Are You Retirement-Ready?

Although many people grow eager as they near retirement, this excitement is often coupled with concern surrounding retirement-readiness. In recognition of National Retirement Security Week on October 16, we encourage you to review your plan and consider the below steps to help you feel confident in your retirement plan.
• Max out your contributions. Individuals aged fifty and over are eligible to make catch-up contributions to a variety of their retirement plans, including 401(k)s, 403(b)s, and IRAs. Investing additional funds can help boost your savings efforts and bring you closer to your goals.
• Review your asset allocations. Remember to review and adjust your asset allocation as needed. For example, as you near retirement, you may be inclined to include more conservative and income-driven investments and modify your short and long-term needs.
• Consider your healthcare options. If you retire at age 65 or over, you are eligible for Medicare. However, retiring prior to age 65 requires you to find your own coverage. It is important to be aware of your options and the costs associated with them as you plan for retirement.
To help feel confident in your retirement plans, contact us at 661.297.7566 or visit www.PiersonWealthManagement.com.
Securities and advisory services offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency LLC), member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. CA Insurance Lic#0C92500. For a comprehensive review of your personal situation, consult with a tax or legal advisor. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice. Asset allocation is an investment strategy that will not guarantee a profit or protect you from loss.