Retirement Planning for Dummies ***IMPORTANT*** Retirement Income Planning for Dummies

What is retirement planning for dummies – What is a retirement plan for dummies 1-800-566-1002 http://www.RetireSharp.com . What are the best types of retirement planning for dummies and learn how you can avoid the most common mistakes that individuals have made when looking to set up a retirement distribution planning for dummies.

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This video discuss is retirement planning for dummies specifically regarding retirement income. There are Three main stages to retirement planning for dummies. The first retirement planning for dummies stage is figuring out your income. The second retirement planning for dummies stage is making sure that you have enough emergency funds available throughout your retirement. The third retirement planning for dummies stage is maximizing your growth and inflationary protection from now until your date of death.

When trying to figure out the income stage it is most important to understand what your expenses are, this is the crux of everything. When you understand what your expenses are then you know the number that you have to plan for. Next, you take a look at your current cash flow situation in retirement, what is your Social Security income projected to be? Do you have a pension and is that pension currently coming to you or going to be coming to you throughout retirement? Do you have any other income sources? When adding up all of your cash flow income streams and then looking at your expenses you can understand whether you have a gap in your retirement planning for dummies or if you have suffice that gap.

When looking at the emergency stage the rule of thumb is to determine what your expenses are on an annual basis and either have that much in retirement sitting in liquid cash or half of that amount. These funds are geared for an Armageddon scenario so that you could easily pull monies in case of an emergency to better your retirement planning for dummies situation.

Lastly, the ultimate goal is to have as much money as possible leftover in the growth and inflationary stage. These are your fund monies, these are the monies that you were trying to accumulate understanding that you were in come stage an emergency stage have already been covered. We show different ways on how to accomplish each one of your three steps when calling into our agency.

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