There are questions that you need to deal with now, most especially if you are over age 40. Why? because everyday you don't plan for your retirement, the less chance you get to make money work for you to build a retirement fund.

People live longer now, thanks to medicine and technology. But, if you retire at 65 and live to 90, will you have money to spend for 25 years after retiring from your job?

Wow! Real tough questions. However, many people still don't plan for their retirement. If you did not put money away for the old age, what will you spend when you stop working and the checks stop coming? Social Security? You've got to be kidding me.

Some say they have about 20 to 30 thousand to retire on. Which is maybe 10 years from now. We'll if you ask, how much do you spend now on a monthly basis? About 10 thousand a month to cover the mortgage, car, gas, food, utilities, cell phone, clothes, dining out, and personal shopping. If you only have 30 thousand to retire on, you will be back to work, at Walmart maybe, after 4 months. That's if you don't blow it all on your retirement party.

Here is some guidance for you. If you are making $100,000 a year now and you plan to retire at 65 and expect to live til 95, then you will need at least 60% of that annual income; considering you've already paid-off your mortgage. So you will need $60,000 x 30 years = $1,800,000 to live comfortable and afford more than basic needs for your retirement years. You think you can save that much money by the time you retire? Remember, we have not even factored in cost of inflation.

If you have not planned on how you are going to afford to live during your retirement years, then you may consider setting up a Free Retirement Consultation with us. Because savings alone will not provide you a $60,000 per year retirement fund that's good to flow for 30 years. Yes, even if you work for Walmart and double job at McDonalds.

You can't start soon enough. The sooner you invest in your plan the more money you will have in the future. Start now! If you are at least 40 years old, you really need to be setting-up a concrete retirement plan.

You can reach me at (707) 344-6062 - Ed Esteban, Financial Services Consultant.