“Retirement” is being redefined every day. Most important is what it means to you. I’m ready to listen. I don’t have any predetermined retirement plan for you, but I can help you develop one. Ask me “How much do I need?” and I’ll ask you, “What do you want to do?”
Some of us will remain more active in our careers for many more years than others and die with a full in-box. Some will want to cease all work effort and endlessly tour the world beyond age 50. Most will do something in between. Whatever is right for you, you need to be thinking about it long before it happens. The time to begin was yesterday.
Regardless of what your vision of retirement is, there is a time at which you will most likely have less income than expenses and some sort of reserves (savings) will be needed to cover the difference. If you have been thinking about retirement years based on average life expectancy, think again. Average life expectancy is a calculation for all persons over all years of life. Because people die at all ages due to a myriad of causes, illnesses, accidents, etc., the longer you live, the more “above average” you become. Therefore, if you are alive and reading this, there is a better chance, every day, that you will surpass average life expectancy.
Planning for those additional years can be daunting. It need not be. By maximizing savings strategies, tax advantages, and optimizing investment opportunities, you can put your money to work for you and not need to actually work for every dollar required for retirement years. Let’s talk.