Retirement Plans After years of hard work, make sure you have the retirement you deserve with retirement planning from Chartered Financial Services.Financial Planning is an essential step to help make sure you achieve your financial goals. It is no longer possible to rely on Social Security as a way to fully replace your retirement income. Employer-sponsored retirement plans may not provide enough savings and earnings opportunities on their own, so additional plans will probably be needed.Effective planning can help you achieve your goals and live your dream life. The key is to know how to make it happen – let us help.What is retirement planning?Retirement planning isn’t a single step or a simple investment plan. It’s a holistic process that brings together your desires for a life well-lived and all of the pieces of your estate. It includes understanding what your desired retirement lifestyle would cost and then implementing savings, investment, and protection programs to cover those anticipated expenditures as efficiently as possible. It may sound complex – and it can be – but with the help of professionals, you can create a roadmap that helps turn your goals into reality.What does it do for me?Having a plan for retirement allows you to set a goal and outline the steps you need to take to get there. It may mean developing multiple sources of income during your lifetime. This usually includes Social Security, employer-sponsored retirement plans, investment strategies, and savings plans as well as some type of protection of these assets should there be untoward events. These protections are usually provided with the use of insurance such as life insurance, disability insurance, and long-term care insurance. Tax efficiencies and distribution strategies are also mapped out during this process by building various pools of funds to offer flexibility with these retirement tactics. Creating guaranteed income streams that cannot be outlived, with the use of annuities, may also be part of the retirement strategy.When should I start?As soon as possible! The sooner you start planning for your retirement, the easier it will be to build in flexibility for your retirement years. It’s not too late to start; There are many options to plan for retirement, and knowing how to optimize these will assist you in achieving your objectives.Building your roadmap starts with creating a plan. There may be many things vying for your dollar but putting a strategy in place may be surprisingly affordable. Meet with a professional team to assist in analyzing your current situation and developing these important methods to help achieve your desired retirement.Call Chartered Financial Services in Warren, NJ today at 800-549-6007 to learn more about retirement planning, or contact us if you would like to have a discussion.