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South Carolina Business Review Interview
With baby-boomers comprising one of the largest groups of our population, it should come as no surprise that another large group is made up of those that are in retirement mode. I recently had the privilege of being interviewed by Mike Switzer on the South Carolina Business Review on this topic.
The South Carolina Business Review focuses on news from South Carolina’s business community with interviews of many small business owners and business leaders from around the state. To hear the full five minute interview, click to go to the South Carolina Public Radio website.
5 Things to Know Before you START Retirement
Spending
How much is needed to meet your needs, wants, and wishes. In what order should you distribute from the accounts. What if I retire and we have an extended bear market?
Time Horizon
How soon can I retire? What if I get laid off before I want? When should I take Social Security? How long do we need the assets to last? What about the next generation?
Asset Allocation
What mix of assets is appropriate to meet long-term goals and legacy wishes? What asset mix lines up with my risk tolerance preferences? Will my asset mix have a good chance to beat inflation?
Risk Alignment
Are my risks balanced so that I have aligned my ability to take on risk, my willingness to take on risk, and my actual portfolio risk.
Tax Avoidance
Proper tax planning and tax location of assets is important as well as knowing which buckets are the most tax-efficient to pull from and in what order should they be distributed.
In order to properly plan for your retirement, you need to START.
If we can help you get more confident that you are prepared and ready to land your “retirement plane,” please let us know. We would be honored to serve you and your family.
