July 03, 2019
Gaining financial independence is no easy task, but necessary for anyone who wants to someday stop working. As life expectancy continues to grow the amount of retirement we need to plan for also continues to expand. This is why beginning to ask yourself some simple questions about how you want to retire can make all the difference.
The simplest and first question everyone should ask is what would your life look like during retirement? Would it include travel? Leisure? A new home? The possibilities are endless when you start to plan ahead! Once you have the image built you can begin to decide how much it’s going to cost? These two things get you the basic figures needed to start crunching some numbers and testing out your likelihood of success. There are numerous things we can do to increase our chances of success such as save more, tax-advantaged retirement accounts, change the allocation of your savings accounts, and considering insurance policies that could help in the long run.
These are all things we cover here at Alpha Wealth Management, and strive to make simplistic for our clients. This way the path to retirement is clear. In addition, planning ahead can allow you to invest in your retirement passively, meaning you can focus on the things that mean the most to you! If you have any questions about planning for your future feel free to reach out to me at any point.
Full Article: https://www.forbes.com/sites/financialfinesse/2017/07/05/7-steps-to-declaring-your-financial-independence-day/#68ec394f44e7
Andrei Jigalin, CFP®
Financial Advisor, Principal
Alpha Wealth Management and Planning
350 Ignacio Blvd., Suite 105
Novato, CA 94949
P: 415.506.4569
F: 415.508.3467
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