If yours are further away than you thought, tighten your belt and either save more, decrease your post-retirement income goal or push out your contouring date. As a whole, the stock market has returned about 12.6 percent a year over the past 20 or so years. Even insurance companies figure a rate of 10 percent in determining the growth of their variable policies. This figure is fairly standard and can easily be accomplished within a diverse portfolio of mutual funds or individual stocks. For additional guidance, Ken and Margo may want to attend a local seminar on retirement planning.
Speakers appear all over the country teaching pension and estate maximization.
Many of them are sponsored by top money managers and mutual funds, and are free. Adriane G. Berg is a financial adviser. They need to run the numbers now to see how much work they still need to do before taking off. Apply for a financial makeover, and you may be picked for free, expert advice.