June 2018 Blog Posts
June 15, 2018
Financial Planning For Living Longer
Nearly half of families have no retirement account savings. That fact, courtesy of the Economic Policy Institute, just tells part of the story. Those families that do have money tucked away is far less than they need to retire. Roughly 35% of adults in the U.S. only have a few hundred dollars in their accounts, while another 34% are living paycheck to paycheck.
Fortunately, it’s never too late to start planning for retirement. The more time you have is better, but professional financial planning may be the key you need to get your retirement savings on track. A qualified CPA can not only help you get started with retirement planning, but can help maximize the money you do put away.
CPA Retirement Planning Benefits
How much money should you be putting away each payday? Which is the best financial instrument to use? Do my contributions need to change over time? These are all great questions that a CPA can answer to help you make the most out of your retirement planning. Using a CPA for your retirement planning has a host of additional benefits including:
- Creating strategies to keep and grow your retirement account balance
- Developing a backup plan to cover unpredictable and unfortunate events
- Identifying expenses that could occur during retirement and create a plan to eliminate any shortage in income
Financial Services So You Don’t Outlive Your Savings
Retirement is the time to relax and enjoy yourself after decades of work. Unfortunately, many Americans aren’t prepared financially for retirement and end up working far longer than they intend. Regardless of your age, seeking financial services now is a great first step to make sure that you don’t outlive your savings. In addition to retirement planning, a CPA can also help with:
- Elder planning to ensure comfort and peace as you age
- Estate planning to ease estate transitions
- Education planning for future generations
It’s never too late to start planning for retirement. Get started by contacting BIG today.
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