There
are some pretty amazing things that happen around the time of retirement. For
many, it is a time of incredible change, perhaps the most dramatic change in
your adult life. Unlike marriage, or the birth of your children, you might not be
surrounded by family and friends ready to chip in and help when it’s time to
retire.
For some, retirement might seem like you are sailing off into the sunset or beginning a permanent vacation. To you, however, it might be one of the scariest things you have ever done. If you have experienced some level of financial success, it's because you watched your budget and made sure that you set aside a little bit every month or every year - preparing for this day. Now you have stepped away from the career that supported you and your family. Perhaps you have successfully put your children through college and paid off your mortgage.
Additionally, retirement would have you flip a magic switch that will change you from a “saver” to a “spender.” That paycheck you have been receiving for the last 40 years is now gone, and it's time to turn your carefully managed retirement plan into a lifetime income. Typically, there are three major changes in the relationship with your finances that occur upon retirement: managing your lifestyle change, defining your attitude about investment risk, and understanding how your savings will be affected.
Our company can also assist you with retirement planning. Our number one goal is to ensure that all of our clients have a comfortable retirement for the rest of their lives. No one should ever have to worry about “running out of money”. We can offer a wide range of solutions for anyone who is preparing for retirement. For many people, Social Security is their only source of retirement income, but that doesn't have to be the case. Annuities can be a powerful tool to bolster your finances. If you have any interest, or just want to talk about your future needs, we would love to hear from you.