Retirement
Retirement
Retirement Planning is not just a strategy, it's personal. The CERTIFIED FINANCIAL PLANNERSTM at InVested Advisors work with clients to build a personalized plan based on their goals and unique circumstances. Below are some of the things that need to be considered when planning for retirement:
Set Retirement Goals
What does your retirement look like? At what age do you want to retire? Will you travel or buy a 2nd home? Will you need to financially support a family member? How much income will you need each month throughout your retirement?
Create a Budget and Start Saving For Retirement Now
By starting early and regularly contributing to retirement accounts, you can potentially accumulate a nest egg that provides a reliable income stream in retirement.
Avoid the Risk of Outliving Your Money
Life expectancies are increasing and it's essential to plan for a retirement that could span several decades.
Inflation Protection
Inflation erodes the purchasing power of money over time. Through retirement planning, you can account for inflation and ensure that your savings and investments grow at a rate that
outpaces rising costs.
Revisit Your Financial Plan
Life happens, goals change. Never assume that the plan you created will never need to be updated.