Can I Retire?

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Beth Schanou

Our clients experience a variety of motivations to commence working with our team on the development of a financial plan.

Through the process, many questions are answered and a clearer path toward goal achievement is constructed.

The plan delivers clarity for a variety of questions including:

·         Am I saving enough?

·         Have I implemented necessary measures for my family in the event of my untimely disability or death?

·         Can I retire?

·         When should I apply for Social Security?

Most of the questions addressed through planning are dependent on knowledge of one critical variable: Spending. Knowing how much money a household needs to maintain a desired lifestyle is essential to planning.

As a part of our information gathering, we ask our clients to complete a living expense worksheet. The worksheet lists various categories of spending from groceries to utilities to pet products and others. The reason we request living expenses in this manner is for the eye-opening experience it provides our clients. Our clients often report having been somewhat out-of-touch with their spending, at least to some degree, before going through this exercise.

A household’s perceived amount of spending versus its actual amount of spending can move the needle on when they can comfortably retire by a matter of years. We believe the expense gathering process is indispensable for our clients to complete so we can generate the most accurate projections and provide the best guidance in addressing questions such as, “Can I retire?”

Contact us to discuss developing a financial plan and to assess your spending.

 

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Social Security

You’ve worked hard for your Social Security. Now, it’s important to understand how to maximize your Social Security by incorporating the correct strategy for you into your wealth plan. Check out our infographic for important facts you should consider to Maximize Your Social Security Benefit …

American and Immigrant Parents: Life Lessons about Money

Growing up in a third world country and moving to the U.S. is a dream for many immigrants. So when my mother received the Visa for my sister and I to come to the U.S., we packed our bags and were ready within the day.

10 Questions to Ask Your Advisor

We’re on a mission to deliver trust, transparency and accountability to clients. As your trusted advisor, we equip you with the tools you need to make educated decisions regarding your financial future. To start, we have listed 10 Important Questions That Each Investor Should Ask Thei …

Retirement Funding: More than a 401k Account

Published by Mark Petersen People have many different ways of saving for retirement. One may utilize pre-tax or post tax savings, invest in appreciating assets or collectibles or even allocate money to assets which may simply maintain their value over time.

1 2 3 90 91 92 93 94

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation