Andrew Russell CFP was recently asked to help with a story for Investor Business Daily on how to get those under 50 to begin saving for retirement. He was quoted saying the following, “Young adults think they have plenty of time to invest in retirement, and often have trouble when long-range investing competes with short-term goals like buying a house or car,” said Andrew Russell, managing partner at Dean Roland Russell in San Diego. “I remind them that retirement planning is just as important as their short-term goals, that no one else is saving for their retirement. But it can be difficult to sell them on that.” To read the full article click here.
From Andrew: We take retirement planning with our clients very serious. We are often asked, “How much do I need to retire?” The answer is always the same– it depends. How much you have saved? How much longer do you plan on working? Any large inflows or outflows (i.e. inheritance, healthcare costs, pensions, etc.)? And finally, how much will you spend each year in retirement? Together we will help you answer these questions and put your mind at ease when it comes to retirement.