Living a life that's fulfilling on purpose, as well as one that's free from financial stress, doesn't happen by chance. Nothing worthwhile usually does.
When you think about it, most people have various sources of wealth that can be translated into degrees of freedom to allow them to design a lifestyle supported by that wealth.
We also know overall spending levels decline with age. However, what you may not know is most retirees experience a significant spending surge right around the time of their retirement as spending on home renovations, debt elimination and travel pick up. A spending change of more than 20% in each of the three years following retirement is not uncommon.
Your challenge is that if you are like most people, you do not know what you need ꟷ or even if you need anything ꟷ so any kind of advice is going to involve solving a rather complicated puzzle that needs somehow to help you look into your future.
Retirement advice can be complex and time consuming because there are so many different factors to take into consideration. For example, you need to really think about your longer-term objectives, understand the key issues you face, and be able to compare and contrast the options available to you so that when you make a financial decision regarding your retirement, not only does it satisfy your short-term objectives, it doesn’t jeopardize your longer-term objectives.
Given this, most people will benefit from taking professional advice to achieve their desired retirement outcome.
Working with a competent financial advisor who understands what will make your life meaningful to you, and who will create a customized plan with you to integrate your financial life with your personal goals will make your life easier and deliver the best outcome for you.
Our focus is on the utilization of your money to support and achieve your retirement goals. It takes only a little more time to do it right the first time (and you may not have a second time). Why risk your retirement or your peace of mind?