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Do I have enough for retirement?

The prospect of saving for and creating income in retirement can be a stressful and frightening topic for many people.  As our infographic clearly shows—just living makes it hard to save!

So, when you are faced with a retirement that could last for 22.5 years or more that requires over $1 Million dollars to fund, how can you get started on a path to success?

Start retirement savings early to end comfortably:

The sooner you start saving for retirement the longer you will have to increase your retirement assets and reach your retirement goals.  Establish a plan to save for retirement from every paycheck and build in savings increases so that as you earn more you can save more.

How can you save more than $1 Million dollars for retirement?  Here’s one way to get there:

how to save one million dollars

Sources:
• Age based savings rates—The Economic Times Wealth Issue—July 16-22, 2012
• $45,000 Average income for 25 year olds with a bachelors degree—National Center for Education Statistics—Fast Facts 2014
• Assumes salary increases by 2.5% each year.
• Assumes 3.6% interest earned each year.
• 2014 IRS maximum tax-deferred contribution limit $17,500
• 2014 IRS 50+ Catch-up Contribution limit $5,500

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*Franklin Templeton RISE Survey, 2014

If you would like to schedule a complimentary, no obligation retirement planning consultation, Click Here…. to submit your request via the Contact Form.

Someone from my office will be in touch within the next 24 hours.


Meanwhile, please visit My Financial Website:

www.rosefinancialsolutions.com

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