Retirement Planning
Most Americans don't have a number. Here's why that's dangerous — and what it takes to build a plan that works.
No cost. No commitment. No sales pressure.
Serving Clients Nationwide
Prefer to read? Here's everything Al covers in the video above.
It's no secret that retirement is expensive, and it's becoming more difficult for workers to prepare for it. Most retirees won't be able to survive on Social Security benefits alone — so that means you'll need a healthy nest egg and a robust retirement income plan.
How much will retirement actually cost? If that's a question that stops you in your tracks, you're not alone. Many Americans don't have a clue about how much they need to save for their future. That's alarming news, considering that pensions have dissipated and individuals are now expected to rely on themselves more than ever when it comes to saving for retirement.
You may have heard from some experts that a person needs about one million dollars in the bank to retire comfortably, or perhaps even more. The reality is, one million dollars probably isn't even close enough — especially if you live in an expensive state or city. But with all of the advice out there, how can anyone know which figure is most relevant to them? It is the million dollar question: how much do I need to retire?
The truth is, it comes down to each person. Every situation is unique. The variables that shape your number include:
Understanding what it's going to cost you to live comfortably in retirement is not a simple question. The only way to figure out your retirement number — how much you can spend, and how much you'll need in your golden years — is to complete a full financial plan.
It's important to remember that planning for retirement isn't something you do shortly before you stop working. Rather, it's a lifelong process. Throughout your working years, your planning will undergo a series of stages. You'll evaluate your progress and targets and make decisions to ensure that you reach them.
A successful retirement depends not only on your ability to save and invest wisely, but also your ability to plan. How much income you'll need in retirement is hard to know and tricky to plan for. But one thing is certain — it's far better to be overprepared than to wing it.
Some people don't want to do any calculations or run a financial plan because they're afraid of the answer. This is the ostrich approach. Don't do this. It is far less stressful to do the math, face reality, and figure out an action plan than it is to get to retirement and come up short.
For anyone interested in putting together a plan and running a retirement income analysis, I've set aside time to do a financial planning and portfolio review — at no cost. This is one hundred percent free, and there is no obligation to work with me after the review. This is your chance to peel back the curtain on exactly what your odds of success are in retirement at varying levels of savings and spending.
The modern financial planning toolbox often allows investors to restructure their portfolio allocations and financial plans to fix existing issues. All you have to do is click the button below, lock in your free financial planning and portfolio review, and choose a day and time that best suits you. I look forward to speaking with you soon and helping improve your future quality of life and retirement outcomes.
No. Our first conversation is a review — we listen to your situation, look at what you have, and tell you honestly what we see. If an annuity makes sense for your income plan, we'll explain why. If it doesn't, we'll tell you that too. We don't earn anything unless a product is placed.
Many of our clients do. We specialize specifically in annuity contracts and retirement income structure — most general advisors don't go this deep on the product mechanics. We regularly work alongside existing advisors as an independent second opinion on the annuity component of a plan.
That's one of the most common reasons people reach out. We review existing contracts regularly — the riders, the guarantees, the fees, and whether the structure actually fits your income plan. You may find it's performing exactly as intended. Or you may find it isn't. Either way, you'll know.
One conversation. No cost. No commitment. We'll show you exactly what retirement is likely to cost in your situation — and what a funded, structured plan would look like.
No sales pressure. No commitment. Most analyses completed within 2 business days.
