Subscribe to Guide
No Result
View All Result
Hamptons.com
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
No Result
View All Result
Hamptons.com
July 8, 2013

Preparing For A Confident Retirement

Rocco A. Carrieroby Rocco A. Carriero
in Real Estate
Home Real Estate

The Retirement Check-In® study found that on average, Americans nearing retirement report a gap of nearly $200,000 between what they have saved, and what they believe they will actually need to live comfortably in retirement. According to the same survey, many Americans also lack confidence about being able to cover the necessary expenses in retirement such as housing, food and taxes.

Planning for retirement can be complicated, but breaking it down into simple steps, as demonstrated in the new Confident Retirement® approach can be a simple way for those nearing – or in – retirement to begin planning. The approach takes into account four fundamental areas:

Covering essentials. This is the foundation of any retirement strategy and includes ongoing necessities such as food, housing, taxes and medical expenses. Because economic conditions may always be a little uncertain, your goal should be to fund essential expenses with sources of guaranteed or stable income. This may include social security or a defined benefit plan, among other options.

Ensuring your lifestyle. Most people who are planning for retirement have additional goals they want to pursue—traveling, hobbies, and relocation are just a few. Consider working with a financial professional to develop a sustainable strategy that will cover the expenses that come with your lifestyle goals.

Preparing for the unexpected. Unanticipated events can have a devastating impact on your retirement plans. Since they’re no longer earning a salary, retirees typically lack the financial flexibility to make up for consequences to their retirement plan from unexpected events. Personal liability, medical expenses, supporting a family member and loss of a spouse are some of the most common unanticipated events. Developing a game plan to navigate these bumps in the road that may occur during your retirement is important.

Leaving a legacy. After accounting for essential, life, and unexpected expenses, it’s time to create a legacy plan for any of your remaining assets. Having a plan in place for your loved ones and the causes that are important to you is an essential part of planning for the future. To be effective in your legacy plans, aim to maintain control and leverage as you age. The potential for some types of impairment increases during retirement, so in order to help ensure that your assets are used according to your wishes, consider having these three documents prepared: a healthcare directive, living will, and limited financial power of attorney. Also make sure your beneficiary designations are up to date and that you’ve begin putting an estate plan in place.

The Confident Retirement approach developed by Ameriprise Financial uses the four principles outlined above as a framework to help advisors and their clients work towards their retirement goals. It’s never too early – or too late – to start preparing for retirement. Consider working with a financial professional to define and work toward your unique retirement goals.

Sign up for our weekly newsletter!

Get the top Hamptons events and latest scoop!

What's Happening in the Hamptons

Related Posts

Style, Strategy, and Stacey Cohen’s Eye for What’s Next in Hamptons Real Estate
Real Estate

Style, Strategy, and Stacey Cohen’s Eye for What’s Next in Hamptons Real Estate

July 10, 2025
Hamptons Real Estate Market Data – Week of 7/1/2025
Real Estate

Hamptons Real Estate Market Data – Week of 7/1/2025

July 8, 2025
South of the Highway New Construction – Rare Opportunity
Real Estate

Three New Construction Opportunities: Southampton, Wainscott, and East Hampton

July 8, 2025

Search Articles

No Result
View All Result

LOCAL EVENTS

Events

11
Jul
11
Jul
-
13
Jul

Vivrelle x BONBONWHIMS Event

July 11 @ 08:30 AM - July 13 @ 06:00 PM
Vivrelle Bridgehampton Pop Up, 2397 Main Street, Bridgehampton, NY
11
Jul
11
Jul
-
13
Jul

Six In The Mix at Ashawagh Hall

July 11 @ 12:00 PM - July 13 @ 04:00 PM
Ashawagh Hall, 780 Spring Fireplace Road, East Hampton NY
11
Jul
11
Jul
-
11
Jul

Fridays at Five: Kelly Corrigan

July 11 @ 05:00 PM - July 11 @ 06:00 PM
Hampton Library, 2478 Main St, Bridgehampton, NY 11932
11
Jul
11
Jul
-
11
Jul

Pre-Shabbat Summer Fair

July 11 @ 06:00 PM - July 11 @ 07:30 PM
17 woods lane
11
Jul
11
Jul
-
11
Jul

Live Music throughout July at The Clubhouse: Salt Hill Band

July 11 @ 06:00 PM - July 11 @ 09:00 PM
The Clubhouse 174 Daniels Hole Road East Hampton, NY, 11937
Load more listings
Next Post
LongHouse Reserve Holds Student Annual VI Art Show

LongHouse Reserve Holds Student Annual VI Art Show

    Facebook Twitter Instagram Youtube
    Hamptons.com

    Saunders Broadcasting Corp.

    Phone: 631-613-8440
    Email: [email protected]
    Facebook: Facebook.com/HamptonsOnline
    Twitter: @Hamptons
    Instagram: @HamptonsOnline

    About Us | Contact Us

    Hamptons.com

    • Lifestyle
    • Events
    • Real Estate
    • Live Cameras
    • Public WiFi

    Subscribe

    Sign up for our weekly newsletter!

    Get the top Hamptons events and latest scoop!

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us

    No Result
    View All Result
    • Spotlight Magazine
    • Lifestyle
      • Featured
      • Entertainment
      • Arts
      • Community
      • Dining
      • Recreation
      • Trending
    • Events
      • Events Calendar
      • Post an Event
      • Gallery
    • Real Estate
      • Real Estate Features
      • Search Real Estate
        • Open Houses
        • Search Sales
        • Search Rentals
      • Title Insurance
      • Happening In The Hamptons Podcast
    • Live Cameras
      • All Live Cameras
      • Live Weather Cams
      • Amagansett, Atlantic Avenue Beach
      • Bridgehampton, West Scott Cameron Beach
      • East Hampton Village, Main Beach
      • East Hampton Village, Main Street
      • East Hampton Village, Newtown Lane
      • Hampton Bays, Ponquogue Beach
      • Hampton Bays, Ponquogue Bridge
      • Hampton Bays, Shinnecock Fishing Dock
      • Hampton Bays, Tiana Beach
      • Long Island Aquarium | Coral Reef
      • Long Island Aquarium | Penguins
      • Long Island Aquarium | Shark Tank
      • Montauk, Downtown Circle
      • Montauk, Lars Simenson Skatepark
      • Montauk, Gin Beach & Inlet
      • Montauk, Sunset Beach & Inlet
      • Sagaponack, Sagg Main Beach
      • Sag Harbor, Foster Memorial Beach
      • Sag Harbor, Long Wharf Marina
      • Sag Harbor, Main Street (South)
      • Sag Harbor, Windmill Beach & Bay
      • Shelter Island, South Ferry
      • Southampton, 39A to Montauk Hwy Merge
      • Southampton, Conscience Point Marina
      • Southampton Village, Coopers Beach
      • Southampton Village, Main Street (South)
      • Southampton Village, Main Street (North)
      • Southampton Village, Main Street (Hildreths)
      • Westhampton Village, Main Street (East)
      • Westhampton Village, Rogers Beach
    • Public WiFi
      • Public WiFi Map
      • Public Wi-Fi Support

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us