As summer draws to a close, we might be planning our last trip to the beach or a favorite weekend destination. Whether you choose to enjoy the long summer days by lounging around with a good book or doing something a little more physically taxing, summer is a special time that we’ve cherished since childhood.
We may feel nostalgic about summer because, as kids, it was a time that signified our freedom – no school, no homework, and lots of time outside. Even now, summer can provide a break from the usual grind, especially if you spend most of the year working long hours in your office. In many ways, retirement is a lot like those summer breaks from school. It’s a time of freedom with the ability to focus on doing the things you want to do with the people you want to do them with. Only this time, it doesn’t have to end with summer. It’s a permanent state of being.
However, unlike summer vacation when you were a kid, this endless summer requires a lot of planning. Think about how much time you spend planning a trip and how many details go into it – have you spent more or less time planning for your retirement? If it’s less, consider that a trip is only a week or two long, but retirement can be 30+ years long. Figuring out how you’ll make your money last for the rest of your life, how you’ll maximize your Social Security benefit, and how you’ll cover potentially staggering healthcare and long-term care costs later in retirement isn’t simple.
Set aside some time this summer to review your finances and think about the future. Consider how a financial advisor could help you get to where you want to be by creating a retirement roadmap. This can include a retirement income plan, a tax minimization strategy, an estate plan, and more.
Retirement is a time that should give you that never-ending summer kind of feeling. And, to get the most out of your permanent summer break, make sure you have a solid plan in place for the future. If you’re not sure you have a comprehensive plan in place, maybe it’s time to Click HERE and schedule your complimentary, no-obligation review. At BML Wealth Management, we’ll assess your current retirement plan, discuss your financial and lifestyle goals, and determine if you’re on track or could use some adjustments. We’re here to guide you along your retirement journey and help you achieve your goals so you can focus on maximizing your enjoyment.
The commentary on this blog reflects the personal opinions, viewpoints and analyses of BML Wealth Management’s employees providing such comments, and should not be regarded as a description of advisory services provided by Cooper Financial Group. The views reflected in the commentary are subject to change at any time without notice. Nothing on this blog constitutes investment advice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future returns.
Investment Advisory services offered through Cooper Financial Group, an SEC Registered Investment Advisory firm. Cooper McManus is not affiliated with West Wealth Group, LLC. Investment advisory services may also be offered through West Wealth Group, LLC, an SEC Registered Investment Adviser. Insurance Services are offered through BML Wealth & Insurance Services, California Insurance License #0M15550.
We do not provide tax or legal advice, all individuals are encouraged to seek guidance from qualified professionals regarding their personal situation. Any references to protection benefits or steady and reliable income streams in this guide refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured. Indices mentioned are unmanaged and cannot be invested into directly.
