RetiirementCoupleDo you know when you can retire with enough resources to be comfortable? This might seem like an easy question to answer, but there are many factors that can influence your response.

Among these factors are the amount of money you are investing each month, the return on that investment, current market trends, current and future inflation rates, anticipated costs when you retire, and many more.

Your monthly contribution to your investments, of course, is a vital factor. The more you are contributing to your various funds and accounts the quicker you can reach your retirement goals. However, that is just the beginning.

How much will your investment appreciate over time? Depending on where your money is invested the growth will be affected. This is one reason to work with a Certified Financial Planner (CFP) because that person is focused on what investments are the best for you to meet your goals.

The market fluctuates day to day, but most of us are looking for long-term planning to create that retirement nest egg. These daily changes in the market however do have an impact on where investments are most profitable. The trends that emerge are another area your CPF tracks and can use to help you maximize your savings.

No one really knows how much today’s dollar will be worth when you retire. An excellent planner can look at historical data and consider what that will be. Although it will be a guess, his or her expertise should be able to get a good estimation.

What are your visions of retirement? These are a few of the factors that a CFP like Les Merritt will take into account as he builds and adjusts your portfolio. Whether you are a current client or think he can help to plan your future, call him today at (919) 269-8553 to discuss your retirement strategy. It’s never too early to begin working towards those golden years.

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