Troy, MI (PressExposure) May 20, 2009 -- Michael McGee, a financial advisor, recently spoke to a group about investment savings for retirement. âBefore you retire, you will have spent 40 to 50 years working hard, raising a family, buying a home and hopefully, saving for a comfortable retirement. Unfortunately, many who are reaching retirement age today find that they did not allocate enough to retirement.â
Michael was most concerned with the prediction that many people in their 20âs to 30âs today may find themselves still working past the age of 70 if they do not make wise choices now.
One couple in their late 50âs confided to Michael that they counted on the equity in their home for a portion of their retirement savings. With the home nearly paid off, they anticipated selling it for a large profit, then paying cash for a smaller home and still having some left over. This was certainly a possibility before the decline in home values.
Michael said, âIn todayâs economy, we are discovering that the investment in oneâs home is not enough, but it is a good start. As long as youâre not forced to sell in a down market, the equity in your home can be helpful.â
Michael McGee is a financial planning expert who specializes in retirement planning. He works with clients to create a financial analysis so they can see the big picture and make wise investment choices. Read Michaelâs articles on http://retirementplanningoaklandcounty.blogspot.com/ to learn more.
Contact: Michael S. McGee, MBA Financial Advisor 888 West Big Beaver Suite 850 Troy, MI 48084 248-720-0300 Email: email@example.com
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