Legacy Financial
Retirement Ideas
Questions You May Have
- Where do I start saving for retirement?
- How do I start saving for retirement?
- Am I currently saving enough to get to retirement?
- How long will my retirement savings last?
- Am I even going to be able to retire?
Preparing for retirement requires knowing the answer to these questions and so much more
Frequently Asked Questions
When should I start saving for retirement?
Start saving for retirement as soon as you can. Beginning early means you can save smaller amounts yearly to meet your goal, and compounded interest lets you earn on both your investment and the accumulated interest over time.
Can I access my retirement savings whenever I want?
If you can, let your money grow over time. Taking money out of retirement accounts early may lead to penalties, so explore other options first. When changing jobs, it's often wise to roll over your money into a new employer's plan or into an individual account.
How much should I be saving?
Your retirement savings depend on when you want to retire and your desired lifestyle. Consider factors like travel plans and housing preferences to estimate your expenses. An agent can assist in creating a tailored retirement plan that accounts for essential costs and enjoyment expenses, adjusting it as necessary.