Most people approach their retirement years having mixed emotions about the next phase in life. What will they do? What will their health be like? Will they be able to go traveling? Will they be bored?
One of the most common retirement questions that we are asked is:
Will our money outlast us, or will we outlast our money?
In order to provide our clients with an accurate answer to this question, we recommend having a retirement discussion, which includes these types of questions:
- What are your specific retirement goals?
- What does your savings plan and financial situation look like today?
- What will be your expected retirement needs and income sources?
From these questions, our goal is to put together a retirement plan that leads to a desired retirement picture. At the end of the day, if we have clarified the unknown, brought to light a path to follow, and put in place a way to get there, then we have brought value to the relationship we hold with our clients.