We will share our resources with you. |
You could use our tools to start making your plan.
Here, you’ll find a variety of calculators and articles to help you plan and estimate your retirement income. As always, reach out to us if you have any concerns or questions — we’re here for you every step of the way and want to be a resource for you!
Calculators
Retirement Income Strategies
“Will I outlive my savings in retirement?”
Turning 50 is a major milestone. Halfway to the century mark, you're more than halfway to retirement. It’s time to take stock of where you are in relation to your retirement goals. If you haven't been serious about planning for retirement up until now, that needs to change. You should review your current retirement savings and determine whether you're saving enough. If not, the good news is you have time to make changes that can get you there.
This is also the time to think about the issues you'll face once you’re no longer working. There's a big difference between saving and spending. It's much more difficult to recover from financial mistakes as you get older.
This is also the time to think about the issues you'll face once you’re no longer working. There's a big difference between saving and spending. It's much more difficult to recover from financial mistakes as you get older.
Do your homework to minimize your risks.
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According to the Employee Benefit Research Institute, 36 percent of employees have almost no retirement savings.
If you don't have as much saved as you should, there are ways to contribute more now to have enough later. Once you turn 50, the IRS allows you to increase the maximum annual contribution you can make to both your IRA and 401(k) accounts. This is called a “catch-up” contribution. The limits can change annually, so double-check how much you can add. It can be tempting to chase higher returns, but those usually come with higher risk levels that you may not be able to tolerate at this stage. It also wouldn't hurt to start reducing expenses. At the very least, it's good practice for when you get older and have a smaller income. The money you save from not being as extravagant can also go into retirement vehicles. Try to reduce any outstanding debts. If you have a mortgage, consider paying it off early to get that expense out of the way before you retire. |
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We could help you navigate the complexities of retirement income planning.
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This pre-retirement stage is an exciting time. But it can also seem complicated. We haven’t even really scratched the surface on this page — there are Social Security benefits, Medicare, defined benefit pensions, 401(k)s, and much, much more to consider. We could help you navigate that world; we live in that world every day.
You may be at the peak of your career and enjoying working; you may begin wrapping up your career and transitioning to retirement. In either case, now is your chance to make sure you have everything in place for when you do retire and to make sure you are able to enjoy it. |
Call us at (858) 279-4516.
Download your complimentary "10 Steps to a Successful Retirement" guide today!
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Alternative Solutions Insurance Services, Inc.
8340 Clairemont Mesa Blvd., #103 San Diego, California 92111 Ph. (858) 279-4516 Fx. (858) 279-4511 Em. [email protected] CA Ins Lic # OD32817 |
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Licensed insurance professional. This information has been provided by a Licensed Insurance Professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 19145 - 2019/8/15
Our agency does NOT provide legal or tax advice. We have community partners we work with to provide our clients with tax and legal servicesThe insurance agent can provide information, but not advice related to social security benefits. Clients should seek guidance from the Social Security Administration regarding their particular situation. The insurance agent may be able to identify potential retirement income gaps and may introduce insurance products, such as an annuity, as a potential solution. Social Security benefit payout rates can and will change at the sole discretion of the Social Security Administration. For more information, please consult a local Social Security Administration office, or visit www.ssa.gov.
Our agency does NOT provide legal or tax advice. We have community partners we work with to provide our clients with tax and legal servicesThe insurance agent can provide information, but not advice related to social security benefits. Clients should seek guidance from the Social Security Administration regarding their particular situation. The insurance agent may be able to identify potential retirement income gaps and may introduce insurance products, such as an annuity, as a potential solution. Social Security benefit payout rates can and will change at the sole discretion of the Social Security Administration. For more information, please consult a local Social Security Administration office, or visit www.ssa.gov.