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.
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.
Thanks to advances in technology, you have numerous investment options right at your fingertips. Beyond the constant emergence of new investing platforms, investment selection is also evolving. Target-date funds are a prime example of an easy solution for the DIY investor. But more and easier, in any regard, doesn’t typically equate to better.
Financial success revolves around educating yourself and consistency. That is exactly the case when it comes to maximizing the tax-advantaged accounts at your disposal. Some are available through an employee benefits package and others you can open on your own. Not utilizing them could leave you paying thousands of extra dollars to the IRS each year.
Diversification — the mixing of various investments in a financial portfolio to minimize risk. Investing does come with inherent risks. Utilizing risk management strategies and gaining a greater understanding of the rise and fall of the stock market through history can bring about a sense of predictability to your portfolio.
