It’s natural that many of us don’t want to fixate on growing older. But denying the existence of aging won’t stop the process. And if you fail to plan ahead, you could find yourself facing a burden you don’t deserve.
Logically, most of us know we should be planning ahead for retirement — especially as the average lifespan is predicted to continue on its upward trajectory. However, a recent report compiled by CNBC revealed that 15% of Americans had no retirement savings set aside. Even more shocking is that this isn’t unique to younger people; among Gen Xers and Baby Boomers, approximately 14% of survey respondents had nothing saved for retirement. And with fewer years in the workforce to accumulate savings, this can present a real problem in the not-too-distant future.
So what does it take to ensure you can live comfortably in your retirement journey? The first step is working with a firm that offers retirement planning Memphis residents can rely on.
At Servant Advisors, we understand the unique challenges that come with saving for retirement. It’s our goal to provide financial peace of mind in retirement — and that starts with developing a strong financial future. Our financial advisors will work with you to design an income plan, foster opportunities for growth, and discuss pertinent concerns like long-term care, retirement savings accounts, investments, and much more.
Whether you’re already in retirement, looking to retire in 10 years, or you want to make smart decisions in your 30s and 40s to ensure a smooth transition, we’re here to help. To learn more about the options for retirement planning Memphis residents need or any of our other financial services, please contact Servant Advisors today.