Increasing Retirement Contributions
March 06, 2016Planner: Bruce via 1 on 1 Consultation
Problem: She was curious to learn whether she was on track to reach her retirement goals
Suggested Action Steps: We ran a retirement estimator to see if she was on track to reach her goals & tried to see if she could take advantage of the Contribution Rate Escalator
Results: The key action step that she acted on was signing up for her company’s contribution rate escalator. She went in and insured that every may when she gets her merit increase, she will be increasing her contribution rate by 1% each year. This step will get her closer to her goal of 70% income replacement in retirement.
Testimonial: “The session has opened my eyes as to how I was really doing in comparison to what I should be doing. Time flies. Act before it is too late!” – 1 on 1 Consultation Attendee