When the time comes, will you be able to retire comfortably? As retirement age approaches, many individuals belatedly review their finances to see if they can afford to stop working. However, often, these investors discover that they should have been planning for retirement much earlier.
Don’t wait until it’s too late to start determining if you are setting aside enough to retire on your own terms. A key step in assessing retirement-readiness is calculating where your money will come from once you are no longer working. In retirement, many individuals plan to live off social security and their investments. But there is a lot of work to do to ensure that these sources of income will be enough. While there are many tools online to help determine retirement income, often these tools prove inadequate and leave people with more questions than answers.
To avoid the risk of guessing how much income you’ll need and how much you have, we suggest seeking the advice of a professional. A financial advisor can help you realistically plan for your future and help your funds grow at the same time.
Let us help eliminate the guesswork in your ability to retire with our disciplined systems of investing tailored specifically to your investment goals. At DWAM, we can help you.