For even the most financially educated people, planning for retirement can be quite the undertaking. Long gone are the days of solely relying on your pension and Social Security benefit to meet your retirement income needs. The historically low rates, alongside volatile market rates, place the upmost importance on income planning for retirement.
Retirement planning requires a shift in thinking, which could be difficult for some. Before retirement, your financial situation was based on a paradigm of earning and saving. In retirement, you no longer receive a paycheck to save, meaning you have to find a different stream of income to rely on.
A critical initial step in helping secure solid funding for your retirement is understanding that your savings isn’t the same as income in retirement. You spent a good portion of your career saving for retirement, but the time has come to start using your savings to generate a retirement income. While this can present a challenge, working with financial professionals can help alleviate some of the stress.
Our firm will work alongside you to help define your retirement goals and review your current financial situation. From there, we can customize a plan that is able to generate the reliable, sustainable income you will need.
You’ve worked hard for your money – let us help you make your money work hard for you!
Talk to Joe about financial planning and receive a complimentary chapter of his book, “The Retirement Playbook.” Fill out the form or give us a call at 216.642.8203.
Hamel Advisory Services, LLC is a licensed insurance agency. Joe Hamel provides insurance services to clients through Hamel Advisory Services, LLC, which is separate from Mr. Hamel’s roles as an investment advisor representative of Portfolio Medics. Investment advisory services are offered through Portfolio Medics. Hamel Advisory Services, LLC, Portfolio Medics, Gradient Positioning Systems (GPS) and Generational Vault are not affiliated. The information contained on this site is intended for educational purposes only. It does not constitute financial/investment advice, nor is it a substitute for financial/investment advice. Nothing in this message should be construed as investment advice. Hamel Advisory Services, LLC, Joe Hamel and Portfolio Medics are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belongs to GPS. Unauthorized use of the material is prohibited.