Retirement Reminder

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When figuring out how much money you'll need to live on during retirement, remember to budget for "wants" as well as needs. You'll need food, clothing, shelter, and health care. What about the comforts of retirement? Perhaps you hope to travel. Take up new hobbies. Volunteer. Entertain.

How much money you'll need in retirement depends on a number of things. For example, will you still be making house payments when you retire? Will you be financing your children's education?

According to a University of Georgia study, most retirees need 70% to 85% of their pre-retirement gross income to maintain their lifestyle during retirement.

For more retirement planning and investment advice, use this online retirement calculator, e-mail a Provident Financial Consultant* or call (650) 508-7222 or (800) 656-4096. Provident offers a full range of Investment and Retirement Planning services.

 

 
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* Financial Consultants are employees of Provident Credit Union offering securities as registered representatives of Foothill Securities, Inc., member FINRA & SIPC. Investment advisory services and insurance products are offered through CUE Financial Group, a SEC Registered Investment Advisor and General Insurance Agency. Offices of Foothill and CUE are located in certain branches of Provident Credit Union and offer these products and services by agreement. These are not products and services of Provident Credit Union; are not insured by any Federal Agency and are subject to investment risk including possible loss of principal invested. CUE Financial Group, Inc. California Insurance license #OF56562.