INSIGHTS & IDEAS
The Blog
Clear thinking on retirement, taxes, income, and the decisions that protect the life you’ve built.
When I Ask About Retirement, My Advisor Says I'm Fine but Hasn't Shown Me the Numbers
"Do we have enough to retire?" Your advisor looks at your portfolio and says, "You're fine. You have plenty."
That may feel reassuring in the moment. But later, more questions come up. How much can you actually spend? What if you live into your 90s? What if the market falls shortly after you retire? Have taxes, healthcare, travel, and other expenses been considered?
So you keep wondering, "How do I know if I have enough money to retire?"
At Retirement Wealth Advisors, we believe reassurance isn't the same as retirement analysis. A thoughtful conclusion should be supported by numbers you can see, question, and understand.
My Portfolio Has Barely Changed in Years. Is My Advisor Actually Managing It?
Can you relate to this? You open an account statement and notice many of the same funds, stocks, or investment products you've owned for years. Meanwhile, your career, family, financial priorities, and retirement date have changed considerably.
An obvious question comes up: Is my financial advisor managing my portfolio?
I’m Close to Retirement. Why Hasn’t My Advisor Shown Me How My Paycheck Will Be Replaced?
Perhaps you've been told you have enough money to retire. Your investments have grown, you've accumulated savings, and the projections look encouraging.
But are you still wondering, "How do I replace my paycheck in retirement?"
Typically, the direction of your money reverses in retirement. Instead of receiving a salary and regularly contributing to investment accounts, you'll begin relying on the wealth you've accumulated. Knowing your account balance and seeing a projected probability of retirement success isn't the same as knowing where next month's spending money will come from.
This article from Retirement Wealth Advisors examines what a retirement income plan should show you before you leave the workforce.