How We Can Help You Plan Your Retirement

After many years of hard work, we know that you are excited to retire and enjoy your golden years. You must be sufficiently prepared for your future so that you can truly relax and enjoy your life. One question you may have is what exactly do you need to retire comfortably? Our team of professionals at Guardian Financial Management in Flower Mound, TX, can help create a personalized strategy that considers all of your wants and needs as you begin to plan your non-working years. 

Creating The Best Strategy For Your Needs

When creating your retirement plan, we will take your income needs and long-term goals into account to ensure you can have a comfortable retirement. The first goal is to ensure you have enough money to cover your basic living expenses. Your plan should include guaranteed income sources that cover your necessary monthly expenses like housing, food, and health care needs. This could consist of an annuity, social security, or a pension. Traditional pensions are rarer these days, so annuities purchased through an insurance company may provide you with more protection. After this has been established, more ways to increase your income can be discussed with your advisor.

Have A Plan For Your Assets

During your working years, you may have the option to add to a company 401k plan. If you change jobs or retire, you have the option to leave the money, withdraw it, or roll it into a new plan such as an IRA. An IRA, or Individual Retirement Account, is an account that you can contribute to with your pre-tax income. This could allow the money to grow tax-deferred, meaning you can continue to contribute to the account without paying taxes. If these assets are not used for your retirement, they can be passed down to a beneficiary to give them security in the event of your passing. Your trusted advisor can guide you through legacy planning to help you pass down assets to your children and grandchildren.

Keep Your Long-Term Needs In Mind

There are many things you need to consider as you plan your retirement. What age you want to retire, taxes, estate planning, future health care needs, and more, are all aspects that should be discussed and considered as you create a plan. As you age, it’s important to know your options for healthcare assistance and living options in the event you need additional care. Long-term care for yourself and a spouse can be quite costly, but having a plan can help ease your worries. A trusted advisor can help give you peace of mind to ensure that your needs, wants, and potential emergencies can be taken care of.

Talk To An Advisor Today!

Our team of professionals wants you to feel confident in your financial future. Call Guardian Financial Management in Flower Mound, TX, today at (972) 996-7858 to schedule an appointment with an advisor.