A Comprehensive Overview of Retirement Accounts
Retirement Planning is Harder than it Looks:
When you were younger, you probably remember putting pennies and quarters into a piggy bank to save up for a new toy or for something special. Saving for retirement over the course of your life will likely require you to invest what you save, not just put it away, for it to successfully support your retirement goals. There are so many retirement accounts out there for you to use or that you may have acquired over your lifetime.
The key now is to fit all these puzzle pieces of your retirement together so that they provide you with what you need when you need it. This guide for pre-retirees and recently retired individuals will act as a general playbook to inform you about what retirement accounts are out there for you to utilize, and how to best use the retirement accounts you already have.
IS THIS YOUR STORY?
Most of the people we sit down with have done an incredible job of accumulating wealth over their lifetime in their IRAs, 401(k)s, and other retirement plans. However, they often feel overwhelmed and uncertain when it is time to transition into another season of life.
We find that when we visit with those nearing retirement during our 5 Point Retirement Defense Plan Review many lie awake at night worried about their future and are unable to answer the three most important retirement questions:
Will I have enough to retire?
Will my money last as long as I do?
Will my spouse be okay if I pass away?
We understand that most have never been shown how to transition from accumulating wealth to then generating the income to replace their paychecks as they enter into retirement.