Retirement Planning and You!
Planning for retirement is one of the most important things that you’ll do. Jason Stelter, the owner of Triple Crown Wealth Management, is also the owner of Lexington Financial. Jason made Lexington Financial specifically to help individuals in all walks of life prepare for their retirement. We can help you avoid the costly mistakes and headaches that can come with retirement. Let’s make it something for you to enjoy!
What can I do to prepare for retirement?
- Consider Your Risk
Risk identification can be one of the most crucial components of maintaining your principal. If you are approaching retirement age, it’s safe to assume your primary concern will be keeping your money.
“The Rule of 100” is 100 minus your current age, the resulting number is what percentage of your portfolio should be held in market based products. If you are 60 years old, then no more than 40% of your money should be “at risk”.
- Clarify Financial Goals
What do you want to achieve with your money? Is your primary concern inheritance? Do you know if you’ll need to budget your current 401(k) or annuity products to maintain your current cost of living after your retire? Will you have your mortgage paid off, or does that expense need to be included in your retirement budgeting? These are the things you need to think about while you plan for retirement.
- Remain Accountable
Making continuous contributions to your 401(k) or employee retirement plan might not seem incredibly important when you are 35 years old.
The saying goes “Failure to plan is planning to fail”.
If you don’t have a concrete financial plan, and stick to that plan, you may have to make much larger contributions in a much shorter period of time. This can delay your retirement for years if done incorrectly.
Do You Need Comprehensive Help?
Having a Financial Advisor is an invaluable resource, but what about comprehensive financial assistance? This is where you need a financial planner! With over a decade of helping people structure unique retirement plans to fit their needs and budget, Jason can help you get the most out of your contributions, and make sure they adhere to your goal-set, risk tolerance, and result in a smoother transition into retirement. Here’s what will be included in your financial plan from Jason.
- Analysis of cash-flow and a statement of your net worth.
- A plan to achieve your short and long term financial goals.
- Personalized investment strategy with a mixture of market and non-market based products to maintain risk levels in accordance with your desire.
- Recommendations and reviews on estate planning, insurance coverage, and other considerations specific to you.
We offer this as a complete guide for you to follow with continuing assistance from Jason to make sure you stay up to date financially with your life changes! Be sure to ask Jason about financial planning if this will help you!