Poor Planning Forced To Work Beyond Retirement - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

Poor Planning Could Force You to Work Beyond Your Desired Retirement Age Good Planning: Poor Planning:Enjoying Retirement Forced to Work www.skloff.com

Wall Street Journal ‘Retiring Boomers Find 401(k) Plans Fall Short’ – 02/19/11“The median household headed by a person aged 60 to 62 with a 401(k) account has lessthan one-quarter of what is needed in that account to maintain its standard of living inretirement, according to data compiled by the Federal Reserve and analyzed by theCenter for Retirement Research at Boston College for The Wall Street Journal.”“Even counting Social Security and any pensions or other savings, most 401(k)participants appear to have insufficient savings.”“This analysis uses estimates of 401(k) balances from the end of 2010 and of salariesfrom 2009. It assumes people need 85% of their working income after they retire inorder to maintain their standard of living, a common yardstick.”“In general, people facing problems today got too little advice, or bad advice. Theydidnt realize that a 6% annual contribution, with a 3% company match, might not beenough.” www.skloff.com

Wall Street Journal ‘Retiring Boomers Find 401(k) Plans Fall Short’ – 02/19/11 www.skloff.com

Poor Planning Could Force You to Work Beyond Your Desired Retirement AgeThe vast majority of households will not retire with a pension.“In 2016 we will begin paying more in benefits than we collect in taxes.” - Social Security Administration - 03/15/10“Without changes, by 2037 the Social Security Trust Fund will be exhausted and therewill be enough money to pay only about 76 cents for each dollar of schedule benefits.” - Social Security Administration - 03/15/10Poor planning, insufficient retirement assets, lack of pensions and the risk of less thanexpected Social Security benefits (if they continue to exist at all) could force you to workbeyond your desired retirement age. www.skloff.com

Engage Skloff Financial Group for a Financial Plan and Enjoy Your Retirement Good Planning: Poor Planning: Enjoying Retirement Forced to Work www.skloff.com

Skloff Financial Group is DifferentSkloff Financial Group is registered as a Registered Investment Advisor (RIA).An RIA is obligated by law to accept fiduciary.An RIA must place clients’ interests first - before any other party.Each client has a dedicated licensed financial advisor.Each client is provided their financial advisor’s mobile phone number.“Every client is treated with the individual attention and respect they deserve.”- Aaron Skloff, AIF, CFA, MBA – CEO Skloff Financial Group 908.464.3060 www.skloff.com

Poor Planning Forced To Work Beyond Retirement - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

by Aaron Skloff, AIF, CFA, MBA on Feb 20, 2011

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Poor Planning Forced To Work Beyond Retirement - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group — Presentation Transcript