Do you dream of the day when you can retire and pursue your interests, travel, or simply relax from the pressure of the daily grind? In the past, retirement planning was a simpler process. Most retirees could count on employer-provided pension plans coupled with Social Security to furnish an adequate post-retirement income. Unfortunately, these two sources alone no longer provide sufficient funds for most people to maintain their pre-retirement standard of living especially when considering inflation, taxes and extended healthcare costs.
What’s the best way to save for retirement? When cooking up a retirement income plan, one recipe combines annuities with life insurance. Another recipe might include a combination of fixed products and a portion of ‘ingredients’ in the stock market with strategies to limit downside risk. Still another may be a combination of target funds and investments in real estate or alternatives like gold and silver. Which recipe you choose and how you mix these ingredients will vary depending on: 1) the number of years remaining until retirement; 2) how much you expect to receive from your employer, the government, and other sources; 3) your current savings; and budget along with 4) your individual risk/reward profile. It’s important to keep in mind that what works for a neighbor or co-worker may not be right for you.
Start Soon, Save More
It’s never too soon to begin a retirement savings program. The longer your planning horizon, the more choices you’ll have in selecting the best investments for your needs, and the more time you’ll have for your money to grow. Also, the sooner you start working with a professional specializing in retirement income planning vs. an advisor that focuses only on growth is the ability to adjust your plan as life and economic circumstances change.
Our Custom Retirement Paycheck Plan shows how to protect your retirement from the risks of unexpected market swings, tax changes, and health care expenses using a mathematically tested strategy to create lifetime income allowing you to stop worrying about outliving your money and get on with enjoying the rest of your life.
Let us show you in black and white a custom retirement income plan that is comprehensive, individualized and based on strategies that balance growth with downside protection. Get your Custom Retirement Paycheck Plan now
Give us a call at our Charlotte office at (704) 248-8549, or our Clemmons office at (336) 391-3409. Or, click here to request a no-cost, no-obligation meeting.
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