It is frightening to learn that an increasing percentage of older people are forced to retire without having the wherewithal to sustain their lifestyles. In many cases people have planned and saved for their old age, but the recession and other factors simply eroded their capital. It is equally frightening to learn that the vast majority of people younger than thirty have made no provision for their retirement years. It is very important to seek advice from a professional annuity advisor in Connecticut.
Studies have shown that most pensioners that are able to maintain a relatively worry free lifestyle have maintained a retirement plan for many years. Young people live with the illusion that there is lots of time. Nothing can be further from the truth. Experts agree unanimously that it is vital to start planning for retirement the moment a person starts earning a wage or a salary.
Many people only start paying attention to their retirement plans once they reach middle age. Many defer pension planning because they have debts and bonds to pay. However, if savings only commence in middle age the monthly contributions can be very high. Many people skimp on their pension contributions in order to pay college fees for their children, for example.
Another common mistake made by too many people is to believe that the pension plan offered by an employer is all that is needed. Pension plans are certainly valuable but they need to be supplemented with a variety of other savings and investment schemes. Only those with a carefully planned portfolio can hope to retire comfortably.
Trying to manage a retirement portfolio personally can easily become a very big mistake. The factors influencing the financial markets are volatile and very complicated. Amateurs can easily be misled by promises of high interest rates and eventual earnings, only to learn that they have lost their capital. It is much safer to ask a professional financial consultant to develop a comprehensive plan that will ensure the financial security of the entire family.
It goes without saying that a financial consultant should be chosen with extreme care. Experts agree that it is best to appoint an independent professional that have no ties with any specific financial institution. In this way it would be possible to gain an objective opinion about the various products offered by the various finance houses. The chosen professional should enjoy an outstanding reputation and should be properly registered.
Asking a professional to manage the financial affairs of the family does not mean that the investor should not be involved. It is vital to make sure that the plan is adjusted as the needs of the family change. The performance of the portfolio should also be checked regularly and any uncertainties should be addressed immediately.
Everybody should be able to spend their last years without financial worries and without being dependent upon the charity of loved ones. This can only achieved with careful planning and savings from a young age. By paying careful attention to the finances of the family every breadwinner can secure a safe financial future.
Studies have shown that most pensioners that are able to maintain a relatively worry free lifestyle have maintained a retirement plan for many years. Young people live with the illusion that there is lots of time. Nothing can be further from the truth. Experts agree unanimously that it is vital to start planning for retirement the moment a person starts earning a wage or a salary.
Many people only start paying attention to their retirement plans once they reach middle age. Many defer pension planning because they have debts and bonds to pay. However, if savings only commence in middle age the monthly contributions can be very high. Many people skimp on their pension contributions in order to pay college fees for their children, for example.
Another common mistake made by too many people is to believe that the pension plan offered by an employer is all that is needed. Pension plans are certainly valuable but they need to be supplemented with a variety of other savings and investment schemes. Only those with a carefully planned portfolio can hope to retire comfortably.
Trying to manage a retirement portfolio personally can easily become a very big mistake. The factors influencing the financial markets are volatile and very complicated. Amateurs can easily be misled by promises of high interest rates and eventual earnings, only to learn that they have lost their capital. It is much safer to ask a professional financial consultant to develop a comprehensive plan that will ensure the financial security of the entire family.
It goes without saying that a financial consultant should be chosen with extreme care. Experts agree that it is best to appoint an independent professional that have no ties with any specific financial institution. In this way it would be possible to gain an objective opinion about the various products offered by the various finance houses. The chosen professional should enjoy an outstanding reputation and should be properly registered.
Asking a professional to manage the financial affairs of the family does not mean that the investor should not be involved. It is vital to make sure that the plan is adjusted as the needs of the family change. The performance of the portfolio should also be checked regularly and any uncertainties should be addressed immediately.
Everybody should be able to spend their last years without financial worries and without being dependent upon the charity of loved ones. This can only achieved with careful planning and savings from a young age. By paying careful attention to the finances of the family every breadwinner can secure a safe financial future.
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Individuals in need of the services of a professional annuity advisor should consider using this website. There is no better time than now to check out this professional on http://www.annuity-advisor-ct.com.
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