Business : Is Your Retirement a Moving Target?

Randy Stein

A recent study by the Employee Benefit Research Institute found that nearly one in four workers plan to postpone retirement for financial reasons. Yet less than half of those surveyed have calculated the amount of money they’ll need to save to enjoy a comfortable retirement.

Having a realistic picture of how financially prepared you are for retirement can help determine what steps you can take to improve your retirement outlook. Farm Bureau Financial Services offers retirement savings calculators to help you evaluate your own situation. Visit www.FBFS.com to estimate your current savings, predict how long those savings may last in retirement, project your Social Security retirement income, and more.

• How Much Will I Need to Save for Retirement?

• Are My Current Retirement Savings Sufficient?

• Social Security Retirement Income Estimator

• I’m Retired, How Long Will My Savings Last?

Like most things, the earlier you start, the better, but it’s never too late to begin saving or building upon the progress you’ve already made. A variety of products offered by Farm Bureau can help you achieve your retirement goals. These include IRAs, mutual funds and annuities. Each investment tool has its advantages and, depending on the situation, a potential role in retirement savings.

Your Farm Bureau agent can help you navigate the road to retirement so you can enjoy retirement on your own terms and timeline. Contact your agent today to discuss your retirement readiness and develop a strategy for reaching your goals.

Source: Employee benefit Research Institute, 2010 Retirement Confidence Survey (RCS), www.ebri.org/surveys, visited April 1, 2010.

Tips brought to you by Farm Bureau Financial Services. For more information about products and services, call Randy R. Stein CLU, ChFC, LUTCF at (319) 472-5231 or stop by the office at 1105 West 9th Street in Vinton.

Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services