Dependable Retirement Planning Advisors

Eugene Retirement Planning

Eugene retirement planning is all about putting all the pieces together to make the perfect picture for when you retire. Whether this involves extensive traveling, real estate purchases, trips to visit the grandkids or anything else, Eugene retirement planning companies are designed to help you get to where you want to be. When it comes to planning for your future, it's never to early to start thinking about an Oregon retirement. Eugene, OR residents of all ages can benefit from speaking to a Eugene planning expert about planning for the future and making the most out of your senior years.

If you are a little confused about your pension plans, then join the club. Fewer than half of all Americans have adequately calculated how much they will need for retirement. What this means is that you are definitely not alone. One of the ways to ensure that you are ready for the day you retire is to start saving early.

Eugene Retirement Planning Advice

When it comes to Eugene retirement planning there are several options. The most common type of retirement plan for Eugene, OR residents is a 401(k) which is offered through your employer. A 401 (k) allows you to contribute some of your income for your retirement. One of the biggest benefits to contributing to a 401 (k) plan is that your taxes will be much lower. Make sure you save enough for yourself and your current living expenses and then dump as much as you can afford into your 401 (k). You will be grateful you need later down the road.

Keep in mind that a 401 (k) plan is only one of the many options. Be sure to speak to someone at your place of employment about how their employer pension plan works. What happens if you change jobs? Is there an individual benefit statement? What is covered by the plan? What happens if you marry or divorce? All of these things will make a huge difference to your Eugene, OR retirement fund and thus is a big part of successful Eugene retirement planning.

Make sure you also look into other Eugene retirement planning options besides the traditional pension plans. Social security benefits, for example, can pay for a large sum of money when you retire. Look into other types of investments such as property and stocks. You may also want to take out an IRA which allows you to contribute $5,000 per year of tax-free money for your retirement. A Roth IRA and a traditional IRA are different so look into both investment types when doing Eugene retirement planning.

Prepare for your Golden Years

Another thing you need to do when looking into Eugene retirement planning is think about what you will need. It can hard to plan that far ahead and no one wants to make a 'bucket list' before they have even hit 30, but this is a good way to ensure that you have the money needed to live your life the way you want it and reach all those goals you have hoped to reach. Whether you want to retire in Eugene, move outside of Oregon or even head overseas depends on your individual goals and dreams.

It is suggested that you will need anywhere from 70 to 90 percent of your pre-retirement income to maintain a decent way of life during your golden years. This may seem quite steep but goods are going to rise and you will need to make up for this. Furthermore, you will also be spending a lot more money with all that extra spare time. Outings for lunch, coffee breaks, visits to see the grandkids - all of these things will add up quickly.

Furthermore, if you want to do a bit of travelling when you retire, then you need to think about how this will reflect your savings. While you may not have a mortgage to pay each month or a bunch of kids to support, you do have other goals that will cost money. Taking a cruise can set you back $10,000, for example. Flying overseas to visit your daughter in Australia is another $10,000 trip. When you don't have a regular income coming in, you need to budget for all of these trips ahead of time.

Eugene Financial Planning Made Easy

One of the biggest ways to get ahead when it comes to Eugene retirement planning is to ask questions. This is your future we are talking about and you should be in complete control of what is happening to your money. Speaking with a financial planner in Oregon can make the process of planning for your future a lot clearer. You will be able to set realistic goals and see the big picture ahead. This can make planning and preparing a much more attainable thing to do.

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Retirement Planners In Eugene

Matt Adams
Matt Adams
432 W. 11th Ave
Eugene, OR 97401

Nate Oeming CFP, AIF
Nate Oeming CFP, AIF
2282 Oakmont Way
Eugene, OR 97401

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