Lehigh Valley - Retirement Planning
William P. Trembler
Lincoln Investment Planning
Registered Investment Advisor
Broker/Dealer Member NASD/SIPC
One East Broad Street, Suite 440
Bethlehem PA 18018
(610) 691-6800 (800) 314-4828
Fax - (610) 691-8735
Personalized retirement counseling
Retirement Planning Retirement planning is very important for everyone because we all need to allocate our finances for our eventual retirement. This retirement plan normally means that we need to set aside money or other assets to obtain a steady income at retirement. The goal of retirement planning is to achieve financial independence when we leave the day-to-day workforce. Everyone really should sit down with a financial planner to asses their financial situation and what finances they will need for their retirement.
Two common methods that many people employ to save for their retirement planning are individual retirement accounts (IRAs) and 401(k)s. The different types of plans have different features, but most of them allow you to defer taxes on the money you save and the returns you earn within the account. If your planning for financial independence at retirement time is strictly Social Security and / or a traditional employee pension plan you might want to consult a financial planner. Most professional retirement planners will tell you that you will need to factor in other sources of income for retirement. You need to start planning today for generating additional income for retirement. You never are too young to start saving for retirement because the sooner you begin saving money, the more time your money has to grow.
A good financial planning tool for you to use to determine your savings target for retirement is to use an online calculator. The calculator can help you figure out how much money you should accumulate and how much you must set aside to reach your targets for retirement. Remember to update your calculation each year to determine if you planning is on target for your retirement.