Position Yourself for a Secure Retirement

To avoid the pitfalls facing many people approaching retirement, you need to take these six steps to create a sure-footed plan.

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Whether retirement is on the horizon or decades away, it’s never too early to start securing your financial needs for your golden years. The best-laid retirement plans can easily go astray due to health or family situations. In fact, the average reported U.S. retirement age is 61, according to Gallup.

The key to positioning yourself for a secure retirement is a planning process. When you follow a defined process, you know what to do and when to do it. That creates more confidence around your retirement plans, making it easier to accomplish the tasks involved.

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Header Cell - Column 0 Start at 62Start at Full Retirement AgeStart at 70
Monthly Benefit$750$1,000$1,320
Yearly Benefit$9,000$12,000$15,840
Total Benefit to 85$216,000$240,000$253,440

This article was provided by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Levi Huncovsky, Investment Adviser Representative
Owner, LandL Advisors

As owner of L&L Advisors, it's Levi Huncovsky's firm belief relationships should be built on integrity, ethics and communication. He focuses on building and customizing wealth management and insurance plans for individuals and businesses. His goal is to protect and preserve his clients' wealth and provide them with an income in retirement. L&L Advisors believes in using tax-efficient products to customize plans for clients to help their budget and minimize out-of-pocket expenses.