If you fear you will outlive your money in retirement, you aren’t alone. It’s a common fear among retirees, and it is something that happens more often than it should. In a time when people are living longer, how can you make your nest egg last throughout your lifetime? We recommend you seek professional retirement planning and investment management help to ensure you live well in retirement and aren’t forced to return to the workplace.
Our CEO, Mark Henry, had been working in the finance and business sectors for over 30 years when he founded Alloy Wealth Management in 2011. His passion for helping others and his belief that you must look beyond a certain dollar amount to achieve success in retirement resulted in the name of our firm. An alloy is a combination of several metals that are stronger when used together than when used alone. Retirement planning is just one piece of a financial puzzle, and all the pieces must be in place before you can retire comfortably and without worry.
To ensure you won’t outlive your money, you need to think beyond a dollar amount. You need to understand how your retirement income will be impacted by taxes, because you will pay taxes after you retire. Some retirees even pay taxes on their Social Security benefits. You will also need to learn how to withdraw from your accounts in a tax-advantaged way to make your money last. Tax planning will help you minimize the impact of taxes on your financial efforts.
An investment manager can educate then enable you to build an investment portfolio based on your financial goals, desired retirement age, and risk tolerance. Since returns on investments are affected by inflation, and stock market downturns are inevitable, it’s important to mitigate risk when creating a long-term investment strategy. The cost of healthcare, overspending, and poor planning are a few reasons why people outlive their money in retirement. Alloy Wealth Management is committed to helping pre-retirees and retirees make sound decisions that positively impact their financial futures. Call 800-689-3935 to speak with one of our team members.