Are You Getting Prepared For Retirement?
When you are immersed in your career during your working years it is understandable
that you may be living in the present as you address all the twists and turns that come
your way. But the reality is that time flies, and years become decades before you know
it. It may seem as though you have plenty of time to plan for your retirement, but the
truth is that the sooner you get started the better. If you don't plan well in advance, you
may find yourself totally unprepared when the time comes.
Recent statistics compiled via an Associated Press-LifeGoesStrong.com poll paint an
interesting and alarming picture. The baby boomer generation is reaching retirement age,
and as a result there are some 10,000 people applying for Social Security every day, and
this is supposed to continue for the next two decades. Unfortunately too many of them
are simply not ready.
According to the poll, 24% of baby boomers have no retirement savings at all. Over
60% of the people who responded to the poll said that Social Security is going to be the
cornerstone of their retirement. In 2010 the average monthly Social Security payout was
$1072, and it would seem that cuts are in store if you are following the news. So when
you combine the fact that the majority of baby boomers are going to be relying on Social
Security with the fact that government austerity has become a priority you're looking at a
You can continue to ignore this issue if you want to, but those who enjoy their retirement
years in financial comfort are not "lucky." Most of them were not born with silver
spoons in their mouths either. Those of us who are prepared for retirement plan in
advance, and whether or not you want to be one of these individuals is a decision that
only you can make.
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd
offers estate planning and business planning resources to residents of Reno NV. To learn
more about these free resources, please visit http://www.probatebusters.com today.