When it comes to planning for retirement, most people are focused on achieving some “magic number.”
If they achieve $500,000, $1 million, $5 million, or whatever number the number is …
They believe that’s what it’ll take to retire comfortably.
There’s no doubt that achieving a savings goal is a great accomplishment.
But know and believe it’s what you do with your money that really matters.
There are more moving parts to planning for retirement than most people realize.
For example, you need a thorough plan for …
✓ Reducing your taxes (with your IRA, 401K and other tax-deferred accounts)
✓ Turning your savings into a consistent stream of income (from different sources)
✓ Maximizing your Social Security benefits.
✓ Navigating the devastating impact of required minimum distributions (RMDs).
✓ How to pay for the skyrocketing cost of healthcare and long-term care.
✓ Making your Medicare choices, and so much more.
If you don’t have a carefully thought-out plan for these things, it’s the fastest way we know how you could run through your entire life savings far too soon.
Many people believe that financial planning is just for the wealthy.
We would argue the opposite is true
And here’s why …
If you’re really wealthy, you can afford to make some mistakes because you have enough money to recover. It may even go unnoticed.
But if you’re the kind of person who needs to make the most out of every dollar you’ve saved for retirement, then you can’t afford to overlook or underestimate anything.
Does that make sense?
This is why we made having a comprehensive financial game plan a part of ourRetirement Planning Checklist (you can download it by clicking HERE).
Learn more about the benefits of creating a comprehensive financial game plan with the three options below.
Whenever you’re ready, here are 3 ways to create a comprehensive financial game plan for retirement…
Watch an on-demand, online discussion about different pillars of retirement planning. Click HERE.
If you haven’t already, please join us for one of our upcoming free, educational events about planning for retirement. Check out our next events HERE.
Learn how you could make the most out of every dollar you’ve saved for retirement with our B.O.S.S. Retirement Blueprint. Schedule an introductory analysis with one of our fiduciary advisors by calling (801) 682-1493.
Advisory services offered through B.O.S.S. Retirement Advisors, an SEC Registered Investment Advisory firm. Insurance products and services offered through B.O.S.S. Retirement Solutions. The information contained in this material is given for informational purposes only, and no statement contained herein shall constitute tax, legal or investment advice. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. You should seek advice on legal and tax questions from an independent attorney or tax advisor. Our firm is not affiliated with the U.S. government or any governmental agency. Please note that we are unable to accept any trade requests via email, voice message or text.
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