FAILING TO PLANSubmitted by Reby Advisors | Certified Financial Planners | Danbury, CT on January 16th, 2014
There are many important events in life that require one to plan ahead. We devote a significant amount of effort in planning ways for our clients to handle a wide variety of risks. For those without an advisor, or an advisor who only advises on certain aspects of the market, the result of waiting to begin the planning process can be devastating.
According to a study, which included 10,000 adults between the ages of 40-75 years old, it was found that only one in four people actually knew how much money they would need to save for retirement, yet three out of four people felt confident that they were on the right track. For many, this disparity may be due to a lack of understanding in regard to the steps that must be taken to plan appropriately for their individual situation.
The reality is that 53% of American households are at risk of not being able to maintain their standard of living during their retirement years.  This is validated by a Boston College study at the Center for Retirement Research which found that 57% of Americans indicated that they have less than $25,000 in savings and investment assets set aside to fund their retirement.
We understand that for many people, retirement planning can be intimidating or seem like a distant need. However, the reality is that it is never too early and is often never too late to start mapping out a retirement plan. We offer a variety of ways that can help to you get you headed down the right path. One important first step is to figure out where you stand today. This information can give you a baseline of your preparedness level. At Reby Advisors, we utilize a tool called the Lifestyle Sustainability Scorecard to analyze where you currently stand in regard to preparing for retirement, or other goals, as well as addressing the risks that can interfere with your objectives. Based on the outcome of the assessment, we can offer advice to improve your score, implement the plan and help to keep you on track.
Strengthening the financial capabilities of our clients and members of our community is an ongoing effort, one that we have embraced and are fully committed to. Please visit our web site for additional resources and learn how you too can get started with a plan.
 Weisbaum, H, NBC News November 2013  USA Today, June 6, 2013