Retirement Plans

LongSchaefer knows that many individuals don’t start thinking about retirement as early as they should. After all, retirement is far down the line, why worry about it when you’re young? But we have the experience and insight to know the problems with that kind of thinking. That’s why as part of our array of personal financial services, we offer personal financial planning. This extends to helping you determine and set up the retirement plan that’s best for you.

We want you to be able to live financially free, which means that alongside being able to afford your dependents’ college education, your investment goals, and the security of your family, we want you to be able to retire as comfortably as you deserve. Read on to learn more about what you can expect to discuss during a free consultation with one of our financial advisors.

Evaluate Your Situation

As the first step in paving your financial future, you’ll need to evaluate your current situation. You can’t start saving for retirement plans if you’re still checking between the couch cushions for pizza money. Evaluating your financial situation in order to save for retirement plans entails a handful of things. You’ll want to take stock of your current assets. This is a quick but important step.

You’ll also want to assess your potential Social Security retirement benefits. This will require some honest estimations of your wages and where you see yourself in the coming years. One of the benefits of trusting Longschaefer’s financial planning services is that we help you consider a variety of situations. Over the years, we’ve learned that preparedness and an ability to anticipate potential outcomes can really help you in the long-run.

Considering retirement plans will also require that you determine what your living costs will be at the time of your retirement. You need to have some idea of what you will need to have saved away in order to comfortably accommodate your lifestyle. While you can find tools online to help you come up with this figure, consider coming visiting with a LongSchaefer financial advisor in one of our free consultations. We offer a level of experience and skill that you won’t find with an online calculator.

Choose a Plan

There is a variety of individual retirement plans available, which span from basic IRAs to employer-sponsored individual plans. Deciding which best suits your situation is another step which requires a lot of informed foresight. You’ll want a plan that ensures you’re able to live comfortably as you contribute while also ensuring that you’ll be able to live comfortably in retirement. Longschaefer advises that you seek the help of a trained and educated financial advisor to figure out what kind of retirement plans will allow you to live the lifestyle you’ve earned.

Discuss Retirement Plans with LongSchaefer

Longschaefer offers free consultations because we trust that you’ll see the benefits of our knowledge and experience. Let us help you lay the foundation for your future--visit with a Longschaefer financial advisor today. You can email us with the form below, or you can give us a call at (513) 854-0217.