There are 4 questions you should ask yourself before you begin planning your retirement. These questions include:
- When are you planning to retire? Time until retirement is a critical starting point!
- What is the time horizon for your retirement savings? 1 in 4 65 year-olds will live beyond ago 90.
- How much money will you need in retirement? Most planners recommend 70-80% of current income.
- What is the appropriate investment asset allocation for you? Equities? Fixed incomes? Start planning today.