it's not uncommon to live in retirement for 20 or 30 years. Finding the funding to support those years has become, for many, an exercise in futility.
Greenwood Village, CO (PRWEB) July 18, 2008
WealthRidge offers free whitepaper to get people on track for a successful retirement: Facts You Need To Know About Retirement Planning.
More than 65% of all retirees have saved less than $100,000, and that's nowhere near enough money for retirement. Michael Snowdon, CFP®, financial planning partner in WealthRidge says, "it's not uncommon to live in retirement for 20 or 30 years. Finding the funding to support those years has become, for many, an exercise in futility." Why? Here's an example.
An individual who wants to have the equivalent of a $75,000 per year income in retirement, plans to retire in 15 years, and lives for 30 more years, may need as much as $2 million to fund the desired retirement income.
Health care expenses are another significant factor. A recent study suggests that a couple who reaches age 65 will need more than $200,000 to pay for their retirement health care expenses. With fewer company pensions, and living expenses at all-time highs, saving enough money for retirement can seem to be an impossible task.
There are solutions. People can achieve their goals. WealthRidge would like to help. The retirement planning whitepaper provides answers to how much money will be needed for retirement, how much will healthcare cost, how much can retirees safely withdraw from their retirement portfolio to make sure it lasts as long as they do. Facts You Need To Know About Retirement Planning also identifies the tools that are available to save for retirement, along with some cautions about what not to do.
For additional information, contact Michael Snowdon or visit http://www.wealthridge.com.
WealthRidge is an independent fee-based financial planning firm in the Denver metro area. Our mission is to help clients achieve their goals and dreams by providing skilled financial expertise with absolute integrity. Principals Louis Llanes, CFA and Michael Snowdon, CFP® have more than 30 years of financial planning and investment management experience.
Michael Snowdon, CFP®
info @ wealthridge.com
Phone: (888) 326-5557