Long life is a blessing, but it comes with a tremendous financial responsibility: ensuring your money lasts throughout your retirement years. SMI's Bonus Report on IRAs, 401(k)s, and Social Security will equip you with the knowledge to build a secure future.
None of us knows when the Lord will come or call, but the table below shows the average life expectancy for people of various ages. Look at the 65-year-old line.
The key takeaway? You'll likely spend a couple of decades (or more) in retirement. So you need to plan to financially support yourself well into your 80s — or, better still, into your 90s.
SMI's Bonus Report on IRAs, 401(k)s, and Social Security will help you overcome the three most common retirement-planning mistakes:
Lack of awareness
Lack of knowledge
Lack of a plan
The three-legged stool of retirement income
In the U.S., a financially secure retirement typically rests on three pillars:
Social Security benefitsUnfortunately, Social Security's ability to pay promised benefits is in doubt, and future benefit reductions are almost inevitable.
Employer-based plans For many, an employer-based plan — such as a pension or 401(k) account — will provide significant retirement income, but plans vary widely by employer.
Personal savings & IRAsThis is your most controllable leg. Given potential Social Security shortfalls and the variableness of employer plans, it's crucial to have robust personal savings.
Our free report explains how to grow your retirement wealth and steadily build financial security.
Download SMI's free Bonus Report today
Procrastination is usually the most significant deterrent to reaching financial goals. Commit yourself now to taking steps to solidify your retirement finances.
Download our free Bonus Report on IRAs, 401(k)s, and Social Security.
Don't need it for yourself? Pass it on to a friend or loved one!
