Eddie Patel, President
Action Investment Services, Inc.

Retirement Income

Money after Work

At its core, the word retirement equals freedom.

• The freedom to travel
• The freedom to chase the dreams you could not while working
• The freedom to go where you want to go, whenever you want to go there

Most People Envision Retiring Before Age 65

If those are the freedoms you want from your retirement, then you aren't alone. This model would be desirable to anyone. In fact, we estimate that over two-thirds of Americans envision retiring at or before the age of 65. However, the following stats were administered by the Employer Benefit Research Institute in Washington D.C.

• Only 27% of workers are very confident that they will have enough money to live comfortably throughout retirement; 29% of those surveyed admitted that they are either not too confident or not confident at all.
• 51% of workers aged 55 or older have total savings and investments less than $100,000.00
• About 1/4 of workers believe they need to save less than $250,000 to achieve a comfortable retirement

Retirement Saving Often Doesn't Make it to the Top of the List

We don't find these numbers to be surprising. In general, most people have not found it prudent to develop a sound retirement savings plan. Although we hear it all the time, "Retirement is our #1 savings goal.", the truth is most of us have difficulty juggling all of our financial obligations, and all too often, the retirment savings ball gets dropped. Most people view retirement as a distant point in the future.

This viewpoint makes it extremely easy to set retirement aside in favor of more current financial demands like new homes, college education for the kids, vacations, medical expenses, new cars, and daily living expenses.

30% of Your Life Will be Spent in Retirement

If you consider that the fastest growing segment of the population is those age 85 and over, then you need to realize that exactly 1/3 of your natural life, may be spent in your retirement. Think about all the the things that happened from the time you were born, until the time you were 30. That’s a long time!

Retirement Planning Must Play a Strategic Role

We are here to tell you that the reality is retirement planning cannot be postponed or perceived as an option or luxury. Retirement planning can not consist of putting aside the dollars that you have left after all other obligations have been met. Rather, retirement planning must take a strategic, reasoned effort to ensure that you can provide for your own retirement.

Let Us Help You Reach Your Goal

No matter where you are at, Action Investment Services wants to help you reach your goal of a freedom filled retirement. It's never too soon and its never too late to start.

Contact Us today.