Congratulations! You have worked hard to get to this exciting new stage. Now it’s time to transition from “saving for Retirement” to “spending in Retirement”. Psychologically, this is a tough transition for many people as we have been programmed to save- save- save- most of our working lives. We now need to change our thinking to create a sustainable retirement income plan that can successfully meet our personal lifetime income needs. A Gabor advisor can work closely with you to help ensure your essential expenses are being met, make your savings last, keep your taxes low and plan for the future.
Up to this point most of us have relied on a consistent, systematic paycheck from our employer every 2 weeks or every month. Our benefits were automatically deducted, and our budgets could easily be planned for. This is still possible in retirement, but it requires some foundational work to create these self-paid paychecks for the rest of our life. Where no two people and no two plans are alike, Gabor’s roadmap to retirement income is a proven way to plan for the many risks you may face in retirement. It starts with these 3 steps:
You're in the homestretch. The 5 to 10 years before you retire is a critical time for planning to meet your long-term goals. This time horizon is ideal to best construct a plan that will produce a smooth and efficient transition into retirement. Your advisor can help provide clarity to some of the unknowns on the horizon.
Let us help you with creating your roadmap to retirement income.