Retirement Planning

Before the Meltdown of 2008, very few people had a retirement plan, but millions had retirement expectations. For example, 59% of the people in a survey said they expected to receive a pension check, however, only 41% knew of a pension to which they or their spouse was enrolled.[1] A different study showed that the median expected annual pension was $20,000, but the actual payout was just about $8,300.[2] Denial does not make for a very good retirement plan.

Many people today spend so much time focusing on their day-to-day activities that they often forget to take the time to plan for the years ahead. Putting a plan in place today can help ensure that your retirement is spent doing the things you enjoy. Ask yourself a few questions to see if your retirement plan is on track:

  • When will you retire? Age 55, 62, 65?
  • What do you want to do during retirement?
  • Will you maintain, decrease, or increase your standard of living during retirement?
  • How much will your retirement cost?

Today, many employers offer tax-deferred retirement plans such as 401(k), 403(b), and 457 plans that enable people to save more for retirement. Most of these plans offer a company match, up to a certain limit, increasing the amount a person is able to save for retirement. These additional savings are only one piece of the puzzle. By building a total Wealth Plan, our clients are able to focus on their day-to-day activities as well as develop a plan that reflects their retirement goals and objectives. How will you spend your retirement?

Yaegers Financial Services can help you answer that question.

The Social Security program seems to be in the news every day.  With more and more baby boomers retiring every day, this program will continute to be placed under more stress and scrutiny as each year passes.  If you are getting close to claiming Social Security or would like to understand what can be done to fix it, take a look at the booklets below.


Did you know: The first of the baby boomers turn 65 in 2011; 76 million Americans were born between 1945 and 1964. [3]

Watch our video on how to save for retirement:

[1]Consumer Reports, "Are You Ready to Retire?" October 2008.
[2]Tiburon Strategic Advisors, "Consumer Wealth, Liquefaction, & the Retirement Income Challenge Research Report – Key Highlights,"
[3]Beware the "silver tsunami" by Bob Shepard –