Why save for retirement when you are a young, hipster in Austin, Texas?
You have a good job, a dog, a cool apartment and spent two full weekends at ACL.
Why not enjoy your city life? Plus you are paying social security taxes every two weeks, so your financial future is secure, right?
Wrong. Very wrong!
For only $149, Captial Budget Strategies, LLC, Austin’s best Money Coach, helps clients determine their true net worth, find out how much they actually have saved for retirement, estimate how much they will really need to retire, create a personal budget and set up a Snowball Debt Repayment Plan.
Here is a simple retirement test. Answer the questions truthfully:
(1) At what age do you want to retire?
(2) Subtract that age from 81 (if female) or 77 (if male). These are the current life expectancies in the USA. The result is the number of years you want to be retired and therefore would living without an income.
(3) Can you afford living on Social Security for that long?
The Social Security Administration estimates that if you are a 30 year old employee making $50,000 today and receive “substantially more by the time you retire,” you can expect $22,000 in today’s dollars at 67 years old.
Really? That’s all?
$22,000 is the equivalent of a job making $10.50/hour. Yikes. Unless you enjoy the thought of working part-time at age 75, your savings will have to fill in the money gap. Therefore, start saving, a lot.
Remember, retirement is a time for travel, family visits, doctor appointments, early bird specials, yelling at kids to get off the lawn and volunteering! Who wants to HAVE to work in retirement?
For only $149, Captial Budget Strategies, LLC, Austin’s best Money Coach, will sit down with you at your office, your home or any public location. We can meet during the week, in the evening or even on weekends.
Give us approximately 4 hours and we will help you Win Your Retirement!
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