Retirement may bring changes to both your lifestyle and your finances. It is important to have a plan that takes into account certain risks which may impact your retirement security. For employers, defined contribution retirement plans represent freedom from financial volatility, traditional pension risk, market volatility, and long-term financial uncertainty; however, they also impose new risks and responsibilities on the employer. For employees, defined contributions offer individual control, greater flexibility, and, in an ideal world, access to institutionally priced investments. Secure the future of your finance even after you retire.
As you think about the retirement income sources available to you, begin grouping them into income categories such as lifetime, dividend, and interest income. Because of their predictability, many retirees use lifetime income sources to cover essential living expenses. Discretionary and unexpected expenses are generally more flexible than essential expenses, so your investable assets can help cover these costs.
Get started today Learn more about investing options available to you. Request a free retirement consultation to see if your retirement planning is on track. Consider partnering with a Financial Advisor to create an investment strategy for your retirement portfolio. Allegiance Growth can help you invest your savings to create predictable retirement income As you consider various strategies for investing your retirement savings, Allegiance Growth can help. Get started today by contacting us, requesting a retirement consultation, or learning more about withdrawal strategies for your retirement savings.
