How mapping out a retirement plan can help save you more money

PHOENIX — For those that are getting ready for retirement, mapping out a plan is important to ensure you are financially ready for it.

Determining when you are ready for retirement can be a complicated matter, especially when determining how much savings you or family members in your household have.

Factors such as pensions, social security, spending patterns and guaranteed income can play a big role when determining if someone is financially ready for retirement.

Financial advisor Stewart Willis explained on the Asset Preservation Hour that everybody’s retirement plan is personalized and that the cash-flow model can be a helpful tool in retirement planning to make sure the plan can be sustained without delays.

“Everybody’s different. Everybody’s situation’s different, which is why it’s really important to make sure you cash flow out your retirement,” Willis said.

Planning out the longevity of the plan is important, especially for those 65 years and older as long-term care, estates and insurance can be factors that affect savings in a plan. Estate planning can be important in a retirement plan to make sure beneficiaries receive funds in an organized and timely manner.

Who to turn to for retirement planning needs?

Asset Preservation Wealth & Tax is the place to turn to for your retirement planning needs and will help personalize your plan and map out your financial goals along the way.

Asset Preservation Wealth & Tax will help assess factors such as tax planning, insurance and risk reports that can help save you more money.

“We can help you develop a personalized retirement plan that is tailored to your current needs and goals,” Willis said. “The team at Asset Preservation Wealth and Tax will sit down with you and provide an evaluation of your current path, including your investment strategy, tax planning, and risk management approach.

Receive a free portfolio review online or call 602-449-0146 for more information. 

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