Retiring is a big step and many people have questions about whether they have enough income to retire. A FEE-ONLY financial adviser can help you determine if you have enough retirement income to retire comfortably.
For example. a FEE-ONLY financial adviser will review your:
Social Security: Social Security is an important source of retirement income for many people. A FEE-ONLY financial adviser can help you understand how much you can expect to receive from Social Security and how that income can be integrated into your overall retirement plan. They can also help you maximize your Social Security benefits by guiding you on when to start taking them.
Dividends and Interest: Dividends and interest from investments can provide a steady stream of income during retirement. A FEE-ONLY financial adviser can help you determine how much income you can expect to receive from your investments, and how that income can be used to meet your retirement income needs. They can also help you choose investments that provide a balance of growth and income.
Pensions: Pensions are becoming less common, but they can still be an important source of retirement income for some people. A FEE-ONLY financial adviser can help you understand the terms of your pension plan, including how much you can expect to receive and when payments will begin. They can also help you determine if your pension income will be sufficient to meet your retirement income needs.
Overall analysis: A FEE-ONLY financial adviser can help you analyze all these sources of income and provide a comprehensive retirement income plan that takes into account your entire financial situation. They can also help you identify any gaps in your income and recommend ways to fill those gaps, such as by working part-time during retirement or downsizing your living expenses.
Retirement is a big step and it can be hard to know if you have enough income to retire comfortably.
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