Retirement Planning

For years, retirement planning professionals have recommended that Americans have at least $1 million in the bank by 65 years old. However, the precise amount you need could vary based on your planned standard of living in retirement, your health, your family situation and the average life expectancy in your family. 

Our Approach To Retirement Planning

When you choose First Community Financial Services as your planning partner, we consider several personal and demographic factors. Our team takes a comprehensive approach to planning for retirement. This begins with a needs analysis, grows into effective portfolio composition and ends with sustainable incomes.

The Tools We Recommend To Our Clients

Chances are that you have already started some research on how to plan for retirement. You might have even taken advantage of the tools provided at work, such as a 401(k) or an IRA. These are excellent ways to get started, but there are several other tools worth considering:

• Stocks and bonds
• Real estate investments
• Prenuptial or postnuptial agreements
• Short-term or long-term disability insurance
• Health Savings Accounts

Before you begin working toward retirement, it's important to consider how you plan to spend your post-working years. Sure, these plans can change, but having something to work toward can keep you motivated. Next, contact First Community Financial Services to get the ball rolling.