Retirement Planning The best time to begin planning for retirement is now. Sifting through retirement options, the details of your own finances, and determining how best to merge the two takes a lot of strategizing. Many people choose to put it off simply because the thought of doing so is daunting, or the thought of retirement seems too distant for present-day consideration. Delaying retirement planning, however, will only lead to lost time, lost earnings, and lost wealth. Rather than feel overwhelmed, or miss out on time spent expanding your savings, speak with a local retirement planner. Through financial review and personalized planning, we can help make retirement as stress-free as possible, even before it has begun. Why is Retirement Planning Important? Save – Now, while it is wise to save in a standard savings account for general purposes, your retirement savings should be explicitly allocated to a retirement savings account to make the most out of your retirement savings funds. Retirement savings accounts allow your money to grow in a tax-efficient way.Get-to-Know Your Needs – A key component in retirement planning is knowing and understanding your income needs when you retire. This is one reason why it is so important to plan. If you have everything mapped out ahead of time, it is easier to make sound financial decisions in the moment.Maximize Contributions – If your employer offers a retirement account(s), take advantage of it. Maximize your contributions. Many employers will match a percentage of employee contributions to employer-sponsored retirement plans.Get an IRA – Get an Individual Retirement Account (IRA). While a 401(k) or other employer-sponsored retirement savings account is good to have, it will not take care of all of your retirement needs on its own. It is essential to use multiple retirement savings outlets to ensure that your retirement plan will work for your needs when it comes time.Why Use A Retirement Planner? – While it is important to know and understand your retirement plan, all the information available to pre-retirees and retirees can be a bit overwhelming. It is most essential to bring in an expert who will help you each step of the way, leading you to your best financial future.