Walen Financial Group, LLC is here to help you make better financial decisions. The investing models we employ are rooted in economic theory developed by Nobel Prize winning researchers and leading economists. You don’t have to dive deep into that theory to make successful investments, all you need is qualified coaching and expert advice, so you can develop a successful investing strategy yourself. We are here to help you transform your experience with money and achieve true peace of mind.

Using a Wealth Management Advisor to Plan for Retirement

Planning for retirement is a big deal. If you are like most people, you want to live comfortably during retirement, maintaining the same living standards you had while you were employed. And why shouldn't you? But to do that takes planning and careful consideration. After all, you must save enough money during your ~40 years of work-life to live on for the next ~35 years while not working. That sounds like an overwhelmingly daunting task. How do you plan for such a future?

Having a knowledgeable financial advisor will help you navigate the road to a well-planned, well-funded retirement that you can enjoy. Early in your career, set up a financial consultation with an advisor to get investment advice. An advisor can help answer some of the most important retirement questions. These include: How do I save for retirement when I have so many other financial obligations? When can I retire? How can I pay off my debts prior to retiring? How might medical care affect my expenses? When should I begin taking Social Security? What's the most tax-efficient way to withdraw my money? How do I keep my plan on track?

That last question may be the most important one. Many obstacles can get in the way of saving for retirement. However, if you are able to develop a retirement plan that can evolve as you age, staying on track becomes less difficult. Here are a few things to remember as you design the action plan that will enable you to reach your retirement goals:

  • Start as soon as possible. The sooner you start saving, the longer your money has to grow.
  • Take advantage of any employer matching funds. Don’t leave “free” money on the table.
  • When you get a raise, increase the amount you add to your retirement savings.
  • Make your contributions happen automatically. If you never see the money, you can't spend it on something else.
  • Stay the course . If the market suffers a downturn, don't panic – stay invested.
  • Work with a financial advisor who will help you develop an asset management plan that works for you.

An agile investor knows monitoring your progress is vital once you have developed a plan. A plan stuffed in a desk drawer is no plan at all. You need to review and assess how well you are doing in reaching your retirement goals. Determine where you can improve. For example, can you add more money to your IRA? Is your portfolio management designed so that your returns stay ahead of inflation? Are you on track to help pay for your child’s college tuition?

At Walen Financial Group, LLC, we will help you plan for retirement regardless of your career stage. We will sit down with you and help you develop a unique retirement plan that fits your needs. Contact us today to set up a free, no-obligation financial consultation.