If you are approaching retirement, the most important thing you can do to live a financially independent life is to plan for retirement. Yet, more than half of Americans are so far behind on saving for retirement, they won’t be able to retire at their desired age.
There was a time when individuals worked at the same company for decades and retired with a large pension and substantial Social Security income. Today, people live longer, pensions are uncommon in private-sector jobs, and health care costs are skyrocketing. Yet retirees are eager to lead active lives, experience new adventures, and give back to their communities.
At Access Wealth, we develop measurable and realistic retirement plans that help you achieve financial independence so you can live out your retirement goals and dreams.
Planning for retirement can feel daunting. Budgets may be stretched thin as you care for elderly parents, support adult children, and try to save for your own goals. Healthcare costs and education costs are rising. Tax laws change constantly and can create uncertainty.
An organized approach to retirement planning can make the process easier. Here are some important questions to consider as you prepare for retirement.
If you cannot confidently answer these questions, we encourage you to contact an Access Wealth advisor. We can develop a personalized retirement plan that will answer these questions and more. Planning for retirement today will give you confidence that you can maintain your lifestyle, not outlive your money, and remain financially independent.
When we develop your retirement plan, we analyze six key areas
It can be hard to balance retirement planning with other financial priorities, such as saving for college, buying a new home, taking vacations, and saving for milestone events, such as a wedding. A written financial plan (which includes your retirement plan) illustrates how you can balance these savings goals and provides different scenarios to help you decide how to budget for retirement and the years preceding it.
The goal of the financial planning process is to help you achieve financial independence. Financial planning enables you to assess where you are today and where you want to be tomorrow, providing a roadmap to help you achieve your financial and non-financial goals. Not having a financial plan and a retirement plan are two of the most common mistakes individuals make.
There are many retirement saving plans available. The best retirement plan for you will depend on many factors, including whether you are working, what your employer offers, your age, and your tax bracket.
Our financial planning approach gives you a clear picture of where you stand financially and provides you with direction and discipline to help you achieve your retirement goals.
Are you wondering, “How do I find the best retirement planner near me?” Look no further. The retirement planning specialists at Access Wealth can help. Call us today to begin planning for your retirement and learn how to chart your course to financial independence.
The question isn’t at what age I want to retire; it’s at what income.”
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