Broker Check

Retirement Planning

If you're like most people, retirement planning is a major priority. Whether you want to purchase a dream home or visit your favorite destination, the appropriate time to plan is now. While you won't be receiving a regular income, you want financial back-up in your golden years. Do you have a retirement plan in place? If not, this is the time you considered one. Read this quick retirement planning guide to get started.

What are the Benefits of Working with a Certified Investment Management Analyst?

A CIMA works alongside the client on the same side of the table. He only receives fee compensation and as the client’s account increases in value, the CIMA also participates. Vice versa, if the account drops, both the client and the CIMA advisor earn less. So the CIMA has an incentive to field the best independent money managers. Like a manager in baseball, a CIMA must field the best players to win during the regular season and to reach the World Series.

Understanding Risk and Time Horizon

Time horizon is critical when preparing for retirement. It helps you understand how you need to invest or save to achieve your goals. A comprehensive retirement plan includes short-term and long-term goals. You want to evaluate your situation and choose investments that align with your objectives.

How to Ensure You Don't Run Out of Money in Your Retirement

After retirement, you want to relax and pursue things you love like traveling. However, it's not uncommon to find some seniors struggling due to insufficient retirement savings. Don't let financial instability impact your life after retirement. These tips can help you:

  • Create a budget
  • Minimize your taxes
  • Minimize market downside risk
  • Diversify your investment portfolio
  • Take a part-time job

Do Annuities Have a Place in Your Retirement Plan?

Retirement annuities can guarantee you a steady income after retirement. This can be for the set period you choose or a lifetime. Combining your retirement savings and Social Security with retirement annuities can develop a robust and secure plan.

How Can Taking Money in a Downturn Impact Your Retirement Assets?

During market volatility, it can be a risk for your retirement plan. If you don't want to experience increased anxiety in a downturn, you need to watch out for your spending habits. Experts recommend not withdrawing over 3% to 5% of your money during the first year of retirement for lifestyle maintenance. You can adjust your yearly withdrawal while keeping pace with inflation.

Is Your Portfolio Positioned for Your ‘Longest Vacation'?

Ignoring risk assets can be detrimental to retirement planning, especially when unexpected market changes occur. Are you nearing retirement? It may be vital to invest a portion of your money for your portfolio's overall expansion. You also want to focus on minimizing risks to reduce the possibility of negative returns.


Is My Family's Future Protected if Something Happens to Me?

Most people may not be comfortable thinking about the departure from their loved ones. However, the future is uncertain, and it's better to plan in case something occurs. Would your family members have proper financial protection to carry on their day-to-day activities?

This is where proper retirement planning comes into play. As you invest and diversify your portfolio, ensure you keep your family's future in mind.

I am Retiring in 2-3 Years. What Should I Do Now to Prepare?

Are you about to retire and want to make the experience comfortable and fun? Start making the necessary measures right away. Consider your retirement goals and objective and take vital steps such as:

  • Investing and diversifying for growth
  • Downsizing your debt
  • Evaluating retirement expenses
  • Evaluating your health and more

What are the Biggest Risks to My Retirement Plan?

When creating a retirement plan, it's critical to factor in the unexpected, including possible risks. Here are some risks you can anticipate:

  • Family and personal risks like marital status change
  • Financial risks, including stock market volatility and inflation
  • Public policy risks such as increased taxes
  • Housing and healthcare risks, including unpredicted medical bills

When Should I Start Taking My Social Security?

You can begin taking your Social Security retirement benefits when you hit 62. However, the full retirement benefits entitlement starts after you retire. If you prolong taking your benefits, the amount increases.

Let an Experienced Retirement Advisor Help

Retirement planning may not be as straightforward as it sounds. If you want to make the most out of it, work with a qualified retirement financial advisor to help you navigate the process.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. |  561-420-9557

Let's Get In Touch!

Thank you!