Retirement: How Much Is Enough?

Determining how much you will need to retire and if your current savings program is on the right track depends on many things … including your current age, age you want to retire, your income and your goals, etc. Take advantage of some of the retirement plan calculators available today to help you find out. Check out our retirement plan calculator as well as the following:

CNN Money: http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp

MSN Money: http://money.msn.com/retirement/retirement-calculator.aspx

BankRate: http://www.bankrate.com/calculators/index-of-retirement-calculators.aspx

Reaching my retirement goals

Successful retirement planning is not a one-step procedure, but rather an ongoing process that can include many things such as:

• Savings – Save something from every paycheck. No matter how small the amount. Automatic savings, whether it’s directly from your paycheck or a transfer from checking to savings, can be a great way to make sure that happens.
• Employer-Matched Retirement Account – If your company has a 401(k) plan that includes the company matching a portion of your contribution, take full advantage and contribute the maximum amount.
• Individual Retirement Account (IRA) Savings – A Traditional IRA or a Roth IRA can be a wise choice to help you save for the future. Click here to see which one is right for you.
• Talking to a professional to make sure the investments you choose are in line with your goals and comfort level! As your money grows, be sure to coordinate your savings efforts in order to enhance your results.