Can I Retire?

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Beth Schanou

Our clients experience a variety of motivations to commence working with our team on the development of a financial plan.

Through the process, many questions are answered and a clearer path toward goal achievement is constructed.

The plan delivers clarity for a variety of questions including:

·         Am I saving enough?

·         Have I implemented necessary measures for my family in the event of my untimely disability or death?

·         Can I retire?

·         When should I apply for Social Security?

Most of the questions addressed through planning are dependent on knowledge of one critical variable: Spending. Knowing how much money a household needs to maintain a desired lifestyle is essential to planning.

As a part of our information gathering, we ask our clients to complete a living expense worksheet. The worksheet lists various categories of spending from groceries to utilities to pet products and others. The reason we request living expenses in this manner is for the eye-opening experience it provides our clients. Our clients often report having been somewhat out-of-touch with their spending, at least to some degree, before going through this exercise.

A household’s perceived amount of spending versus its actual amount of spending can move the needle on when they can comfortably retire by a matter of years. We believe the expense gathering process is indispensable for our clients to complete so we can generate the most accurate projections and provide the best guidance in addressing questions such as, “Can I retire?”

Contact us to discuss developing a financial plan and to assess your spending.

 

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

The Stages of Retirement

By Mike Gertsema, Senior Wealth Advisor When we meet with most of our clients, we discuss retirement in different stages that we call the Go-Go Years, the Slow-Go Years, and the No-Go Years.

Marketing Slogans

By Mike Gertsema, Senior Wealth Advisor I see all the same marketing and advertising that you see from investment firms saying how they “offer something different” compared to other investment firms. Their slogans have been well-researched and sound great, but they’re missing a very importa …

4 Hurdles in Retirement Beyond Your Investment Portfolio

Becoming hyper-focused on only one aspect of a problem is pretty much never a good approach. A racecar driver who only focuses on speed and ignores strategy won’t win races, at least not many of them. A carpenter who only hammers in nails won’t build strong structures. 

Your Silicon Valley Bank Questions Answered

You likely have heard about the recent Silicon Valley Bank (SVB) collapse and probably have questions. Here, we provide you with unbiased answers to your questions.

1 2 3 115 116 117

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us