Moving up to the top of the list of the things Americans fear most, is the fear that they will run out of money in their lifetime. With the cost of living increasing, longer life spans, as well as sometimes overwhelming task of financial planning, for many Americans this fear is well founded. Some are at risk for not having sufficient money to support them in a comfortable lifestyle throughout their retirement, however long it ends up being. This doesn’t have to be the case.
Knowledge is power, or in this case potentially worth its weight in significantly more retirement dollars, if applied well when it comes to navigating retirement’s complex financial decisions. Take for example the question of when to begin collecting Social Security; there are multiple options, each with its own serious financial implications. The average person may not be aware of the consequences of their decisions regarding Social Security. Ignorance, or lack of professional financial guidance can thereby compromise their ability to get the maximum yield from this retirement benefit along with their other assets.
While a lot of information is now available online, each individual’s situation is unique. For best financial outcomes when it comes to retirement, it is advisable to get a personalized consult with a knowledgeable professional, one who has experience in both financial and retirement planning. The cost of not doing so may be harmful to your finances and cause unnecessary stress.
“By showing Baby Boomers the most optimal time to begin to collect Social Security, as well as maximizing their other existing investments and assets, we can show them the path to leading a comfortable and enjoyable retirement. It is very rewarding to have a client realize that with proper planning, they may be well situated and can possibly live well for their entire life,” stated Retirement Income Advisors founder Artie Bernaducci.
Retirement Income Advisors helps Baby Boomers between 50-66 in New York and New Jersey coordinate and maximize all their assets, sources of income to yield the best possible retirement income and lifestyle. Their goal is to make the second part of life better than the first half financially.
To view the short video, or for more information go to http://www.retire-