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Retirement

RetirementThe amount of income you'll need in retirement will vary depending on your lifestyle, health issues, tax bracket, retirement age, and cost of living, among others.  Often you hear that you will need 70% to 80% of your pre-retirement income, but it is not uncommon to need 100% or more.


Approximately 40% of the 65-and-over population will eventually need long term care, with an average stay of 2.5 years at a cost ranging from $30,000-$65,000 annually (source: George Mason University, 2007).

 

What you invest in will depend on how long you have until you retire — as you near retirement, you might consider moving from aggressive, growth-focused investments into more conservative, income-producing investments.
Telamon offers a variety of products that you can use to fund your retirement: 401k and 403b Plans, 412(i), Annuities, Individual Retirement Accounts, and Trusts.


For more information, Contact a Telamon representative.