“How much is enough?”
“Will my savings last?”
As financial advisors, we field many different types of questions from our clients — but it’s safe to say that these are two of the most prevalent.
And they’re concerns that extend far beyond our immediate client base: nearly half of everyday, working Americans say that retirement is the top financial worry that keeps them up at night.1 Toss in headline-dominating issues like the Social Security shortfall and rising healthcare costs, and the retirement income conundrum grows more complicated.
For some retirees, these worries have escalated into real-life issues. According to a recent HSBC survey, almost 40 percent of retirees said that if they could do it all over again, they would have started saving earlier — and 30 percent wish they had saved more.2
It’s time to combat these statistics and start finding solutions. Like most people, you probably already know the rules of thumb for retirement readiness: start saving early, and make an effort to boost your 401(k) plan contributions throughout the years. If you’re already doing this, you’re on the right track.
But the key to making those savings last isn’t just what you have; it’s how well you manage your cash flow.
In the most recent segment of our OneBite™ Webinar series, we shared a three-step approach to creating a plan that can help you make the most of your savings through every stage of retirement. Keep scrolling for a replay of the full presentation, plus resources that can help you put this approach into action.
Not Those “ABCs”…
It can be scary to think about a time when you won’t be able to depend on a regular, biweekly paycheck from your employer. Instead, you’ll be writing a paycheck to yourself, using the assets you’ve accumulated in the years leading up to retirement. Here’s a quick glimpse at the tips and topics you’ll explore during the webinar replay:
— The “ABCs” to preserving your nest egg and income stream in retirement
— How to manage your retirement cash flow and tax situation
— Other sophisticated, money-saving techniques to consider when withdrawing assets in retirement
Want to follow along with the video recording? Download the presentation slides.
Put Your Distribution Plan Into Action
When it comes to planning for your financial future, you might think that retirement is the end of the road. But a solid, stable plan is one that evolves as your life, goals and priorities change, even after you’ve started your second act.
Download these resources to get a head start on the planning process and learn how to enhance other aspects of your financial picture.
Let’s Get Started
A trusted partner can provide clarity and perspective around your financial goals and help you see them through.