Retirement Planning

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Retirement is a major concern for most people today. People are living longer and have to plan for more retirement years than previous generations. Social Security is less certain than in the past, and corporate retirement plans are changing in ways that leave us increasingly responsible for saving and investing for retirement. It's never too early or too late to start preparing for retirement; your Hantz Financial Services (HFS) advisor can help you design a retirement game plan that suits your needs and budget.

A retirement game plan will help you identify whether you will have enough resources to make your goal a reality. Retirement resources include Social Security benefits, employer sponsored pension and defined contribution plan (such as a 401k), traditional or Roth IRAs, and personal savings. When deciding your retirement age, you need to consider how much you've saved, your desired retirement lifestyle, and your life expectancy. Today's increased life expectancy makes saving for retirement challenging: the more years you'll need to fund, the more you'll need to save. To make sure that you don't outlast your money, you should assume that you'll live for a long time.

One of the most important decisions you need to make is how you'll invest your retirement dollars before and during retirement. Your retirement portfolio should be designed with risk and return considerations; historically, investments with higher returns have higher risk exposure. A well-diversified portfolio will help you contain your risk exposure while attempting to realize your rate of return. Diversification does not assure a profit or protect against loss in a decreasing market. Once established, your portfolio should be reviewed and adjusted regularly. Your HFS advisor can help you design and manage your retirement portfolio.

While volatility is the most important risk, it is not the only one. Your retirement game plan should also address:

• Taxes. Utilizing tax-reduction strategies such tax-deferred and tax-exempt investments can improve your overall retirement picture. The dollars that are not paid in taxes can be invested to provide additional retirement income in the long run.
• Health Care Costs. Health-care costs are growing at a much faster pace than inflation; at the same time, fewer employers are offering their retirees health coverage. Make sure that your retirement plan includes appropriate funding for health-care costs in retirement.

There is no better day than today to start planning for retirement, and HFS financial advisor can help get you started.

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Please note that Hantz Group, Inc. is the parent corporation to a number of wholly or partially owned subsidiary companies, including but not limited to Hantz Financial Services, Inc. (a broker-dealer/mortgage broker), Hantz Tax & Business, LLC (an accounting and tax preparation company), Hantz Agency, LLC (an insurance agency), Hantz Commercial Insurance Agency, LLC (specializing in insurance for businesses), PLUS Agency, LLC (an impaired insurance agency), Hantz Benefit Services, LLC (an employee benefits agency), Hantz Lending, LLC (a mortgage broker), Hantz Software, LLC (a computer software company); Hantz Technology, LLC (a computer technology company), Hantz Group Sports & Entertainment, LLC (sports and entertainment), Hantz Group Racing, LLC (stock car racing), Hantz Soccer USA, LLC (indoor soccer), Hantz Farms, LLC, (an urban farming company), DiLaura Brothers, LLC (a bowling distributorship), Bowling IQ, LLC (a bowling training center), Hantz & DiLaura Properties, LLC (owners of a bowling property); United Beverage Group, LLC (a beverage company), Hantz Air, LLC (a charter aircraft company), Hantz, Rhoades & Doehrer, LLC (an accounting firm), Hantz Titus Urbanski, LLC ( an accounting firm), Hantz Ewald, LLC (an accounting firm), Hantz Real Estate Ventures, LLC (a real estate holding company), 1540 South Holland Sylvania, LLC (a real estate holding company), Hantz Golf, LLC, Hantz Golf Club of Tecumseh, LLC.