{"id":33,"date":"2023-02-15T20:33:09","date_gmt":"2023-02-15T20:33:09","guid":{"rendered":"https:\/\/adptsretirement.com\/retirementplanningguide\/?page_id=33"},"modified":"2023-03-13T16:54:43","modified_gmt":"2023-03-13T16:54:43","slug":"1-retiremenet-savings","status":"publish","type":"page","link":"https:\/\/adptsretirement.com\/retirementplanningguide\/1-retiremenet-savings\/","title":{"rendered":"1: Retiremenet Savings"},"content":{"rendered":"
[vc_row layout=”wide” css=”.vc_custom_1676644155268{border-bottom-width: 1px !important;border-bottom-color: #d0271d !important;border-bottom-style: solid !important;}”][vc_column offset=”vc_hidden-sm vc_hidden-xs”][layerslider_vc id=”2″][\/vc_column][\/vc_row][vc_row layout=”wide” css=”.vc_custom_1676644155268{border-bottom-width: 1px !important;border-bottom-color: #d0271d !important;border-bottom-style: solid !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md”][vc_single_image image=”558″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1676581459834{padding-top: 40px !important;}”][vc_column][vc_column_text]\n

It\u2019s entirely possible that your retirement assets may need to last 25 years or longer. Calculate the amount you\u2019ll need in order to cover your living expenses during your retirement years. Include such factors as:<\/h4>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner content_placement=”middle”][vc_column_inner width=”1\/12″][vc_single_image image=”123″ img_size=”full” alignment=”center” css=”.vc_custom_1676581629424{padding-bottom: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”11\/12″][vc_column_text css=”.vc_custom_1676581655904{padding-top: 10px !important;padding-bottom: 20px !important;}”]\n

Expected retirement age<\/h4>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1676566953375{margin-top: -20px !important;}”][vc_column_inner width=”1\/12″][vc_single_image image=”126″ img_size=”full” alignment=”center” css=”.vc_custom_1676567014907{padding-bottom: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”11\/12″][vc_column_text css=”.vc_custom_1676581721689{padding-top: 10px !important;padding-bottom: 20px !important;}”]\n

Monthly expenses (necessities vs. luxuries)<\/h4>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1676566966507{margin-top: -20px !important;}”][vc_column_inner width=”1\/12″][vc_single_image image=”127″ img_size=”full” alignment=”center” css=”.vc_custom_1676567020926{padding-bottom: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”11\/12″][vc_column_text css=”.vc_custom_1676581866197{padding-top: 10px !important;padding-bottom: 20px !important;}”]\n

Total savings from all sources<\/h4>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1676566975206{margin-top: -20px !important;}”][vc_column_inner width=”1\/12″][vc_single_image image=”124″ img_size=”full” alignment=”center” css=”.vc_custom_1676567027058{padding-bottom: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”11\/12″][vc_column_text css=”.vc_custom_1676581857796{padding-top: 10px !important;padding-bottom: 20px !important;}”]\n

Projected income<\/h4>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1676566984590{margin-top: -20px !important;}”][vc_column_inner width=”1\/12″][vc_single_image image=”125″ img_size=”full” alignment=”center” css=”.vc_custom_1676567035894{padding-bottom: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”11\/12″][vc_column_text css=”.vc_custom_1676581846666{padding-top: 10px !important;padding-bottom: 20px !important;}”]\n

Lifestyle and travel plans<\/h4>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1676582324486{padding-bottom: 20px !important;}”][vc_column][vc_column_text]\n

Because the cost of living rises slightly most years, you should ensure that you have enough savings to cover any cost of living increase each year. You may also want to meet with a financial planner who can consider all the variables and help you make the right moves to meet your retirement income needs.<\/h4>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1676565771336{padding-bottom: 40px !important;}”][vc_column width=”1\/6″][\/vc_column][vc_column width=”2\/3″][vc_row_inner][vc_column_inner width=”1\/2″][vc_single_image image=”169″ img_size=”full” alignment=”center” onclick=”custom_link” css=”.vc_custom_1676573825292{padding-top: 20px !important;padding-bottom: 20px !important;}” link=”https:\/\/adptsretirement.com\/retirementplanningguide\/1-how-much-is-enough\/”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_single_image image=”171″ img_size=”full” alignment=”center” onclick=”custom_link” css=”.vc_custom_1676573832144{padding-top: 20px !important;padding-bottom: 20px !important;}” link=”https:\/\/adptsretirement.com\/retirementplanningguide\/1-are-you-saving-enough\/”][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=”1\/6″][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1676581398485{padding-top: 40px !important;padding-bottom: 60px !important;background-color: #121c4e !important;}”][vc_column][vc_column_text css=”.vc_custom_1677018691077{border-top-width: 1px !important;padding-top: 20px !important;border-top-color: #d0271d !important;border-top-style: solid !important;}”]The information contained on this website is intended to summarize at a high level some of the provisions under the ADP TotalSource Retirement Savings Plan (the \u201cPlan\u201d). It is not intended to provide a full description of the Plan. In the event of a conflict between the official Plan document and this website, the official Plan document is controlling.<\/span><\/p>\n

Plan administrative services provided by Voya Institutional Plan Services, LLC (VIPS), a member of the Voya\u00ae<\/sup> family of companies.<\/span><\/p>\n

ADP, the ADP logo, ADP TotalSource and Always Designing for People are trademarks of ADP, Inc. Copyright \u00a9 2023 All rights reserved.<\/span><\/p>\n

\u00a9 2023 Voya Services Company. All rights reserved..
\n<\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row layout=”wide” css=”.vc_custom_1676644155268{border-bottom-width: 1px !important;border-bottom-color: #d0271d !important;border-bottom-style: solid !important;}”][vc_column offset=”vc_hidden-sm vc_hidden-xs”][layerslider_vc id=”2″][\/vc_column][\/vc_row][vc_row layout=”wide” css=”.vc_custom_1676644155268{border-bottom-width: 1px !important;border-bottom-color: #d0271d !important;border-bottom-style: solid !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md”][vc_single_image image=”558″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1676581459834{padding-top: 40px !important;}”][vc_column][vc_column_text] It\u2019s entirely possible that your retirement assets may need to last 25 years or longer. Calculate the amount you\u2019ll need in order to cover your living expenses […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-full.php","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-33","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/pages\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":25,"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/pages\/33\/revisions"}],"predecessor-version":[{"id":614,"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/pages\/33\/revisions\/614"}],"wp:attachment":[{"href":"https:\/\/adptsretirement.com\/retirementplanningguide\/wp-json\/wp\/v2\/media?parent=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}