National Retirement Planning Week, April 12

It’s National Retirement Planning week, and the Oregon Division of Financial Regulation asks, are you ready to retire on your terms? According to a recent study, only 25 percent of baby boomers expect to receive lifetime retirement income from a pension, yet 85 percent acknowledge that it is important to have an income source other than Social Security. “No matter what stage of life you are at, it takes a comprehensive plan to retire on your terms,” said Andrew Stolfi, division administrator. “We invite Oregonians to use this week to focus on key retirement planning steps, such as starting early, creating a budget, considering a financial planner, and avoiding fraud.” This week-long effort to focus on retirement planning aligns with the Gov. Kate Brown’s proclamation declaring April 2018 as Financial Literacy Month. Oregonians who are curious about where to start can visit http://dfr.oregon.gov/gethelp/manage-finances/Pages/index.aspx for information ranging from debt management and creating a budget to understanding credit and tips for investing.