RETIREMENT

How much will you need for Retirement?

Where will it come from?

Some of the greatest challenges of Retirement Planning are: starting too late, failing to commit sufficient resources and either, investing too conservatively or too aggressively.

Shortly before the 2008-2009 market downturn, a retirement survey completed by Merrill Lynch indicated that Americans, on average, had only $40,000 in retirement savings. Twenty-five percent (25%) of those surveyed had no retirement account at all. During the past 5 years, these average balances have been adversely impacted. So clearly, there is going to be a shortfall of available retirement income dollars for many people.

A recent survey from the "Retirement Living Newsletter" reported that more than

9 out of 10 Americans say "they expect to rely on Social Security as their

primary source of income in retirement." Other sources such as pensions,

personal savings, investments, a part-time job, the sale of a home or business,

an inheritance and insurance payouts where anticipated to play a minor role.

A recent survey by Wells Fargo reveals that the number of labor

force participants over age 65 has increased by approximately

twenty-two percent (22%) in the past three years! Many

individuals who had planned to retire by age 65 are being

forced to reconsider.

Please don't become one of these statistics. Call Larry Allan today

@ 941-323-7544 or email us at ltummonds@larryallan.com.