Page 2 - Laird Financial Wellness
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Protect Yourself Plan for a Smooth Transition into Retirement
Nearly 1 in 4 people will suffer Retirement will eventually shift from a goal to reality. When the time
from a short term disability and comes, you’ll want to have a plan in place to make the most of it. Prior
(6)
more than a third will at some point to retirement, most people focus on how much they need to save. Just
need long term care. Worse, many before retirement, you need to think about how much you can spend. One
(7)
employees are at risk for layoffs guideline suggests you can draw down 4% of what you’ve saved every year.
and corporate cutbacks. For these If you continue to earn 3% on your investments, this strategy will provide
(8)
reasons, having an emergency income for about 24 years. Will this be enough? Knowing what your
savings safety net of 6 months’ income and expenses (particularly healthcare expenses) are likely to be in
salary, and the right insurance, needs retirement is the irst step to feeling prepared.
to be part of your strategy.
Whether it is paying down debt, planning for retirement, or optimizing
your insurance coverage, there are a lot of considerations when it comes
to making the most of your inancial well-being. Set a goal you can achieve
and make it happen. Get help, if you need it. Your employer’s retirement
beneits provider can be a great source of tools, information, and coaching.
Every step you take is an important one on the road to your inancial well-
being.
(1) “Stress in America,” American Psychology Association, 2007–2014
(2) “2015 Millennial Money Mindset Report,” iQuantii and Middle Tennessee State University, 2015
(3) “What You Should Save by 35, 45 and 55 to be On Target,” Time, 2012
(4) Bureau of Labor Statistics, 2014
(5) “5 Crucial Tips for Your Retirement Income Planning,” Investopedia, 2014
(6) “5 Financial Moves to Make at Fifty,” Forbes, 2011
(7) “Building Wealth: Best Moves to Make if You’re 45 to 54,” Money, 2013
(8) “The 11 Worst Money Mistakes to Make in Your 30s,” Business Insider, 2015
© 2018 Lockton, Inc. All rights reserved.
[Rev 04/25/18] EB\LAITE08\EE Comm\Flyers\2019\Financial Wellbeing 13684.pdf
Nearly 1 in 4 people will suffer Retirement will eventually shift from a goal to reality. When the time
from a short term disability and comes, you’ll want to have a plan in place to make the most of it. Prior
(6)
more than a third will at some point to retirement, most people focus on how much they need to save. Just
need long term care. Worse, many before retirement, you need to think about how much you can spend. One
(7)
employees are at risk for layoffs guideline suggests you can draw down 4% of what you’ve saved every year.
and corporate cutbacks. For these If you continue to earn 3% on your investments, this strategy will provide
(8)
reasons, having an emergency income for about 24 years. Will this be enough? Knowing what your
savings safety net of 6 months’ income and expenses (particularly healthcare expenses) are likely to be in
salary, and the right insurance, needs retirement is the irst step to feeling prepared.
to be part of your strategy.
Whether it is paying down debt, planning for retirement, or optimizing
your insurance coverage, there are a lot of considerations when it comes
to making the most of your inancial well-being. Set a goal you can achieve
and make it happen. Get help, if you need it. Your employer’s retirement
beneits provider can be a great source of tools, information, and coaching.
Every step you take is an important one on the road to your inancial well-
being.
(1) “Stress in America,” American Psychology Association, 2007–2014
(2) “2015 Millennial Money Mindset Report,” iQuantii and Middle Tennessee State University, 2015
(3) “What You Should Save by 35, 45 and 55 to be On Target,” Time, 2012
(4) Bureau of Labor Statistics, 2014
(5) “5 Crucial Tips for Your Retirement Income Planning,” Investopedia, 2014
(6) “5 Financial Moves to Make at Fifty,” Forbes, 2011
(7) “Building Wealth: Best Moves to Make if You’re 45 to 54,” Money, 2013
(8) “The 11 Worst Money Mistakes to Make in Your 30s,” Business Insider, 2015
© 2018 Lockton, Inc. All rights reserved.
[Rev 04/25/18] EB\LAITE08\EE Comm\Flyers\2019\Financial Wellbeing 13684.pdf
