Bohemia, NY (PRWEB) September 28, 2013
Chris Hobart, founder and CEO of Hobart Financial Group, an RIA firm, comments on an article published by CBS Boston on September 20th, which details how many young workers are putting off saving money for retirement.
According to the CBS Boston article titled “Don’t Wait To Start Saving For Retirement,” most young workers believe they have a long time to save for retirement, so they can start saving later in life. However, the article says retirement planning should start with your first job. While most 20-somethings don’t have a lot of money to contribute to their retirement fund, the article says people who put away around $1,000 each year until they collect their full Social Security benefits at age 67 could leave them with around $500,000 in their savings.
Chris Hobart, founder and CEO of Hobart Financial Group in North Carolina, says it’s imperative for young workers to understand the need to save money for retirement as early as possible.
“Young people are the future of our economy, but their retirement is looking pretty grim,” he says. “It’s really important that people begin saving for retirement as soon as they enter the work force. As Social Security benefits continue to deplete, workers should have other options for generating retirement income.”
Hobart advises workers to speak with a retirement investment advisor (RIA) to strategize how to grow funds for retirement. “An RIA, like the ones we have here at Hobart, are able to make investment plans customized to the client's needs,” he says. “If they are young, we can work with them to find a product that can help their funds grow over time into a lucrative investment. Either way, it’s always good to have the advice of an RIA so you can ensure a comfortable, stress-free retirement.”
Hobart Financial Group is an independent North Carolina financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.