If you have not downloaded our FREE Retirement Guide yet, you most certainly should! Get your now by clicking HERE! If you are getting ready for your next phase in life- Retirement- you’ve come to the right place. It means you have decided to take a more active role in managing your money and financial future. Between work and how busy our personal lives can become, taking time to manage your finances often gets pushed to the bottom of the to-do list.

We work with clients, helping prepare them for what we call the second act of their investing lives. The first act is what you did up to this point; investing and saving for your retirement. Now you will face some difficult financial decisions as you transition from working and saving into retirement and spending your savings. That’s where we are here to help! Again, to get a more detailed guide, download your FREE retirement guide right now, by clicking HERE. 

Step One: Get Organized

Step one, as you ease into your retirement and planning, is getting organized! This means getting all your information, and ducks in a row, getting all your finances/assets are in order. In this step, you will want to take a good look at your approximate monthly expenses, by looking at your last year of total expenses. Put together a little chart for each category. These categories will include things like Income,  Amount in Banks, Savings, Loans, IRA Accounts or other Retirement Accounts, Stocks and Bonds, all assets, etc. Create a little handmade chart to start your organization, and begin gathering all your information in one area. Here’s an example of a chart you can reference for each category:

To get a more detailed guide on what exactly what to chart, and how, you will need your detailed guide (download your FREE Retirement guide right here).

Step Two: Creating A Plan

Step two is pertinent to making sure you have planned out your retirement finances properly, so that you can retire in peace knowing you have enough funds to last you. There are two phases in our investing life. The Accumulation phase, and the Withdrawal phase. Retirees can make a big investment mistake by using the same investment strategy for withdrawing their money as they used to accumulate it. Minimize the impact of Withdrawals with the bucket strategy. The first ‘bucket’, is your income bucket, where you will keep 1-2 years of cash flow in very liquid assets. Your second ‘bucket’ is your income later budget, where you should keep an additional 2-3 years of cash flow.

Download our FREE Retirement guide HERE, to read more and get more details in creating your retirement plan!

Step Three: Taxes

You will want to consider Taxes and Inflation while you are creating your retirement plan. It’s easy to forget that any money coming out of retirement accounts like IRA’s or 401k’s, will be subject to ordinary income taxes. As well, we all probably notice that things get more expensive every year. When you’re working that isn’t a big deal. With raises and promotions, you don’t have to pay as much attention to inflation while working. But, once you retire, most of your income will be fixed so inflation will become more of a concern.

Download your retirement guide HERE, to learn how you can maximize tax benefits of your retirement accounts!

 

Contact Us!

Go ahead and download your guide, and get everything you can organized and planned out! Then you will want to get with your financial advisor to look over your plans, and help you organize further and set your plans in stone.

Give us a call at (952) 657-7470 or send us an email at info@assuredretirementgroup.com

We’ll See You Soon!

Getting Ready For Retirement
Rate this post

Sign up for our eNewsletter

Welcome! Please input your email address in the box below to begin receiving periodic email newsletters from Assured Retirement Group. Our e-newsletter covers timely financial news and planning strategies you can put to use. You will be able to unsubscribe at any time, and this service is free. Please let us know if you enjoy receiving the email updates and if there are any topics you’d like us to cover.

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

Schedule An Appointment:

Fill Out This Form To Get Instant Access To My Schedule! Pick A Day That Works Best For You!

You have Successfully Subscribed!

Retirement Guide Includes:

Financial Evaluation
Comprehensive financial assessment form.

Pre-Retirement Checklist
Our checklist lets you know exactly what you need and what steps must be taken before you retire.

Financial Inventory Form
Allows you to keep a detailed record of your assets in an organized manner so that your retirement options are clear.

You have Successfully Subscribed!

WhyWe UseWealthGuard

WhyWe UseWealthGuard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Why We Use Wealth Guard

Manage all of your accounts

Take control of your investments

Help protect your retirement

You have Successfully Subscribed!

Let Us Help You Prepare For Retirement

Get Instant Access To Our Retirement Video Series

You have Successfully Subscribed!