Ohio Financial Planning Newsroom

State Treasurer Bradley Encourages Ohioans To Begin Planning For Retirement Today

Ohio Treasurer of State Jennette B. Bradley encouraged Ohioans to establish a retirement plan early or refine an existing strategy as part of an overall personal financial plan. On-demand video financial training sessions including retirement planning are available via State Treasurer Bradley's Web site as part of the federal observance of April as “Financial Literacy Month.”

“Planning for retirement is an important aspect of developing a personal financial plan,” said State Treasurer Bradley. “Retirement planning requires a long-term strategy that should be thoroughly researched and implemented as soon as possible, regardless of age and lifestyle. It’s impossible to start too young.”

In developing a retirement plan, individuals should assess their current situation, future income potential, and retirement goals. Build the plan by selecting investment tools that are appropriate for the established retirement goals. These goals and retirement strategies may need to be adjusted over time as income and expenses change.

An important consideration is that today people are living longer than in previous generations which increases the need to account for inflation. While inflation has been relatively steady during the past decade, it could make it more difficult to accumulate resources in advance of retirement or to maintain an adequate living standard over a long retirement. Read more at ohio.gov

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