JD Mellberg Advises Public to Focus On Retirement Even in These Hard Times

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JD Mellberg advises retirees to "be prepared" based on a July 2010 study conducted by the Employee Benefit Research Institute (EBRI) stating that 64 percent of American’s at the lowest income levels will run out of money in 10 years.

Annuities, Financial Advisor, Investing, Estate Planning

JD Mellberg Financial

I strongly urge the American public to take their future in their hands, get educated about their retirement options and act in their best interests.

In today’s stark economic climate, JD Mellberg Financial (JDM) would like to remind the American public to still make retirement preparation a priority in their lives. And the sooner, the better.

“There are many variables one needs to take into account when preparing for retirement. Just some include inflation, unexpected medical expenses and just plain realizing one’s dream retirement,” said JDM President Josh Mellberg. “The sooner one plans for a worry-free retirement, the more likely it is that those dreams will come true.”

“Now more than ever,” Mellberg continued, “the Boy Scout motto of ‘Be Prepared’ holds true. It’s simple math that, even if you put aside a few dollars every month, over time your savings will grow, and the longer you save the larger it becomes. Everyone should try to do this.”

According to a July 2010 study conducted by the Employee Benefit Research Institute (EBRI), 64 percent of American’s at the lowest income levels will run out of money in 10 years. On the other end of the spectrum, the EBRI concluded 29 percent of those in the highest income bracket will run out of money in 20 years.

Unfortunately, many people still view Social Security as their primary source of income during retirement, despite its seeming shaky financial future. Even if its existence holds true, according to its Quick Calculator benefit estimator (available online), a person making $35,500.00 per year who expects to retire in 2034, should bring in about $2,808.00 per month, adjusted for inflation. In today’s dollars, that amount is equal to just $1,236.00 in spending power.

Mellberg concluded, “I strongly urge the American public to take their future in their hands, get educated about their retirement options and act in their best interests.”

In addition to benefits calculators, the Social Security Administration has an extensive guide to retirement planning, located at http://www.ssa.gov/retirement/. Or, those looking to learn more about how they can best plan for retirement can visit http://www.AnnuityNational.com or directly speak to a licensed, JD Mellberg financial advisor by calling toll-free, 1-877-801-9858.

JD Mellberg Financial, a limited liability company, works to ensure a financially secure and enjoyable retirement for its clients through a guaranteed income-for- life. It achieves this with secure investment vehicles and the latest in tax-advantaged strategies that garner high earning power and minimal risk. For more on JD Mellberg, call 520-731-9000, visit http://www.annuitynational.com on the Internet or write to JD Mellberg Financial; 1785 E. Skyline; Suite 131; Tucson, AZ; 85718.

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Fabiano Moura
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