Gregory Bowser Asset Management Services Responds to Common Retirement Planning Myths
Online, September 17, 2012 (Newswire.com) - Most American workers would like to have the option of one day retiring, and as such, most know that retirement is not something that simply happens; it must be carefully planned for, often with the guidance of a financial advisor. Though most individuals know that retirement planning is essential, there remain many myths and false rumors about the true nature of retirement planning. Forbes recently highlighted ten of these common myths-drawing the attention of Gregory Bowser Asset Management Services.
Gregory Bowser Asset Management Services is a financial planning firm based in Maryland, serving its clientele with a comprehensive suite of retirement, estate, and legacy planning options, as well as more general financial planning and investment expertise. Bowser, a proponent of holistic approaches to retirement planning, has responded to the Forbes article with a new statement to the press.
"This article does an immense service to many of us, particularly young people who are only just beginning to think about these important issues," says Gregory Bowser of Asset Management Services. "The truth is that retirement can be a wonderful season in a person's life, but planning is essential. This planning must be based on accurate information and advisable strategies, not rumors, hearsay, or misinformation."
The very first myth mentioned in the Forbes article pertains to young people especially. The article notes that one of the most common myths surrounding retirement planning is that it can wait until later in life; those under 30 are prone to putting retirement planning off. "This is an egregious mistake," comments Gregory Bowser. "Planning and saving for retirement should start as soon as a person's career begins, if at all possible."
The Forbes article also takes on the familiar statistic that a person needs 80 percent of his or her current income in order to retire. "This actually may or may not be true," says Bowser. "It is a good ballpark sum, but it is important to remember that no two people are alike, and lifestyle expectations can vary wildly. Those planning for retirement should consult with a financial planner in order to ascertain the amount of money they will need to meet their particular retirement goals."
The Forbes article lists several other myths and rumors, most of them pertaining to the workings of IRA accounts. Gregory Bowser of Asset Management Services concludes his own statement simply by emphasizing the need for proper consultation with a financial planner in order to ensure a financially stable and secure retirement.
ABOUT:
Gregory Bowser of Asset Management Services provides clients with a comprehensive suite of financial planning strategies. These services include financial planning, holistic retirement services, investment planning, estate planning, Social Security planning, legacy planning, and more. Mr. Bowser has served as a fee-based planner, helping families throughout the community invest for retirement for more than two decades. His experience has proven invaluable in guiding retirees through uncertain and tumultuous times, ultimately helping them to enjoy comfortable and secure retirements.
Gregory Bowser and the Asset Management Services team can be contacted at (410) 538-6800, gbowser@asset-management-services.com, or via the company's website, at www.asset-management-services.com. The company is zealous to hear from those who want to learn more about its conservative approach to retirement planning.