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Avoid an Aimless Retirement

Financial Planning Insights Investing Behavioral Finance Lifestyle

Wandering through life with no plan is classified as aimlessness.  Don’t let your dream retirement become an aimless existence filled with anxiety and fear.  Craft a flexible financial plan and implement systems to help you navigate any situation life, the economy, and markets can possibly throw your way.  

Conservatively, retirement can last 20 to 30 years.  In order to make the most of this phase of your life drilling down into the details can make all of the difference.  

Understanding how much income you can expect to receive from your Social Security benefits, pension, and savings can alleviate your anxiety about running out of money in retirement.

Having an intimate relationship with your expenses will be immensely impactful when it comes time to determine if your hard-earned nest egg will be able to meet the income gap that comes with retirement.  

The fact is that most people have just a rough estimate of their living expenses if they have any idea at all.  I get it, life is busy and can be overwhelming at times.  How are we supposed to know to the penny how much we spend on our living expenses every month while also having a family, career, friends, pets, and hobbies, in other words, life.  

Some select few will have extensive spreadsheets of their living expenses going back years, to those few, congratulations your planning process for retirement will be a bit easier on you.  To the rest of us, taking the time to dig into your living expenses is the only way to attempt to plan for retirement income.  

Once income generation and monthly spending are accounted for, implementing a system of tax-efficient distribution of assets, portfolio construction, risk assessment, claiming Social Security benefits, and determining Medicare coverage round out your blueprint for retirement. 

The devil is in the details, with the complexity of retirement planning and the gravity of your decisions you may look for experts to help you out.  For over 40 years Michael Brady & Co. have helped our clients successfully navigate all of the questions and concerns that come with retirement, market volatility, and economic uncertainty.

If you and your life savings are being ignored or feeling taken advantage of, come join our family. We are a family-owned financial planning and investment advisory firm that promises to treat you like family. No products. No hard sell. No gimmicks. Just honest advice based on four decades of experience.