Planning for retirement sounds easy. Fund an IRA, participate in a workplace 401(k), save 10% of your income and the list goes on. Yet, American’s are behind when it comes to preparing for a successful retirement. Dustin Hocken and Phil Clark, wealth Advisors, bring you “mistakes 6-10”. Retirement income will most likely come from three places; personal savings, 401(k)/Qualified Plan, and social security. Experts say social security will cover approximately 25% of the average final year’s compensation. Knowing the most common blind spots can help you avoid them and better prepare for successful retirement. Maybe it’s time for a conversation about your retirement plan. Let’s talk!
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