Will you have enough money in retirement?
Discover With Our Easy-To-Read Book:
7 Steps To Retiring With More Certainty, Even In A Declining Market.
Learn how to prevent Sequence of Returns risk from wreaking havoc and potentially ending your retirement.
To retire and be able to live your life in a truly abundant way... it takes knowing that your financial picture is taken care of.
If you're a Baby Boomer, and you want to set yourself to enjoy what matters most to you in retirement, there are 6 essential pillars you need to know about that are utilized by almost every successful retiree..
The 6 Financial Pillars in Retirement™
1) Realistic Goals
You need a clear vision of what you want your retirement to look like. It should be clearly articulated and budgeted for, and it must be realistic with the amount of income and assets you'll have at your disposal
2) Sufficient Income
Whether it's through optimizing Social Security and pension, or generating income through investments and annuities, your income needs to be adequate to meet your needs and sustainable throughout your lifetime.
3) Tax Efficiency
Not having a plan for tax-efficiency could have a huge impact on your retirement outcome. Things like knowing which retirement accounts to draw from first and taking advantage of a potentially lower tax-bracket could easily save you tens of thousands of dollars.
4) Investment Allocation
You should use a variety of investment types, each accomplishing a specific purpose within your plan. They should be efficient in terms of taxation and expenses, and all your investments should work together to provide you with liquidity, safety and growth.
5) Risk Management
Have you identified how things like market risk, inflation risk, longevity and sequence of returns risk might affect you over time?
These are some of the most common threats to retirement that need to be measured and dealt with in advance.
6) Evaluation Over Time
You need to have check points periodically over time. Were your assumptions realistic? Are you still on track to meet your goals? Have there been any changes in the markets, taxes or your life? Any of these could be a reason enough to make adjustments or change course.
Having these 6 Pillars in place is what allows people to retire and live abundantly.
Because knowing that your money will be there lets you spend more time on the things that matter most:
like travelling, hobbies, and taking care of yourself as well as the people that you love.
I'm Reno Frazzitta, CFP®
My team and I help successful Baby Boomers implement the 6 Financial Pillars in Retirement...
So they can be more confident about their finances and go about living the lives they envisioned.
Download One Of Our Guides Designed To Arm You with Empowering Knowledge.
7 Steps To Retiring With More Certainty, Even In A Declining Market
Market volatility during your retirement brings not just investment losses, but an an entirely new risk that can cause your whole retirement to fail.
Quite Simply: Sequence of Returns Risk is likely biggest threat to your retirement...and almost no one ever talks about it.
Learn how to avoid it in this easy-reading book.
The Retirement Readiness Scorecard
Knowing you've done your due- diligence to ensure your retirement will be a success can make a world of difference in your outcome financially as well as in your overall life.
This 8-point checklist will guide you through which areas you might have covered, and which areas still need to be worked on.
Consumer Awareness Guide To Fixed & Fixed-Index Annuities
Don't buy an annuity until you've read this consumer awareness guide.
Deciding whether to buy an annuity (as well as which type of annuity makes sense) could be one of the biggest financial decisions you'll ever make.
This guide walks you through the important things to know to avoid the biggest mistakes people make when they buy annuities.
Copyright 2018 Smart Money Financial Advisors, LLC