It is that time of year when we look back to see if we stayed on track and how close we came to realizing our goals. Working with clients at any age, one goal that is universal is that of retirement. When we are younger, we inch along, and those funds we squirrel away into our retirement accounts don’t seem like they will ever amount to much. Tools and Calculators
By the same token, when we are young we have other goals that take precedence. As we accomplish those goals we pass hurdles which tell us that those extra funds devoted to house payments, children’s educations, etc. should now be directed towards the retirement goal.
Take an end of year assessment of what you have dedicated to your retirement account. What was its value on January 1 and where is it now? How does the growth compare to previous years, taking into account that you have added to it? Also, don’t forget about your Social Security Benefit.
Retirement planning is serious business. Just because it is long-term planning, poor performance should not be excused by market volatility. Stay on top of it and expect results.