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While working over the years, you’ve probably thought on more than one occasion about retirement. You’ve probably asked yourself, “When will I retire?” And after contemplating your answer, you were probably left with the question of “how much money do I need to have saved in order to retire?”
One of the greatest fears in retirement is running out of money. How much money do you need to save to live comfortably? Will I have enough to cover my expenses?
Will you have enough retirement income with a 4% safe withdrawal rate? What if the markets perform poorly, do you adjust your withdrawals? And if the markets perform well, do you withdraw more money?
It’s important to develop an income strategy for life despite a number of risks to your portfolio, to ensure you have enough to cover your expenses throughout your retirement.
You might assume Roth Conversions are just for young people. Wrong! Retirees are often great candidates for Roth conversions, and they can help diffuse a “ticking time bomb” of taxes.
95% of investment advisory firms charge their clients about 1% of their portfolio. And that 1% looks just as harmless as the Butterwort’s small green leaf. Let's discover how that 1% can cost you hundreds of thousands in retirement savings.