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Fleming Financial Services Blog

At Fleming Financial Services, Inc., our role is to assist our clients in defining and realizing their financial objectives and goals. We work with our clients to implement personalized plans designed for their unique situations. Our areas of concentration are: Retirement planning, Estate and Wealth Transfer strategies, and Business Continuation planning. We emphasize the importance of conducting our business with integrity and professionalism. As a member of PartnersFinancial, an independent national financial services company, we are able to provide access to sophisticated resources for the benefit of our clients. Some of the professionals with our firm are currently registered to conduct business through NFP Securities, Inc. With those additional resources in place, we help facilitate the complex corporate and personal financial decisions our clients must make.

If You Don't Plan for Your Retirement, Who Will?

Thomas Joseph Thomas Joseph , 1/22/2015
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Fleming Financial Group, PA, RetireHave you given much thought to your retirement? Probably. In fact, you probably think about it often, but what you need to realize is that thinking about it won't do anything. You have to plan for it! After all, if you don't plan for your retirement, who will? Here's a quick look at the top three reasons you need to plan for retirement. 1) To make sure you have enough saved Just because you have a retirement account doesn't mean that it's going to meet your needs once you actually retire. This is why it's pertinent to review your plan and assess your retirement goals to make sure that your plan is going to meet them. Take for instance that you plan on taking a $20,000 around-the-world-vacation once you retire. In order to make sure that you have the funds to do this, you will need to adjust your retirement plan so that an extra $20,000 will be put aside for the trip. 2) To avoid withdrawing early If you withdraw money from your retirement fund before your retirement age depending on what plan you have, then you will likely have to pay a penalty. It's imperative that you plan accordingly so that you don't have to do this. You can lose out on thousands of dollars if you withdraw early, so it's best to avoid doing so at all cost. 3) To pay off your debts early Part of your retirement plan should include strategies that help you pay off your debts as soon as possible. The sooner you have them paid, the less you'll pay in interest. Plus, being debt free once you hit retirement is a goal that you should strive to achieve.