Retirement

Saving for Retirement

Retirement is a major concern for most of us today. We're living longer-meaning we have more retirement years for which to save and invest. By 2010, the average U.S. life expectancy will be an estimated 78+ years, according to the National Center for Health Statistics 2003. Social Security is less certain than in the past. And corporate retirement plans are changing in ways that leave us more responsible for saving and investing for retirement.

How can you best prepare to reach your retirement goals?

When it comes to planning for retirement, the earlier the better. Even so, it’s never too late to begin. An HFS Financial Advisor can help you plan for retirement with a straightforward program based on:

• An effective investment strategy—With the help of your HFS Financial Advisor, you can define your retirement goals, identify opportunities to fund your retirement account and analyze research that can help you make appropriate investment decisions.
• Taking advantage of qualified plans, 401(k)s, 403(b)s, IRAs¹, can help your funds grow faster or be worth more when you need them.
• Focus on your asset allocation more than individual investments—Several studies have concluded that how you invest your money is more important than the individual investments returns.

¹To find out more about Individual Retirement Arrangements (IRAs) please see IRS publication 590 http://www.irs.gov/pub/irs-pdf/p590.pdf