The Elder and Disability Law Firm, APC
Tortoise Approach Can Yield Positive Results
On behalf of The Elder and Disability Law Firm, APC on Tuesday, September 9, 2014.
As the story of the tortoise and the hare demonstrates, if you are consistent over a long period of time as you aim toward reaching your desired destination you should have success. This is something to keep in mind when it comes to retirement planning.
Some people go forward living in the moment without giving retirement a second thought. One of the reasons why they do so is because of the fact that they expect to be receiving Social Security when they reach the age of eligibility.
The truth is that Social Security will only provide a very limited amount of income. If you want to actually be able to stop working and enjoy your free time someday you are going to have to plan ahead and work within a cogent financial framework in an effort to accumulate an additional financial underpinning.
According to a poll that was conducted by the Associated Press in conjunction with Lifegoesstrong.com last year most baby boomers from households that earn less than $50,000 annually had saved absolutely nothing for retirement. The median for all poll respondents was just $40,000.
The tortoise took small and consistent steps to reach its goal. Even if you put away a modest percentage of your earnings, if you do so for 20, 30, or 40 years it will certainly add up to something significant.
If you want to be able to live the retirement dream you have to plan ahead intelligently. Should you be interested in creating a pathway that leads to financial success, take a moment to arrange for a consultation with a seasoned, savvy San Bernardino retirement planning lawyer.