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Stacy's News: Do You Want to Retire In Five Years?

Stacy's News: Do You Want to Retire In Five Years?

July 12, 2023


While you’re vacationing this summer, are you thinking about your retirement and if you’ll be able to retire by age 65?

Perhaps you are hoping to retire in five years and want to know if you’ll be able to stop working.

You might be wondering how high your expenses will be in retirement. Some experts believe that you should target retirement expenses to be approximately 70% to 80% of your current income.

Now is the time to let us help you prepare a retirement needs analysis. We will help you:

  • Estimate how much you plan to spend each year.

  • Compare your expenses to how much retirement income you can expect to receive in addition to social security. (The full retirement age for individuals who reach age 62 by 2023 will be 67, according to the Social Security Administration.)

  • Estimate your life expectancy and help you insure your assets last against illnesses

  • If your expenses are too high or your income is too low, our goal will be to help you adjust your retirement schedule so that you can retire comfortably.

It’s a good idea to review your retirement needs periodically. Please reach out to us at 215-579-5601 or email at info@ewmginc.com for help preparing a retirement analysis specifically for your needs. 

As always, if you have any life changes or updates that you need us to attend to (i.e., new job, promotion, marriage, new baby or grandchild, etc.), please do not hesitate to contact us.

Stacy Brilliant, Chief Operating Officer

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