12 KEYS TO A HAPPY, SECURE RETIREMENT
• Start planning early. Time is your best friend.
• Clearly define your retirement vision, values, priorities, and trade-offs.
• Get expert help with retirement income planning. Use conservative assumptions and run sensitivity analysis. Recalibrate your plan annually at a minimum so that you can keep your spending in check. You don't want to overspend or underspend.
• Don’t forget to factor in increased spending on health care as you age. There's a huge difference between public and private long-term care facilities. Which would you prefer?
• Review the asset mix of your investments. In order to draw a consistent income from your portfolio, you cannot afford to ride market volatility. Consider the cash wedge strategy.
• Change as needed to meet the objectives identified in your financial plan.
• Consider the tax implications of your plan.
• Develop a formal, written investment plan.
• Employ traditional and alternative assets for your portfolio. There are 12+ asset classes to consider.
• Hire professional investment management if you can’t be confident of your or your advisor’s ability to deliver steady portfolio returns to meet your plan.
• Measure performance against your plan.
• Have fun and enjoy the time and money!
Learn more about our planning process to help you get your total financial house in order and keep it that way for life. We can ensure you have enough money to fund your current lifestyle, a plan in place that will ensure you reach your future goals, and the confidence to handle whatever comes your way.
Retirement Income, Investment & Tax Planning,
Willis J Langford BA, MA, CFP
Nancy Langford CRS
Our job is to help you get your financial house in order so that you can live your ideal lifestyle confidently with purpose and peace of mind.
