“A market downturn, like the one in early January 2016, can spook investors and cause them to move money that really should be left alone to recover from the volatility,” Doerhoff states
Dallas,TXl Kansas City, MO; St. Louis, MO; Columbia, MO; Jefferson City, MO (PRWEB) January 28, 2016
Bert Doerhoff, CPA, founder of Aura Wealth Advisors, provides insight into a recent news report from USA Today stating Americans are bolstering their retirement plans and becoming more prepared for an extended life span.
The report, based on a survey of 4,650 individuals by Fidelity, found that 45 percent of Americans are prepared to cover their basic living expenses for retirement. This means that they can pay for shelter, food and healthcare costs in their late adulthood, based on their current savings plan. In 2013, the last time the survey was conducted, only 38 percent of Americans met this base requirement for retirement savings.
Likewise, the number of households that need to make adjustments in order to plan adequately for retirement decreased to 32 percent from 43 percent in 2013. However, about one-third of Americans are still failing to prepare for retirement.
Many factors contribute to the increased savings rates for retirement, including an improved economy and Americans becoming more aware of the importance of saving for retirement. Many investors are becoming increasingly educated about the individual nature of saving; it is up to each individual to secure their future.
Doerhoff notes that getting started early is one of the keys of careful retirement planning. “Starting too late in life means you have to do most of the saving rather than letting your money have time to work for you and grow while you work.” Doerhoff also mentions another reason why it is critical to save money early in a career: an unexpected health problem could move an investor into retirement long before planned.
Doerhoff adds that even during times of market fluctuations, Aura Wealth Advisors encourages investors to observe the basic tenets of successful retirement planning, such as starting early and investing for the long term. “A market downturn, like the one in early January 2016, can spook investors and cause them to move money that really should be left alone to recover from the volatility,” he says.
About Bert Doerhoff:
Bert Doerhoff, CPA, the founder of Aura Wealth Advisors, is a fee based investment advisor who works with families and small business owners to help them protect and grow wealth for life. He designs comprehensive tailored investment solutions with strategic defensive investment approaches that retain growth potential. Guided by fiduciary standards, he works with clients to build a legacy and deliver ever increasing cash flow in retirement that will protect their lifestyle from the effects of inflation.
Contact Bert Doerhoff, CPA, by email at bdcpa(at)AccuBiz(dot)net; by phone at (573) 634-4006; or learn more at http://www.AuraWealth.com.
Bert Doerhoff, CPA
Aura Wealth Advisors
1301 Southwest Blvd.
Jefferson City, MO 65109