When it comes to retirement planning, what are your key numbers? How often should you review them?

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In today’s world, there’s a lot of different numbers out there. There are a lot of different things that you can stress about.  So we are going to talk today about what numbers are actually important to think about when it comes to retirement.

It might surprise you. It is probably not what you think. We are also going to discuss how often you should look at your numbers.

Do you need to be reviewing these things daily? No. We talk about best practices for not driving yourself crazy.

We have mentioned a few times on our show that you shouldn’t be obsessing over your portfolio. You don’t need to check it constantly. We’ve talked about the statistics about how people tend to actually do worse the more often they check on things because they make emotional decisions.

No matter how many times you look at the market, there’s nothing you can control or change. So, by focusing on the things and the behaviors that you should be doing, you can actually drive meaningful change, especially over a longer period of time.

The number one driver of building wealth is your savings rate.

The number one number that everybody should know as you’re gearing up to retire is how much are you saving. What’s that percentage of income that is going into long-term savings?

The market will take care of itself and if you are just consistently doing the right thing and putting money away, you’ll reach your goal.

We have a general range that we usually want people to be in. It’s general because it’s different for different goals. If you want to retire at 50 you’re going to have a higher savings rate than somebody that wants to retire at 67.

Join us, Nick and Dave, as we take a closer look at the two main questions when it comes to retirement planning:

1. How much should I be saving and how?
   
2. How often should I review my plan?
   

If you would like more information on retirement planning and would like to talk further, please contact us at 517-321-4832 or email info@srbadvisors.com.

We look forward to hearing from you.

Shotwell Rutter Baer is proud to be an independent, fee-only registered investment advisory firm. This means that we are only compensated by our clients for our knowledge and guidance — not from commissions by selling financial products. Our only motivation is to help you achieve financial freedom and peace of mind. By structuring our business this way we believe that many of the conflicts of interest that plague the financial services industry are eliminated. We work for our clients, period.

Click here to learn about the Strategic Reliable Blueprint, our financial plan process for your future.

Call us at 517-321-4832 for financial and retirement investing advice.