Latest News / Retirement in Sight - September
Retirement in Sight - September
September 19, 2016
Can You Determine Your Ideal Retirement Income by Formula? Retirement income formulas can serve as a starting point or simple estimation of the amount of money you may need per month or year, but other factors may influence those needs as well. Some articles state that you need to live on 70% or 80% of your end salary in retirement, but such rules of thumb may prove simplistic. Claims that you need to amass a certain amount to retire comfortably today can also gloss over some key retirement planning variables. For example, when and where do you think you will retire? Leaving work a few years earlier (or later) will affect your income planning. So will retiring to another location. There are retirees who move to more affluent areas with higher costs of living, even as they move into smaller homes. Do you want to travel quite a bit, or pursue a particularly expensive hobby or passion? Fulfilling those dreams might require more income than you now imagine. How about inheritances, bonuses, or selling your company? These potential cash infusions can decrease income needs, just as health crises or eldercare can increase them. A good retirement planner may help you determine your needs in a way that simple math may not.1 Chronic Inflammation: The Cause of Too Many Maladies? Obese or overweight baby boomers (or those who eat large amounts of red meat and carbohydrates) may be inviting chronic inflammation. We have all experienced acute inflammation, like when the body rapidly manufactures white blood cells and bruises in response to an injury. Chronic inflammation, however, occurs when the body does this regularly. Some studies have linked chronic inflammation to increased risk of strokes, heart conditions, dementia, kidney disease, and arthritis. Can you combat it? Yes, and the methods to do so are rather simple. They boil down to lifestyle choices. Eating a vegan or Mediterranean diet and scaling back or cutting out red meat and fast food can help. Exercise has been recommended, and a 2015 study noted an association between inadequate sleep and chronic inflammation – getting seven to eight hours of shuteye per night seems to assist the brain in wiping out toxic proteins accumulated during the day.2 On the BRIGHT SIDE According to a new Transamerica survey, 83% of baby boomers contribute to workplace retirement plans. Their median contribution? An impressive 10% of their salary.3
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.
CITATIONS. 1 - money.usnews.com/money/blogs/on-retirement/articles/2016-08-18/7-reasons-retirement-income-formulas-may-not-work-for-you [8/18/16]
2 - nextavenue.org/the-invisible-condition-thats-dangerous-to-your-health/ [3/25/16]
3 - cbsnews.com/news/boomer-retirement-plans-good-bad-and-ugly/ [9/7/16]
4 - todayifoundout.com/index.php/2011/04/killer-whales-are-actually-dolphins/ [4/26/11]
Securities and insurance products are offered by Cetera Investment Services LLC (doing insurance business in CA as CFG STC Insurance Agency LLC), member FINRA/SIPC. Advisory services are offered by Cetera Investment Advisers LLC. Neither firm is affiliated with Centier Bank where investment services are offered. Advisory services may only be offered by Investment Adviser Representatives.
Securities and insurance products offered by Cetera Investment Services are: *Not FDIC insured * May go down in value * Not financial institution guaranteed * Not insured by any federal government agency * Not deposit products.
Investment Executives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.