4 ways to tell if you’re financially ready for retirement

Do you have enough money to retire? That’s not an easy question to answer, but there are some ways to tell if you’re on track. Experts like to use the following methods to determine if you have enough to fund your desired lifestyle.

Crunch the numbers. Map your projected income — from personal assets, earned income, pensions and Social Security — against projected expenses. This is perhaps the most accurate way to determine whether you’re financially ready. But it will require more than a weekend of number crunching.

Continue reading source article here. 

Damian J. Sylvia 

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Pensions Are Taking the Long, Lonely Road to Retirement

Pensions were once just as much a given in the full-time working world as rock-solid health insurance and gold watches on retirement day. Remember that time? Touch-tone phones were still all the rage, too.

But in the 21st century, many employers have already made the call to eliminate pensions, with more joining their ranks every day. Thus that once-secure source of retirement income could quickly become a relic, although other instruments – such as 401(k) accounts and certain annuities – have since replaced pieces of the pension puzzle.

Continue reading source article here. 

Damian Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755