How much are you putting away for retirement? This article examines one area (actually, there are many) that may conflict with one’s ability to invest a sufficient sum for retirement.
You have probably read that the sooner you begin saving, the better, because the magic of compounding can make you wealthy. But what if you don’t start early and still want to accumulate a nest egg that will carry you through your retirement years? The article below shows the amount you must save and the amount you must earn annually to reach $1,000,000. The assumption is that you contribute to a 401(k), and eventually max out your annual contributions.
Retirement brings on a significant change of life. Schedules change. Routines change. Responsibilities change. As a result, we can feel a lack of purpose and loss of daily contact with those with whom we worked. Add to all those changes, a significantly increased amount of time with your spouse. The linked article below offers some good ideas for preparing for increased time together and not letting all of the other changes in your life change what is most important.
My goal for this blog is to provide information and help as many people as I can to have a successful retirement and to make informed financial decisions for retirement.
The opinions expressed on this site are those solely of Danny Holder and do not necessarily represent those of Capital Retirement Planning, LLC, or Capital Retirement Insurance Planning, LLC. Danny Holder is registered as an investment advisor and licensed as an insurance agent in Texas. Capital Retirement Planning, LLC is registered as an investment advisor in Texas and only transacts business in states where properly registered or licensed, or is excluded or exempted from securities registration requirements. This website is intended for informational and educational purposes only and does not constitute a complete description of the investment services or performance of CRP. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. A copy of CRP's Part II of Form ADV and privacy policy is available upon request. This website is in no way a solicitation or an offer to sell securities or investment advisory services. Mr. Holder and CRP disclaim responsibility for updating information. In addition, Mr. Holder and CRP disclaim responsibility for third-party content, including information accessed through hyperlinks. No graph, statistic, or market condition described can be used to make an investment decision. An investment decision should only be made after a consultation with a qualified investment advisor.