You might be familiar with the 4% rule, which recommends withdrawing 4% of your retirement savings in the first year, then adjusting for inflation annually. For example, with $3 million saved, you'd take out $120,000 initially. While it aims to offer a stable income and preserve your principal, the rule doesn't consider factors like market volatility, interest rate changes, taxes, unexpected expenses, or evolving personal needs. Marzano Capital Group can help you navigate these complexities and tailor a retirement plan that fits your unique situation. Contact us today to secure your financial future!
Steven Gallo,CFP®’s Post
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You might be familiar with the 4% rule, which recommends withdrawing 4% of your retirement savings in the first year, then adjusting for inflation annually. For example, with $3 million saved, you'd take out $120,000 initially. While it aims to offer a stable income and preserve your principal, the rule doesn't consider factors like market volatility, interest rate changes, taxes, unexpected expenses, or evolving personal needs. Marzano Capital Group can help you navigate these complexities and tailor a retirement plan that fits your unique situation. Contact us today to secure your financial future!
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You might be familiar with the 4% rule, which recommends withdrawing 4% of your retirement savings in the first year, then adjusting for inflation annually. For example, with $3 million saved, you'd take out $120,000 initially. While it aims to offer a stable income and preserve your principal, the rule doesn't consider factors like market volatility, interest rate changes, taxes, unexpected expenses, or evolving personal needs. Marzano Capital Group can help you navigate these complexities and tailor a retirement plan that fits your unique situation. Contact us today to secure your financial future!
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Exploring Investment Options: When selecting a retirement savings plan, it's crucial to assess the available investment options such as stocks, bonds, and mutual funds. Consider historical performance and choose a plan aligning with your investment preferences and goals. Tax Implications: Understanding the tax implications of your retirement plan is vital for optimal financial strategy. Some plans offer tax-deductible contributions, providing immediate benefits, while others allow tax-free withdrawals during retirement. Seeking advice from a financial advisor can help maximize the tax advantages associated with your chosen plan. Embark on Your Retirement Adventure with Us! 🚀 Contact us at https://lnkd.in/g59_KEaV for a Secure Future! #CanadianChildSavingsPlan #RegisteredRetirementSavingPlans #LifeInsurance #HealthInsurance #RegisteredEducationSavingPlan #CriticalIllnessInsurance #LongTermCareInsurance #MortgageInsurance
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High inflation can erode the purchasing power of your retirement savings, so planning ahead is essential. One approach is to adjust your asset allocation to include investments that historically outperform inflation, such as equities, real estate, and inflation-protected securities (TIPS). This can help protect the value of your retirement nest egg as the cost of living rises. Additionally, it's important to regularly reassess your spending plan. During inflationary periods, living costs can increase quickly, so a more conservative withdrawal rate may be necessary to ensure your funds last. Working with a financial advisor can help optimize your strategy and keep you on track for a secure retirement. #RetirementPlanning #InflationProtection #FinancialSecurity #AssetAllocation #Equities #RealEstateInvesting #TIPS #CostOfLiving #WealthManagement #FinancialAdvisor #SecureRetirement #RetirementSavings #LongTermPlanning #SmartInvesting #PersonalFinance
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Are you one of the 51% facing a retirement savings shortfall? It’s a stark reality for many, with factors like procrastination and rising living costs playing a role. But the good news? It’s never too late to take action. Start shaping your financial future today by contacting me to schedule your consultation. Don’t let time slip away – your retirement deserves attention now.
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Are you leveraging both asset allocation and asset location to maximize your retirement portfolio’s efficiency? While asset allocation focuses on diversifying investments to manage risk, asset location optimizes where those investments are held to minimize taxes. For instance, place bonds and income-generating assets in tax-deferred accounts to defer taxes, and growth-oriented assets in tax-free accounts like Roth IRAs. Imagine a retirement portfolio that not only balances risk and return but also minimizes your tax burden, providing a more robust financial foundation. Combining these strategies can significantly enhance your overall retirement plan. Review your investment strategy to ensure both your asset allocation and asset location are optimized. Discuss how you balance these strategies and their impact on your retirement goals! #RetirementPlanning #AssetAllocation #AssetLocation #TaxStrategy #InvestmentPlanning
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Thinking about your future? Understanding compounding interest can transform your retirement savings plan. Join us as we explore effective ways to boost your nest egg through the magic of compounding. Make informed investment decisions. https://hubs.ly/Q02l46dK0 #FinancialFuture #SmartInvesting #CompoundInterest #BulmanWealthGroup
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Curious about your financial stability as retirement approaches? Our article outlines eight vital financial wellness metrics, including Liquidity Ratio, Debt-to-Income Ratio, and Investment Diversification. These tools help you forecast your medical expenses, evaluate your savings lifespan, and ensure you're on track for a financially stable retirement. Take control of your financial future by understanding these crucial metrics. Learn how to apply them to your retirement plan now. https://hubs.li/Q02jwdyr0
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Are you contemplating your financial future? 💰 Why is retirement planning pivotal? It’s simple: longevity. With life expectancies on the rise, the twilight years can stretch into a few decades. Without a robust plan, the golden years could be tarnished by financial strain. A plan acts as a financial compass, guiding you through market volatility and economic changes, ensuring that your retirement savings last as long as you do. Prepare to transform your golden years into an era of prosperity and security by laying down a strategic plan today, read our full blog to find out how... https://lnkd.in/eFqemTaB
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As many know, market fluctuations can unexpectedly affect your retirement savings. One way to combat this risk is by transitioning to a more conservative investing approach as a person nears retirement. However, as inflationary pressures have reinforced over the last few years, it’s essential to balance a less risky approach with the need for long-term growth to keep up purchasing power. It can be a tricky balance to strike but one that our team is adept at navigating. With that in mind, do not hesitate to reach out to our team for guidance on managing market risks and securing your financial future as retirement approaches. We are here to help. 📞 614-423-4600 🔗 www.thepensiongroup.com
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