid and they can erode your modest Social
Security income considerably.
If you want to be able to retire in comfort these programs alone are not going to do the trick. You
must have some additional financial resources available to you as well.
Careful advance planning coupled with the financial discipline to stick to the plan are required. If this
makes sense to you, the first step is to sit down and devise a comprehensive strategy for aging with a
licensed and experienced Central New Jersey retirement planning attorney.
Your lawyer will gain an understanding of your ideal retirement vision, evaluate your financial
capabilities, and devise a plan that leads to the attainment of your goals.
Experienced estate planning attorneys Warren NJ of the Augulis Law Firm offers estate planning and
business planning resources to residents of Warren, NJ. To learn more about these free resources,
please visit www.augulislawfirm.com/ today.