Paul was in a conversation with a friend who told him to save 15% more than he expects he'll need for retirement. He sent us a question asking if his friend was right.
The core of the question is this:
How do you know if you'll have enough money for retirement?
The problem is there is no easy way to know your "number" because it's tied to your life and what you dream for the future.
- How much do you save?
- How much do you spend?
- Do you want your money to sit in the market or a pension?
- What is your bent towards investing?
- What is the life you dream for in retirement?
Do you have a plan built specifically for you and your future?
It's easy to show you what it looks like using some simple tools. Here are some of my favorite blogs for you to read more, or you can reach out to our team and we can discuss your specific plan.
All of us know social security is in trouble. How can you make sure you’re prepared for retirement? So many people come into my office every day and are convinced they’re never going to be able to retire. Here's the truth.
Does an IRA still work even if you aren't? This question comes from Lisa, who possibly received bad advice from the bank.
A lot of people assume they have to keep going forever. And that isn't true unless you've run some actual tests!
Are we going to be okay? It's not black and white, and you need to know what to expect. Listen in as we explore the deeper reality here.
Here's what you need to realize about retirement today whether you are close to retirement or just beginning to invest
This is HUGE because the far majority of my clients have 401K's composed of mutual funds and some simple, small changes will equal BIG long-term rewards.
The game has changed. If you are looking to retire in the next eight years, or if you're in your 50's this so important to your retirement.
Inflation is sneaky, but it's constant. And you can beat it if you plan.