We would like to wish you and yours a happy, safe, and joyous holiday season. We hope you can relax and enjoy your family and friends.

We’ll be back with you at the beginning of the New Year!

Posted by Michael Chapman at 1:31 AM PST

Preretirement is the stage of life before retirement and offers an opportunity to plan and save solely for your retirement years. Determining your retirement income needs when retirement is still in the future is not an exact science. You need to spend some time thinking about what sources of income you will have. After you’ve done that, you’ll need to estimate your retirement income needs. The further away retirement is, the harder it will be for you to get an accurate picture. The sooner you start thinking about it, however, the greater the opportunity you have to achieve the retirement lifestyle you want.

Sources of retirement income

Generally, retirement income comes from three major areas: Social Security, employer-sponsored retirement plans, and personal savings and investments. You should plan to have all three of these sources of retirement income securely in place before you retire.

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Posted by Michael Chapman at 8:00 AM PST