Is Retirement Planning Really Necessary?
Here at MoneyManager.com, our answer is an unqualified yes. Here are 5 crucial reasons why you need a money manager to take care of your pension contributions, and why MoneyManager.com is the ideal place to find the perfect retirement planner for you.
1. Because we all change jobs multiple times. The old-fashioned notion of a job for life isn't nearly as typical these days, which means that the solid, dependable pension isn't as typical, either.
Since, on average, many of us will have several major jobs in our lifetimes, it makes sense to ensure consistency in one thing: planning for your retirement. Although our jobs might change, the fact that we will one day have to retire will not — that's universal.
2. Because a money manager can adapt to your changing financial situation. Obviously, not all jobs will feature the same salary, and we might find ourselves even without a job for a period. When times get desperate, it's always important to have an expert around, one who can see the long picture and reassure you that it's never a good idea to mortgage your future.
A changing financial situation is nothing new — especially in these recent times. Although many people theorized that the days of financial advisors helping the average person invest in the stock market might be over, the truth is that money managers are more important than ever. When the economy is difficult, the temptation to withdraw all your savings and hide them under the mattress gets stronger. A smart, reliable retirement planner will help you avoid this mentality, while minimizing your risk.
3. Because a 401(k) is not always enough. Although our contributions to a national pension fund might be adequate, it's sometimes impossible to ensure that we'll be able to retire like we want to with just our 401(k).
The rules about contributions are also exceedingly complex, so having a professional retirement planner around to aid you with your contribution decisions is an invaluable thing. Keeping your 'private' pension active throughout your life takes consistency and the steady hand of experience — all things that retirement planning can provide.
4. Because less-beneficial contracts are far more typical. Besides the fact that we're all changing jobs more frequently, those jobs are often less beneficial to our retirement planning overall. We might land in a fantastic, secure job for a while — but we might not stay in it.
Since our pension contributions and 401(k) injections are unlikely to be so consistent, it pays to retain a money manager that can consistently advise you on the best course of action for your money.
5. Because slow and steady is the most important thing. Unless you're blessed with a great ability to calmly see the road ahead of you, the day-to-day machinations of your life will get in the way of much of your long-term planning. Having a great financial advisor who can exclusively concern themselves with your retirement planning is one of the best ways to compete against the myopia of 'today' that occasionally overtakes us all.
Find a financial advisor today, and take control of your retirement planning — no matter what your financial situation is.