Achieving Financial Security

Almost all of the research conducted on the subject over the last few years shows that most individuals are unable to demonstrate financial security; particularly for their retirement years. This only underlines the fact that achieving financial security is a challenging process that requires careful planning and follow-through.

To be sure, financial security means different things to different people. But we’ll use a simple definition: having enough financial assets to cover your expenses, emergencies, and retirement without having any concern of running out.


  • It is obvious that it is better to start saving at an early age, but it is never too late to start.
  • In order to make saving easier, try treating your retirement savings as a recurring expense, similar to paying rent, mortgage, or a car loan.
  • If your lifestyle, income, or fiscal responsibilities have changed, it’s a good idea to reassess your financial profile and make adjustments where possible.
  • If you have enough income, consider whether you can increase the amount you save in tax-deferred accounts.
  • Proper asset allocation considers factors such as age, risk tolerance, and whether you need to have your assets grow or produce income.
  • If you are married, consider whether your spouse is also saving and whether certain expenses can be shared during your retirement years.
  • Unless you are experienced in the field of financial planning and portfolio management, engaging the services of an experienced and qualified financial planner will be necessary.

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