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Tucson Retirement Planning

You know that in order to enjoy the type of retirement you want, you need to plan and save money but you might not know exactly how much or even where to start. You aren’t the only one and in a survey by Transamerica of over 4,000 US workers most of them were just guessing as to how much money the needed to save and 44% didn’t even have a plan. A retirement planner can make everything much easier by helping you set up a strategy to save for your retirement so you can enjoy your senior years.

Topics To Consider When Planning

Retirement planning can involve a lot of different topics and the Certified Financial Planner Board of Standards suggests that you focus on a few areas like health care, long-term care options, estate planning, and your income once you retire.

You want to make sure that you save enough money to handle any issues that pop up during retirement but you also want to make sure you still have some money coming in to cover daily expenses. Many seniors will use Social Security benefits and at age 66 you can start collection 100% of those benefits. But if you play it smart and wait, even one year, you could collect more money. If you wait until you’re 70 you could collect the maximum of 132%.

Your savings and retirement accounts can also help you save money after you retire. The order you use money from each account can affect your taxes and save you money in the long run. Your financial planner should be able to use all of your accounts in the best way to make sure you’re saving money.

You can also affect your income by choosing to retire at a later age. While most people want to retire by 65, that might not be the best plan for everyone. Some people can retire a few years after 65 or many seniors are opting to continue working part-time after they leave their full-time jobs. In fact, in Arizona about 4.4% of the workforce is 65 or older.

Looking For A Retirement Planner In Tucson

Talk to your friends and coworkers and see if they have any suggestions for retirement planners in your area. You want to make sure they are a Certified Financial Planner (CFP) and that they specialize in retirement services. You can also use a few of these tools to find planners near Tucson:

The National Association of Personal Financial Advisors lets you search their network of Certified Planners and you can refine your search to include only retirement planners.

The Better Business Bureau of Tucson has dozens of agencies near Tucson that offer retirement services. You can also read business reports and user reviews to see how others feel about their services.

The CFP Board of Standards also has a search function that allows you to look for retirement planners in your city.

More Financial Resources In Tucson

The Pima Council on Aging offers a few financial services to seniors in the area. You can use their Partners in Planning service which pairs you with a professional who can help you plan for your future in long-term care and health care options.

You can also look into getting a Personal Budgeting Assistant who can help you:

Sort mail Balance checkbooks Set up a monthly budget

To get access for any of these services you can contact Jennie Cunningham at 520-305-3410.

Learn more about Tucson Retirement Planning here:

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