NATIONAL CRISIS: Among working households a shocking 92 percent of workers age 25-64 do not have retirement account balances that meet the minimum saving benchmarks as recommended by the financial services industry.*
Your team at Qualified Plan Advisors (QPA) is here to provide you with a path to become ready for retirement. This newsletter includes information about general investing, saving for retirement, budgeting, health care and finance, as well as other topics that will be useful in planning your retirement.
Feel free to reach out to us at any time if you have questions.
Good morning! It’s Friday July 5 and I’m the only one awake. I’ve cleaned up the fireworks. Now I’m sitting in the kitchen catching up on emails and daydreaming about our summer vacation. Road Trip!!! I’ve been a Dad for a while. I’ve seen things. I can definitely navigate us from Kansas City to Charleston, SC. No problem! We’ll even hit a few stops along the way. But can I navigate my family to retirement?
Wow – I tee’d that one up for you didn’t I? But it’s true, we’ve all heard the saying “People spend more time planning their vacations, than they spend planning for retirement.” So that got me thinking. In what ways is planning a vacation similar to planning for retirement. Let me give you some loose analogies:
Indices mentioned are unmanaged and cannot be invested into directly. Past performance is no guarantee of future results. All investing involves risk. Depending on the types of investments, there may be varying degrees of risk. Investors should be prepared to bear loss, including total loss of principal. Examples are hypothetical and for illustrative purposes only. The rates of return do not represent any actual investment and cannot be guaranteed.
1. National Institute on Retirement Security, “The Retirement Savings Crisis: Is it Worse Than We Think?” June 2013.
This commentary is for informational purposes only and does not constitute investment advice nor reference the appropriateness of any individual investment alternative.
Advisory services offered through Prime Capital Investment Advisors, LLC. (PCIA) a Registered Investment Advisor. Prime Capital Investment Advisors doing business as Qualified Plan Advisors, “QPA.” 6201 College Blvd., 7th Floor, Overland Park, KS 66211.