Oh, what a difference a year (or two) makes! The age you choose to retire can make or break your best-laid plans. Why? Because this decision affects your finances in 2 ways. First, by waiting a year, you delay spending your retirement nest egg by one year. Second, not only do you delay spending your retirement savings, but you gain another year to put more money away for your retirement.

How do most people decide?
Recent industry research* found the usual reasons people choose a retirement date include; the thought that they had reached a socially acceptable age to retire, had unpleasant experiences at work, were offered generous retirement packages, or they had reached the age their parents retired. While these emotional reasons are very real, this study shows that very few people select a retirement date after they’ve determined (through a financial analysis) that they have accumulated enough savings to sustain them through retirement. In other words, it seems age, rather than assets, is the normal gauge used to determine a retirement age.

Do Your Numbers Add Up?
You can approach retirement with a greater peace of mind with a thorough retirement income analysis made available to all of our members through Financial Partners Investment Services program. This analysis will walk you through the many risks retirees face including longevity (living longer than planned), inflation, market volatility, low interest rates and healthcare costs. Don’t make the mistake of just making an intuitive decision about retirement. By combining your intuition, with a thorough look at your “numbers”, you can approach retirement with a game plan, not worries. Call Financial Partners Investment Services at 800.950.7328 ext. 1698 to set up your complimentary retirement analysis today.

Visit us at www.fpcu.org or call us at 800.950.7328 to schedule an appointment with a representative.