Top 5 Things You Need to Do to Retire Financially Secure

8:37 pm Retirement Planning

A recent Investor Index Survey by TD Ameritrade found that a third of baby boomers are financially unprepared for retirement.  But those who are prepared had these five traits in common:

  1. Limited use of credit
  2. Saving early and consistently
  3. Limited discretionary spending
  4. Excellent salary during employment
  5. Maintaining a well-balanced investment portfolio

In addition, the survey found that the three biggest factors affecting retirement preparedness include:

boomer1 Top 5 Things You Need to Do to Retire Financially Secure

One of the largest factors for boomers prepared for retirement was that their parents talked to them about money management and saving for retirement.  They also started saving younger than those who are unprepared for retirement – starting at age 30 vs. 35.

Contact us today and let our Newport Beach law firm help you with all your financial planning needs.

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