Retiring Is Easy, Staying Retired Is Difficult.
We Specialize In Keeping You Retired.
Don’t Believe These Retirement Planning Myths
- If you can save up $1 million, it will be enough for your retirement. False! $1 million simply isn’t what it used to be. People are living longer and the cost of living is going up! Having $1 million in retirement savings simply isn’t going to guarantee a successful retirement.
- After you retire, you’ll spend less money. While a lot of people expect to reduce their spending and cut frivolous expenses once they retire, this isn’t the case. Typically, we normally see clients who actually end up spending more money after their initial retirement. You’ll end up traveling more, spending money on new hobbies, and do things you weren’t able to do when you were working.
- If all else fails, Social Security will take care of things. We sometimes see that clients haven’t saved much for retirement because they feel that Social Security will be able to carry them through retirement. Actually, even in the 1930’s when Social Security was originally introduced, it wasn’t ever meant to be a primary source of income during retirement.