The Retirement Fitness Challenge: Shape Up Your Finances and Make Your Money Last a Lifetime
In the past, most Americans have relied on personal savings, Social Security, and private pensions to provide income after they retire. Many factors currently threaten this practice. Social Security may be around when you retire; however, the income from social security may not be enough to sustain your standard of living through retirement. The number of companies providing traditional pension plans is dwindling. With life expectancies increasing people must find ways to fund those additional years of retirement. It is never too early to start planning for retirement and the earlier you plan the easier it will be to achieve your goals.
The Retirement Fitness Challenge program will help you determine if you are on track for retirement with your savings and how to convert your savings to an income stream that will cover your expenses during retirement.
You will come out of The Retirement Fitness Challenge with a written plan detailing:
- How you will use your assets to cover your expenses during your retirement.
- How you will combat inflation.
- How to minimize risk in your portfolio.
- How to maximize the income you receive from Social Security.
- How to include tax advantaged strategies in your financial plan.
- How to prepare for rising health care costs in retirement.
- How to best pass money to your loved ones.
