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:
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?
By starting early and regularly contributing to retirement accounts, you can potentially accumulate a nest egg that provides a reliable income stream in retirement.
Life expectancies are increasing and it's essential to plan for a retirement that could span several decades.
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.
Life happens, goals change. Never assume that the plan you created will never need to be updated.