The places you picture yourself exploring, and the people you intend to spend it all with—if you can imagine the way you want to retire, you can plan for it.
With employer pensions on the decline and economic uncertainty, retirement planning is more important than ever. At Veltrix Trust, we can help you understand exactly how much you'll need to retire the way you want and develop an income strategy to get you there.
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Where can retirement income come from?
Beyond traditional investments, here are some more places where you can find money for retirement:
- Put money away now for a guaranteed income later with annuities.
- Use living benefits from your whole life insurance policy after you stop working.
- IRAs and your employer's 401(k) plan are good ways to save for retirement today.
When should I start saving for retirement?
While having a 401(k) or IRA is a great start, a solid financial plan takes a closer look at the income you have coming in and the amount you'll need to supplement. The earlier you start planning, the longer you have to build up your savings. But even if you plan on retiring in the next year or two, there's time to get prepared.