When you are a younger adult you see senior citizens as functioning under a different set of circumstances than you are, and you may not consider the details because they don’t seem relevant to you.
But there will inevitably come a day when you wake up and look in the mirror and recognize the fact that you are not as young as you used to be. Your thought processes may not seem much different, but intellectually you may realize that the time has come to start thinking about some of the eventualities of aging.
The sooner you come to this realization the better, and you don’t have to wait until you reach a particular age to start to concern yourself with planning for the future. This is true across the board with regard to estate planning and incapacity planning but it is especially important when it comes to retirement planning.
Retirement is not an entitlement. The typical Social Security benefit is not going to provide you with the ability to enjoy your retirement to the fullest. A recent poll that was conducted by the Associated Press in conjunction with lifegoesstrong.com found that approximately one-fourth of the baby boomers who were polled said that they would never be able to retire because they did not have the financial resources to do so.
To be able to retire you’re going to have to do the math and make sure that you have sufficient savings and income. It can take some time to accumulate these resources, so you have to have a long-term plan in place that is coherently conceived based on anticipated expenses and specific goals. If this make sense to you, simply pick up the phone and arrange for a consultation with a licensed retirement planning attorney who will give you personalized attention and tailor a plan that leads to a comfortable retirement.