What's Retirement Readiness?Submitted by LWM | Linden Wealth Management LLC on October 31st, 2019
Are You Ready?
Retirement readiness means you have the financial resources to cover all expected and unexpected expenditures throughout the remainder of your life and that you can continue to maintain a high standard of living no matter the situation.
Readiness is an objective all retirees seek. Still, the path to getting there will vary depending on your finances and unique circumstances.
So, how will you know if you're ready? The answer to that question is more involved than you might think.
In years past, retirement was more straightforward. Pensions covered most of a retiree's income needs. With the advent of defined contribution plans like 401-k's, the burden shifted from employer to employee.
We are living longer, retiring younger, which means our retirement dollars and income must last longer. With longevity comes increased health care expenses, and sadly for married couples, the likelihood one spouse outlives the other.
Retirement should be the most rewarding and fulfilling time of your life. Active financial planning can help ensure that's the case replacing doubt with greater certainty that you've got this covered!
If you'd like help assessing your retirement readiness, please reach out to us.
About Gerry and Linden Wealth Management
As a fiduciary and fee-only advisor, I don't make money by selling financial products. I'm free to recommend the strategies and investments that make sense for couples and individuals, based on a clear understanding of where you're headed in life.
If an open conversation of this kind will be helpful to you, request an appointment now. Feel free to call out any specific questions you'd like me to address.
*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets.