Bohemia, NY (PRWEB) December 14, 2013
Chris Hobart, the CEO of Charlotte retirement planning firm, Hobart Financial Group, responds to an article published by USA Today, which lists three must-dos to maximize retirement goals.
According to the USA Today article titled “Three Must-dos to maximize retirement goals,” retirement planning has changed significantly over the last few decades. The days of pensions and company retirement plans are gone. Today, the majority of Americans are responsible for their own retirement planning. With pension plans disappearing, Americans have much to worry about when planning out their retirement. The article lists three must-dos in order to ensure a happy, worry-free retirement.
- Make goals. It may seem obvious, but given the shaky future of social security, setting monetary goals has become a necessity. The average American should have about $1 million in the bank before they start to pull the money out.
- Perform quarterly check-ups on their retirement planning progress. In the article, certified financial planner Anton Bayer says, “I recommend people take their quarterly statement and make a 30 minute appointment with yourself or spouse. Go to a coffee shop, or somewhere outside of the house, and sit down to review the statement. This is hopefully going to be a million-dollar account, so take it seriously. This applies to even a $600 account. It's the process that you want to instill."
- Take advantage of 401(k) plans. 401(k) plans will likely be the future of retirement planning, replacing pensions. A 401(k) plan is a pension offered by some employers in which the employer and the recipient both contribute to the fund. In this day and age, if you are able to secure any extra money from your employer, you must take advantage of the opportunity.
Chris Hobart, CEO of Hobart Financial Group, a leading Charlotte retirement planning firm, says that these “must-dos” are smart retirement goals. “The hardest part of retirement planning is getting started. Unfortunately, retirement planning is such a daunting task for many Americans, and most do not even make an attempt at planning. These three ‘must-dos’ are a good place for people to start their retirement planning journey.”
Hobart also says too many Americans do not consult experts while retirement planning. “While these must-do goals are important, sometimes consulting a retirement advisor can give you insight into other options available to generate income. It is important for Americans to remember that they don’t have to tackle retirement planning alone. There are many services on the market to help people make an individual retirement plan based on their specific financial situation."
Hobart Financial Group is an independent 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.