There are many obstacles that can trip up even the best-intentioned retirees today. For starters, this is not your parents' retirement. While they lived an average of 7-8 years in retirement, many of us are expected to live 20-30 years! As a result, you've got to make your money last longer.
What is more, the pension plans of yesterday have been replaced by 401(k)s, 403(b)s & IRAs, even as many people have watched their savings depleted by over 50% twice since the year 2000 due to economic recessions.
You've worked a lifetime in order to secure your dreams & live a comfortable retirement. Many people do not realize however that the skills required to accumulate assets are different than those required to preserve your wealth, maximize your income & create a legacy for your family & community.
A common complaint voiced by many retirees is that they live on fixed incomes even though the cost of everything is increasing. Do you know how to keep more of your own money by spending it in the most tax-efficient way? Has your current financial advisor protected your savings from losses due to Market downturns? Do you have a plan to give yourself a "raise" periodically to keep up with the rising cost of living? Have you created your own personal pension that is guaranteed to last a lifetime?
At AngelRoyce, we work with legal, tax & healthcare professionals as necessary to give you the tools for meeting your retirement goals. Click on the Key Information tab to learn more about how to preserve your assets, increase your income & create a legacy for your family & community.
AngelRoyce Wealth Advisors is a Registered Investment Advisory Firm in South Carolina.