Imagine yourself as a 46-year-old woman married to a 48-year-old-man. Both of you have a career.
Unless you have prepared a retirement plan you don’t know.
There are a lot of moving parts that affect your retirement. One of the biggest questions is how much it will cost you to live when you retire. Each person is different; expectations for your retirement lifestyle are different than your neighbor’s. Here are just a few of the things that factor into how much it will cost to live once you retire:
Then there are the other factors that determine what it will cost you to retire.
What are your income sources in retirement?
What are your personal investment assets to supplement your income sources?
The good news for this couple is that they have a decade or more to adjust their savings or their retirement goals. Unfortunately, too many people leave the planning until too late.
Arie J. Korving, a CERTIFIED FINANCIAL PLANNER™ professional, has been delivering customized wealth management solutions to his clients for more than three decades. Prior to co-founding Korving & Company, he was First Vice President with UBS Wealth Management and held management positions with General Electric.