Studies reveal, by 2050, projections indicate the population over 65 will comprise 20.9% of the population. The big question is, have they saved enough for the golden years? A qualified financial advisor or financial planner can ensure that the seniors citizens of 2050 have saved enough today while they are still in their 30s. If they are not saving now, they should start and see how much they can accumulate in 34 years. Today, roughly 75% of 401k account holders have account balances that are less than the ?widely cited? average of $60,000. Investing your finances as soon as you can will greatly strengthen your retirement account. If your employer offers a retirement savings plan, such as a 401(k) plan, continue to make financial investments toward your retirement. Overall, nearly 70% of 401k and individual retirement account (IRA) assets are held by the richest 20% of Americans. Financial advisors say over time compound interest and tax deferrals will create financial growth for your 401K and IRA accounts. Talking to a financial planner or wealth management service can be a great idea to learn your options to create growth in your wealth management strategy. Financial advisors say how much you save can be just as important as what you invest in. A wealth management service can tell you about investing your finances in financial opportunities that can spur financial growth. There are various types of wealth management services that can help you with your wealth management and financial investment. They can help you define your financial goals and implement a successful wealth management strategy. Creating a wealth management strategy can be daunting to many people. This is why some individuals seek professional advice through a qualified wealth management service. The experts say consumers should look for a wealth management service that is caring, knowledgeable, and honest. They should treat you like family and help you understand the best financial growth strategies for your investments. Some say a large part of wealth creation and wealth management is learning how to be discipline, live below your means and invest wisely. This is good advice for those future 65-year-olds who will retire in 2050. If they remember these 3 principles, they should have enough money to enjoy their golden years 34 years from now.
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