3 Pitfalls for Retirement
To pursue financial freedom and security have always been a challenge. With recent events, it has become an even more complex and daunting task, fraught with many new challenges. We examine 12 main categories during our Retire Abundantly Assessment. However, the following 3 pitfalls are the ones we most often discover.
Unnecessary tax
Not enough money to last for the remainder of their lifetime
Market fluctuations
Unnecessary Tax
Most people don’t want to pay tax on the money in their retirement accounts, so they look to their accountant for tax-saving advice. Accountants may be able to help their clients save money through tax credits and deductions. While I work closely with accountants, as a financial advisor I can offer many strategies and solutions that are not available to accountants.
I am often asked, “Am I missing out on any tax benefits? Is there anything else I can do to protect my money from taxes?”My answer is, “I don’t know... unless...”
“... unless I know your specifics.” Of course. Similar to you asking a doctor, “Is there anything else I can do to protect my health?”
I can’t tell you for sure without getting specific details about your situation and spending some time with you.
Not Enough Money to Last for Remainder of Life
After retirees come to me for tax-saving advice, the very next concern I hear is “will we have enough?” This is the ultimate question that keeps people who are nearing retirement up at night. Helping clients achieve peace of mind on the matter is one of the most rewarding aspects of my job.
Market Fluctuations
The market is another area of concern for business owners, professionals, and retirees alike. Many have seen the effects of market corrections on their portfolio multiple times over the years, but most realize it has a significant impact on their lifestyle. All investors, especially retirees know that they don’t have the time to recover from a market correction that they used to. Ensuring proper asset allocation is a cornerstone in providing investors piece of mind.
If you are ready to see where YOU stand with these 3 or all 12 pitfalls, simply schedule a time for me to take you through our Retire Abundantly Assessment. It may uncover wealth blind spots, as well as potential missed opportunities to save taxes and upgrade your lifestyle. Imagine being able to discover your options quickly and easily. No obligation. No pressure. Just insights and honest answers.
