Retirement Planning Information

You are planning for your retirement and are wondering what is the “right” size nest egg for you to live comfortably. What factors are to be taken into consideration to help you determine that? Where do you turn? Here is a helpful guide to issues involving retirement planning information.

One thing you need to know is that in this area there is no cut and dried question and answer. There are not many simple yes and/or no answers involved. This means that there are many variables to take into consideration.
· One involves the vast array of professionals available to assist you. There are CFP’s (Certified Financial Planners) and/or financial planners, investment counselors, CPA’s (Certified Public Accountants) and/or accountants, bankers, etc.
· Check into their background and then choose the one you are most comfortable with.
· Being comfortable with your retirement planner is essential for your successful retirement planning.

The determination of the proper amount of nest egg depends on each individual and/or family. Here is some of the retirement planning information you need to think about:
· One needs to ask themselves what their goals and accomplishments are upon reaching retirement,
· What type of lifestyle do they desire?
· What amount of traveling, if any, is desired?
· What amount of expenses need to be met before enjoying other areas, etc.?
· You need to know your personal preferences and goals for your retirement planning.

An important point to emphasize in determining the proper nest egg amount, according to the investment firm of Edward Jones, is
· “at a minimum, a retirement tool other than an employer-provided retirement plan is needed.”
· These tools include IRAs, dollar cost averaging (putting a fixed amount each month into stocks, bonds, mutual funds, etc.) and real estate — to name a few.