Three Retirement Principles And One Company Are Changing How We Prepare For Retirement
ACCESSWIRE
01 May 2021, 01:43 GMT+10
PROVO, UT / ACCESSWIRE / April 30, 2021 / At the end of a long and fruitful career, it can be difficult to decide what to do next. You might consider that you have nothing left to accomplish, or that your life is simply too busy. But retirement doesn t need to mean an end, but rather a new beginning. With so much uncertainty in today s world, it is more important than ever to plan for your future and take control of your financial situation.
For many, planning your retirement with an advisor can feel like an awkward dance. You re not sure if the advisor is biased from commissions. Are you getting advice that works for the whole picture (investments, taxes, and estate planning)?
Clear Retirement News: Three Retirement Principles And One Company Are Changing How We Prepare For Retirement
The Principle of Income
The principle of income suggests that you only draw retirement income from accounts that have not received significant losses. Failing to do so may have negative effects on your income and assets, and may ultimately compromise your retirement.
Let s say you have $1,000,000 in retirement, and you need to take $40,000 out as income each year to support yourself. Your account makes 6% ($60,000) in year one, and you take $40,000. No problem because the account went up. You drew income from an account that had made money.
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Clear Retirement News: How To Elevate Your Retirement In 3 Steps
BEND, OR / ACCESSWIRE / February 3, 2021 / Retirement is one of the top 10 most stressful moments in someone s life. Why? It is likely because of all the unknowns and changes.
When fear is at the forefront of our minds, we tend to want to avoid the topic altogether. This is why the advisors at Elevation Capital Strategies, continue to see retirement plans that are either incomplete or non-existent. The key problem? A lack of understanding of what questions to ask and how to put together a complete retirement plan.
This is why Cathy Mendell and her team at Elevation Capital Strategies put together a simple process that helps solve complicated issues. They call it the Elevate Your Retirement Process.
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