 There are two major issues surrounding retirement that cause people a great deal of stress:
- Running out of money
- Downgrading lifestyle as retirement progresses
While these two fears top the lists, other fears include: lacking the ability to pay for increasing healthcare costs and inflation eroding savings.
While there are no fast resolutions to these concerns, Equity FS understands the nature of the challenges that lie ahead. We know that with patience and planning these fears can be minimized or eliminated.
Keys to Success
Everyone needs a retirement plan. The common threads that weave through all plans provide the keys to success. The following factors help make a successful plan:
- Retirement income. How much will you be earning when you retire? Many retirees take on a part-time job not only for the money, but also to help them maintain their value and purpose.
- Will you age to be 100? While the length of a person’s life is often difficult to predict, expectations of age will help determine many factors in retirement. How long were your parents and grand-parents alive?
- Quality of life. Do you live off of a $100 a week or $100 a day? What are your expectations for retirement? If you want to spend 10 years traveling the world it is best to start packing away the money now.
- Security and safety. Are you conservative by nature or do you take risks? A walk-in-the-park investor invests slowly and cautiously. A bungee jumping investor may take a great leap of faith in hopes of a strong return.
- Health. There is always the need to recognize concerns surrounding health. Rising health care costs may make the comfortable, uncomfortable and a stretched budget, snap under excessive weight. Are you prepared?
- Dependants. Who in your life depends on you? You must construct safety nets for those who rely on you.
Equity FS is here to help. We can work with you to ensure that you are well prepared for the next stage of your life. Talk to us today. |
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NO FEES for debits.
NO FEES for bill payments.
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No minimum balances.
We know you have better things to spend your money on. Equity FS treats you right with NO FEE Banking.
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Retirement Planning Tools
Retirement Planner
Do you know what it will take to create a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Click Here...
Life Expectancy Calculator
How much you need for retirement depends a great deal on how long you expect to live. This calculator can give you an idea of your life expectancy based on your current age, smoking habits, gender and several other important lifestyle choices. Click Here...
Investor Profile Questionnaire
No two investors are alike. This Investor Profile Questionnaire is designed to help you outline your investment objectives and your investment personality. Remember that there is no such thing as a right or wrong answer. Click Here... |
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