Pre-Retirees Many people have an idea of what they want their retirement to be. Whether it’s traveling around the world, living on the golf course, spending more time with grandkids, volunteering or starting another career. But, in order to have the retirement of your dreams, you need to make planning for it a priority. A recent survey shows that 26% of workers cite “saving for retirement” as their top financial priority. Other top priorities include “just getting by –covering basic living expenses” (21%) and “paying off credit card or consumer debt” (17 %).1Have you calculated how much money you need for retirement? 47% of workers say that they “guessed” when asked how they estimated their retirement savings needs.2Whether you are just getting started or it’s been a while since you looked at your retirement plan, one of the best ways to determine if you’re on track towards meeting your goals is to calculate how much money you’ll need compared to how much you have saved. Often, people simply guess at these amounts and as a result end up exhausting their retirement savings early and need to make significant changes to their standard of living.Three Steps to a Solid Plan:Determine how much money you will needIdentify how much money you will haveAddress any decisions or changes to your planDon’t be one of the 52% of US households at risk of not having enough to maintain current standards of living in retirement.3Work with your financial professional to address questions and concerns and develop a solid retirement plan. While retirement planning can seem time consuming and overwhelming, putting off planning and hoping for the best will not help you meet your goals in the long run. That’s where Old Castle Financial Advisors can help, providing guidance every step of the way. And, if your goals include leaving an enduring impact by giving your children or grandchildren financial security or being philanthropic by helping fund a new building at your alma mater, we can also help you find a tax-efficient way to leave a legacy as part of your retirement planning. Whether you are checking back on your existing plan or just getting started, it’s never too late to work towards your retirement goals and dreams. We’re here to help, please feel free to contact us at (516) 394-2514. How to Retire Early Retiring early sounds like a dream come true, but it’s important to take a look at the cold, hard facts. Learn More Should You Ever Retire? A growing number of Americans are pushing back the age at which they plan to retire. Or deciding not to retire at all. Learn More Retirement Redefined Around the country, attitudes about retirement are shifting. Learn More Retirement Calculators Saving for RetirementMy Retirement SavingsPotential IRA IncomeEstimate Your RMD Additional resources 1 17th Annual Transamerica Retirement Survey, 2016 2 17th Annual Transamerica Retirement Survey, 2016 3 Center for Retirement Research at Boston College: National Retirement Risk Index, 2017 Tell Us How We Can Help You Today Name Email Address Phone Question Thank you! Oops!