Retirement Planning

Michael Bradfield.00_01_13_18.Still001

Where will your retirement money come from?

If you’re like most people, qualified-retirement plans, Social Security, and personal savings and investments are expected to play a role.

The goal of retirement planning is to achieve financial independence. Start now by setting firm and achievable goals for when and how you can retire. We assist you in developing a plan based on your common interest, lifestyle, and goals — planning and preparing for the impact of retirement on your finances with savings, investing, and correct decision-making choices.

Once you have estimated the amount of money you may need for retirement, a sound approach involves taking a close look at your potential retirement-income sources.

You’ve probably seen projections that estimate anywhere from 60% to 90% of your current income may be needed as your retirement income. But this approach, while simple, may give you an unrealistic idea of what you potentially might need. Instead, look at your current expenses and decide which of those are expected to remain after you retire.