Your Goals
The conversation often begins with one question: How much money do I need to retire?
It’s a seemingly simple question, but actually one that illustrates the complicated task that retirees face. Just like there is no one tool that can help you build a sound retirement plan, there is also no “magic number” that will let you know you have enough to retire. There are many factors that affect how long your money will last, and therefore how much you need. But in addition to those things, your ideal retirement income amount is determined by your personal goals for retirement.
Do you plan on downsizing, moving to a small cabin on a mountain lake and spending the next 30 years fishing, or do you have your heart set on traveling the world, buying a second home in a foreign country, or helping pay for your grandkids’ college tuition? Different goals, clearly, will require different incomes.
Mitigating Risks
But then it gets a bit more complicated. Today’s longer retirement comes with a number of inherent risks that we have to consider. The only good retirement plan is one that protects and provides for you for the rest of your life, and in order to do that, your plan must mitigate risks. Clients are often seeking guidance on an array of financial risks, including experiencing protection against investment losses and how to guarantee sufficient income to meet rising costs. That includes rising healthcare costs, inflation, and taxes. Plus concerns about an increasingly unpredictable global market.
You just need to create a plan based on your personal goals, assets, and expenses that also take into account all of the potential risks of a long retirement. And here’s the good news: we can do exactly that.
Our Approach
Our approach starts with you, our client. Starting on a foundation of mutual respect and understanding, we dedicate the time needed to listen to your goals and educate you on realistic options. There are ways to create a retirement portfolio based on your specific goals that also have the ideal balance of risk and safety to provide you with enough growth to produce ample income despite inflation, longevity, and expenses like healthcare and taxes, but also enough safety to counterbalance market risks and protect your income and legacy. Our representatives at Trajan Wealth can help provide personalized solutions to fit your needs, so contact us today!
Free Annuity Guide
Considering an annuity as a part of your retirement income plan? Confused by the jargon? “Annuities Unmasked” is Jeff Junior’s complimentary guide to annuities. You’ll learn about the pros, the cons, and the key questions to ask before purchasing any annuity.
Annuities Unmasked
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