Do You Have a Plan? Can you afford your lifestyle in retirement?
Many investors worry that they will not be able to afford their lifestyle in retirement. As part of a recent survey with clients, we are adding additional capabilities (with a separate project fee/ consulting) to help clients see progress toward their goals and have an increased sense of security about their overall retirement lifestyle. The key is to align your portfolio with your retirement goals, needs, wants and wishes. We call this “Lifestyle Driven Planning”.
This software will interactively allow you to visualize multiple paths toward a successful retirement. Most choices include the following themes:
- Are you saving enough? Should you be saving 12% or 25%+ of gross family income?
- Are you living in a way that will require you to work longer? What age should you retire? What age should you collect Social Security? Will you run out of money? Can you pay for college.
- Are you on track to hit your goals and is your risk tolerance aligned with your goals? We do this with your portfolio and utilize factor tilts with DFA. What are my hopes and dreams? What is my bucket list? What is my legacy?
- Do you need to potentially lower your lifestyle in retirement based on the way you live now? This is the last option for many retirees.
Most clients want to live the life they want, have fun and enjoy their retirement. To make progress toward these goals, we need to define the goals and identify a PLAN. Markets can be unpredictable but your retirement planning doesn’t have to be. Our proven investment strategies can deliver peace of mind in good markets and bad. The most critical time for planning is 7 years before retirement and the first 5 to 7 years of retirment. It is important to have a dynamic approach to retirement planning.
Watch this short video below for details! Contact Todd if you want to discuss additional fees for this project.
“If you don’t know where you’re going (don’t have a plan), you’ll end up someplace else.” Yogi Berra
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You have successfully subscribed. Thank you! Here are some free resources - Video - A note from your future self - https://youtu.be/HKMYTLyhOGU 5 Free Checklists That May Save You Thousands – Really! Countless people need help in these areas. Checklists include: end of year tax planning, funding a child's college education, caring for aging parents, items to consider before you retire, critical documents to keep on file. Please like & share with family & friends. You can download the PDFs for free. https://www.integrityia.com/5-free-checklists-that-may-save-you-thousands-really/