How Do You Know When You're Ready to Retire?
Retirement planning is filled with ‘how do you know’ questions. How do you know if you’re saving enough? How do you know if you’ll have enough income in retirement? How do you know if you have enough to retire? We work to answer these with clients on a daily basis, and today we’re going to discuss how we work through these key retirement questions to help people find the right answer.
From income planning to savings strategies, Desmond provides practical tips and guidance for anyone working towards a successful retirement. Tune in to learn how to balance your savings goals with other financial priorities, how to determine the right amount of risk for your investments, and how to ensure you're financially ready to retire.
Here’s some of what we cover in this episode:
- How do you know how much income you’ll need when you retire?
- How do you know how much money you should have in your savings account?
- How do you know how much risk you should be taking with your investments?
- How do you know which retirement accounts (IRA, 401(k), etc.) are best for your situation?
- How do you know when you're financially ready to retire?