Paid Content by Jewell Robinson Insurance and Financial Services – Planning for Retirement


BURNING POWER FOR THE BRANDS THE STYLES THAT FITS LET ME ASK YOU A PERSONAL QUESTION IF I ASK YOU TO THINK ABOUT YOUR GOLDEN YEARS YOUR RETIREMENT WHAT’S THE FIRST THING THAT COMES TO MIND DO YOU. SHE JUST AT THE THOUGHT OF IT BECAUSE YOU KNOW YOU’RE NOWHERE NEAR WHERE YOU NEED TO BE FOR IT. OR DO YOU REST COMFORTABLY KNOWING THAT YOU’RE GOING BE ABLE TO ENJOY THOSE DAYS CAREFREE WITH A NICE CASH CUSHION. HOW ABOUT IF WE GET SOME INSIGHT THIS AFTERNOON TO MAKE SURE THAT YOU’RE IN THAT LADDER CATEGORY WITH US THIS AFTERNOON FOR ANOTHER ROUND OF FINANCIAL GEMS WITH JEWEL THIS IS FINANCIAL SPECIALIST JEWEL ROBISON WITH YOU WILL ROBINSON INSURANCE AND FINANCIAL SERVICES. THANK YOU SO MUCH. THANK YOU FOR HAVING ME AGAIN. I WANT TO QUESTION NUMBERS WITH YOU. LET ME ASK IS 65 STILL CONSIDERED THE IDEAL RETIREMENT AGE. ABSOLUTELY. SIXTY FIVE IS STILL THE IDEAL RETIREMENT AGE. WE CAN USE A FEW ESTIMATES TO KIND OF CURRENT SOME NUMBERS THIS TIME. OKAY SO THE AVERAGE LIFESPAN FOR A MAN RIGHT NOW IS RIGHT AROUND 70 SEVEN YEARS AND THE AVERAGE LIFESPAN FOR A MALE FOR FEMALE IS EIGHTY ONE YEAR. SO WE CAN USE THOSE STATISTICS ALONG WITH THE AVERAGE HOUSEHOLD INCOME OF SIXTY THOUSAND DOLLARS. SO WHEN WE CRUNCHED THOSE NUMBERS THIS IS WHAT IT LOOKS LIKE FOR YOUR AVERAGE RETIREMENT. SO THE AVERAGE RETIREMENT FOR A MALE. GIVEN THE FACT THAT HE’LL BE IN RETIREMENT FOR TWELVE YEARS WITH AN AVERAGE ESTIMATED SALARY OF SIXTY THOUSAND DOLLARS IS RIGHT AROUND OVER SEVENTY THOUSAND DOLLARS NEEDED TO MAINTAIN HIS CURRENT LIFESTYLE AND SEVEN SEVEN HUNDRED THOUSAND SEVEN TWENTY. THAT’S OKAY. YEAH. ALL RIGHT. SO THEN A REALISTIC THIS IS A REALISTIC NUMBER. THIS IS A MAN WHAT ABOUT A WOMAN. ABSOLUTELY SO FOR A WOMAN GIVEN THE FACT THAT SHE’LL BE IN HER RETIREMENT YEARS FOR ABOUT 16 YEARS AGAIN USING THE 60 THOUSAND DOLLARS ESTIMATED ANNUAL SALARY SHE’LL WELL OVER 960 THOUSAND DOLLARS TO MAINTAIN HER CURRENT LIFESTYLE IN HER RETIREMENT YEARS. OKAY. SO IF YOU HAVE A COUPLE IS THAT GOING TO CHANGE THINGS. ABSOLUTELY. SO A COUPLE ARE JOINT HOUSEHOLD GOING TO RETIRE ME. YOU’RE JUST GONNA DOUBLE OR TAKE THE SAME NUMBER. SO THE FIRST NUMBER OF 720 THOUSAND PLUS 936 THOUSAND WILL GIVE A COMBINED INCOME OF OVER ONE POINT SIX MILLION NEEDED INTO RETIREMENT WHICH IS A WHOLE LOT TO MAINTAIN YOUR CURRENT LIFESTYLE WELL INTO RETIREMENT. OK SO THERE’S A LOT OF THINGS THAT COME INTO CONSIDERATION WHEN YOU’RE PLANNING STUFF LIKE THIS. YES SO SOME THINGS ARE TAKING TO CONSIDERATION WHEN PLANNING FOR YOUR RETIREMENT ARE YOUR SOCIAL SECURITY MAY BE THERE OR IT MAY NOT WE DON’T KNOW WHAT SOCIAL SECURITY IS GOING TO LOOK LIKE IN THE COMING YEARS LET ALONE THE YEAR YOU’RE GONNA BE IN RETIREMENT YOUR HEALTH IS SOMETHING WE NEED TO TAKE INTO CONTENT INTO CONSIDERATION BECAUSE YOUR LONGEVITY SO IF YOU JUST CELEBRATED SOMEONE THAT HAS 100 SECOND BIRTHDAY THEN YOU MAY HAVE LONGEVITY IN YOUR AND YOUR LIFE. SO ALSO SOME THINGS ARE TAKING TO AFFECT ARE YOUR DEBT YOUR SALARY AND THE COST LIVING WHICH CAN INCREASE OR DECREASE OVER OVERTIME GOING TO YOUR RETIREMENT. ALSO THE FACT IS IF YOU’RE GOING TO BE TAKING CARE OF SOMEONE A LOT OF MY CLIENTS ARE TAKING CARE OF SOMEONE IN THEIR RETIREMENT. EITHER PARENTS OR THEIR CHILDREN AS WELL AS YOUR ENTERTAINMENT A LOT MIGHT SAY THEY WANT TO TRAVEL A LOT AND TIME WHEN WHAT TRAVELING COSTS. SO WE WANT TO MAKE SURE IF YOU WANT TO TRAVEL WHETHER IT’S ONE MONTH QUARTERLY OR YEAR YOU ESTIMATE THOSE COSTS WELL INTO YOUR RETIREMENT. NOW I KNOW SOME PEOPLE WHO RETIRED AND HAD TO GO BACK TO WORK YES AND THEN RETIRE GET AWAY TO STAY AND RETIRE. SO ABSOLUTELY THERE ARE A FEW KEY FACTORS THAT HELP YOU STAY IN RETIREMENT WHEN YOU REACH YOUR RETIREMENT YEARS. SO FIRST AND FOREMOST WORKING BY FINANCIAL SPECIALISTS SUCH AS MYSELF WHO WILL CREATE A PERSONALIZED PLAN INDIVIDUAL TO YOUR FINANCIAL GOALS WILL REDO YOUR BUDGET OFTEN YOUR BUDGET IS JUST FOR NOW AND NOT FOR THE LONGEVITY GOING TO RETIREMENT BUT I’VE TO MAKE SURE YOUR ASSETS ARE PROPERLY SET UP A LOT OF TIMES PEOPLE JUST HAVE ONE PART OF THAT RETIREMENT I.E. A FORM WHEN THEY WANT TO MAKE SURE THAT YOU HAVE A LOT MORE EGGS IN YOUR NEST THAN JUST ONE ASSET. AND MOST IMPORTANTLY WE’RE GOING TO GIVE YOU ANNUAL REVIEWS SO SITTING DOWN WITH SOMEONE LIKE MYSELF WE’LL MAKE SURE THAT YOU STAY ON TRACK AND GET TO YOUR RETIREMENT GOALS. SO I’M GOING TO KEEP PUSHING YOU AND KEEP MAKING SURE THAT YOU ARE ABSOLUTELY GROWING WITH YOUR RETIREMENT PLANNING RETIRE AND IS GOING WITH YOU. SO MAKE SURE THAT YOU HAVE SOMEONE WHO KNOWS WHAT SHE’S DOING? CORRECT ARE YOUR FINANCIAL AGENTS IN ORDER THEY COULD BE YOU TO YOUR ROBINSON THANK YOU SO MUCH FOR SPENDING TIME WITH THIS AFTERNOON WONDERFUL TALKING TO

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