Retirement Planning: What You Need to Know
Do you already have an idea of how much money you want to save for retirement? If so, what particular goals are first on your list, and which are perhaps less important? These are just a few of the many questions you need to ask yourself as you prepare for this phase of your life.
Retirement planning can be tricky, overwhelming and sometimes a bit discouraging especially as you worry about its financial matters. We are here to help you reach your long-term or short-term retirement goals by providing you with the guidance, tools, and services you need for a successful plan. Our team of trained professionals will help you every step of the way as we review with you the different aspects of retirement and sort out which plan is best for you based on your financial situation, needs, and way of life. Here are ways in which our service can help you achieve a qualified retirement plan on every level:
Short and Long Term Retirement Goals
Our firm will help you identify and prioritize your short or long term objectives according to your personal desires. For example, short-term goals could be to purchase a car or start renovating your home which usually requires much less money than long-term goals such as college savings for a family member or perhaps buying a new house.
We will also examine the costs of each of your specific aspirations and help you achieve them with great advice and helpful tips. We can help you establish a budget so can spend your money reasonably without worrying about bills as you spend less than what you earn. We can assist you with a variety of things such as tips on paying off high-interest credit card debts or installing an emergency fund. We’ll also propose tips on choosing virtuous financial investments as well to make sure we help you live an economically secure life after you’re done working.
Do You Have Enough Money for Retirement?
This is another key question to ask yourself. Whether or not you have enough money to live a decent, pleasant life as you retire is something we will make sure to evaluate closely. Most adults can’t answer “yes” to this question because most people don’t know how to estimate their future needs (especially if they are long-term). We’ll facilitate this by reviewing your current savings, future financial needs and how to make you achieve those goals. We’ll also help determine the value of your retirement funds such as employment retirement plans and insurances you already have.
We will meticulously analyze and come up with an accurate estimate of how much money will be needed for your medical needs during retirement as well. This analysis looks at your current job/income, savings, life expectancy, and medical and health care expenses. Furthermore, we’ll take care of determining possible inflations in health care to determine upcoming expenses. This is something to pay very close attention to since it can greatly influence your overall monetary needs.
Getting to know you personally to provide you with the best service is also important to us. Meaning, as we compile a retirement plan, we’ll look at aspects of your life that will determine how much money you’ll necessitate. Whether you enjoy traveling, fine dining, volunteer work, or particular hobbies, your way of life well help us greatly calculate and eventually establish your living costs during retirement.
Use Rukosky & Wapner for all of your retirement planning needs: Raleigh NC, Durham NC, Garner NC, Apex NC, Chapel Hill NC, Wake Forest NC
