Our Services

10 Risks That Can Derail Your Retirement

  • Have a plan so you don’t outlive your income
  • Know the facts before making your permanent retirement decisions
  • Understand the importance of developing tax-free pools of money

Learn These Risks And Secure Your Post Retirement Future

You may be considering retirement, but are understandably worried about what this may mean for your income, your lifestyle, and your family. The choices you make before you retire can have a significant impact on the quality of your life later on, so now more than ever, it’s vital to get prepared.
  • Did you know that you can potentially miss out on hundreds of thousands of dollars by not understanding how to claim your pension and social security?
  • Outliving your money is a real possibility.
  • You and your spouse could be left with nothing.
  • When the stock market is down and you are withdrawing an income, you go through your nest egg very quickly.
  • Without a sound asset allocation strategy, the inevitable fluctuations of your investments can be very scary, which can cause you to make investment decisions that are based solely on your emotions.
  • After 30 years of being retired, you may need at least 2.5 times the amount of monthly income that you had before you were retired.
  • If you are too conservative with your investment portfolio, inflation may eat away at your fixed income.
  • Without a tax strategy on how you are going to plan out your retirement, you may lose large portions of your portfolio when it is passed down to future generations.
  • You run the risk of the majority of your money being taxed at a higher tax rate if you have no tax strategy.
  • If you have no tax-free sources of money, your money could all be taxed when you take it out of your retirement accounts.
  • If all of your sources of income are taxable when you take them out at 65 or older, this can cause your Medicare premiums to be higher and your social security benefits to be taxed.
  • People turning 65 in 2017 have a 69% chance of needing long-term care.
  • Will there be enough money for you to pay for it? And will there be enough money for your spouse to live on once that bill is taken care of?
  • You may be overpaying for subpar retirement advice.
  • High annual investment fees can erode the future nest egg you need to stay retired.
  • Investment fees can be confusing.
  • Studies reveal the fastest growing demographic is people who are 100 years old or older. Is your retirement set up for a 50-year retirement?
  • Outliving your retirement income is a reality.
  • A couple who is 65 in 2017 should live to the age of 90.5.
  • When your significant other dies, do you know which benefits that you will continue to get and which of them will end at their death?
  • Are you prepared if your spouse has a catastrophic event and passes away? Is there enough money to pay for the medical bills, funeral and final expenses, debts, loss of income, and other critical issues with less monthly income coming in?
  • There are many unfortunate events that may come up in your lifetime that can cause financial hardship, such as divorce, lawsuits, pandemic, health issues with children or grandchildren, natural disasters, accidents, and laws changing.
  • Have you been planning for the reality of an imperfect retirement?
  • Are you going to leave money by mistake to an ex-spouse?
  • Will your estate avoid probate costs?
  • Are you aware of how much estate, income, and probate taxes your estate will be reduced by?