Retirement is one of those things that feels like it's a long way off, right up until it's not. Nonetheless, being proactive and having a plan can make all the difference when it comes to living out the retirement you’ve always imagined. Start gathering a pre-retirement checklist to help you create goals, determine a realistic timeline, and keep your finances front of mind.
A fiduciary is a person that acts on behalf of another person while putting that person’s needs ahead of their own. Burt Hutchinson, CPA, CFP®, Founder and Wealth Advisor, and his team are fiduciaries by nature. It’s who we are. Our own ethical standards drive us to produce the best results for each and every client.
You’ve worked hard to save and make smart investment choices. Your goal is a smooth transition into retirement with peace of mind about your financial future. But those years of preparation can still leave you questioning exactly how to pull it off. Let’s dig into the ins and outs of social security as a retirement benefit and why deferring may be in your best interest.
Integrated Wealth Management is a financial advisory firm with offices in Wilmington and Rehoboth Beach, Delaware. As fee-only financial advisors, we don’t charge a commission, we charge a fee in exchange for our services. Our clients have come to appreciate this simple business model due to the transparent nature and added assurance that our recommendations are not commission driven.
Looking back, would you have benefited from a true understanding of a few key money concepts a little earlier in life? Most of us were taught to save and to give through doing chores or dropping money in the offering plate. While these principles are great, they don’t often lead to wealth or the ability to leave a legacy as most of us strive to do.
It’s no longer a secret — Delaware is a magnet for retirees. They’re drawn to the dunes, captivated by our quaint coastal towns, and attracted to Delaware’s low cost of living. Add in its proximity to neighboring metropolitan areas, cultural opportunities, and all Mother Nature has to offer — it’s no wonder communities like Rehoboth Beach are growing.
If you regularly consider questions like:
Will I be able to retire on my timeline?
Will I even have enough to retire?
How exactly will I withdraw money from my retirement accounts?
Then you’re likely a pre-retiree. Most people have some form of these same questions when they first meet with our wealth management advisors. It’s not just about age anymore, most find themselves desiring to retire in about 10 years when they first meet with us.
It’s common for the roles to reverse as we age — we begin watching out for our parents as they once did for us. For various reasons, people find themselves managing finances for their aging parents. While helping them keep up on their monthly bills may be straightforward, there are a few other factors to consider.
