Start Now to Get Ready for Retirement
October 16th to 22nd is National Save for Retirement Week. That's a good time to start thinking about how much you need to provide yourself with a comfortable retirement.
To get ready for a retirement that could potentially last for 25 years or more, you must begin setting aside assets now. In a recent retirement survey, only 33% of those surveyed said they had put together a detailed retirement plan. And 37% said they didn't know how much money they would need to retire or how long they might need to live on what they had saved.*
Talking with a First Investors Financial Services Representative can answer some of those questions and help you take responsibility for your future. He or she can also help you determine how much you need to set aside to fund a comfortable retirement. Your representative can then recommend a portfolio of mutual funds, annuities and life insurance to bring you closer to achieving your retirement goals.
In another survey of investors planning their retirement, 89% of respondents said they wanted to help allocating their investments and 86% needed guidance on calculating their financial needs during retirement.** At First Investors, we can offer you that assistance. We can also show you how getting an early start on saving for retirement will allow you to benefit from the power of compounding. A longer time horizon will also give you more time to ride out the inevitable market cycles.
Take the first step toward putting yourself on the path to the retirement you've always wanted. Talk to a First Investors representative about how you can start setting aside money today to help you provide for a comfortable retirement.
*Retirement Fitness Survey, Wells Fargo, December 2010.
**"Shedding Light on Retirement," ING Retirement Research Institute, April 2011.
