630 Cowper Street, Palo Alto, CA 94301 (main office)
Until recently, people were funding retirement with Social Security and traditional employer pensions. However, with the uncertainty of Social Security and the decrease in employers offering pension plans, many people will need to rely much more on their personal savings during their retirement.
The amount of income you'll need in retirement will vary depending on your lifestyle, health issues, tax bracket, retirement age, and cost of living, among other things. Often you hear that you will need 70% to 80% of your pre-retirement income, but it is not uncommon to need 100% or more.
Approximately 40 percent of the 65-and-over population will eventually need long-term care, with an average stay of 2.5 years at a cost ranging from $30,000-$65,000 annually.
With over fifty years of serving the Bay Area, Insurance by Allied Brokers can help you plan for a comfortable retirement. We will help you access the contributing factors of your retirement and advise you on the best solution to maintain the lifestlye you have once you decide to retire. Give us a call today.
Cities Served: Menlo Park, Redwood City, Atherton, San Carlos, San Bruno, San Mateo, Burlingame, Foster City, San Francisco, Brisbane, Belmont, Los Altos, Los Altos Hills, Sunnyvale, Mountain View, Cupertino, Saratoga, Half Moon Bay, San Jose, Campbell, Los Gatos, Milpitas, Santa Clara