Pre Retirement is about saving, investing, and accumulating. Having a plan early in the process will only help you have the best opportunity for a comfortable retirement. It is also being strategic about debt and wise about insurance. Some of these items need to be addressed as early as 10 years prior to retirement. Hope is not a strategy. Planning is. There are no guarantees with most investments, but if you can take your market risk early in your career then you may not need to take it in retirement. Furthermore if you can minimize the major losses and have consistent returns over a long period of time you should be better than wild swings of gains and losses. Understanding the best way to save for retirement is critical. You want to take advantage of your tax situation and this is different for every person. Choosing between your company retirement plan and a Roth IRA can make a significant difference when you start the distribution phase of your life. It takes very little effort early in your career to make a few wise choices to guide your path, but the longer you wait the more limited your options will be. We specialize in helping you make the best choices for your specific situation.
Post Retirement is about income and where it comes from, not outliving your assets, and minimizing factors that can wreck your savings. Making the wrong choice here will impact your lifestyle for the rest of your life. How much is that steak dinner worth when you compare it to the rest of your life? There are many companies that are selling “solutions” for retirement, but do they have your best interest at heart? A very small percentage of Certified Financial Planner TM practitioners choose to work exclusively by the hour to provide clients with completely unbiased advice. We do this because we believe at this critical part of a person’s life a client cannot risk making a decision that is not completely unbiased. Even after you have retired you can make wise choices about what to do next. You may not be able to reverse some of the decisions, but you can begin making wise ones going forward. Finally we want you to understand where your income comes from and what it costs, so we educate our clients on the true cost of each option.
So whether you are just starting to think about retirement or have already retired our experience can assist you in making sound decisions about your future. If you have questions please send us an e-mail info@feeonlyplanningnc.com or call us in our office at (919) 341-0277 and we would love to help you address your retirement questions.