Living Debt Free & Truly Wealthy, The found money specialist, United States
That's a great question, first the retirement planner should be able to walk you through the 4 phases. 1.Contribution 2.Accumulation 3. distribution 4. transfer. Each phase is critical for you financial future.
Here are some questions they should ask you, What age do you see yourself retiring example - (current age 30, retirement age 65), that gives you 35 years until you retire.
Next is how much money do you think you need when you retire example (you need 30,000 income).
How much money do you need to save to receive $30,000 a year? Example ($1,000,000 saved with a 3% withdrawal will give you your $30,000)
Now how much money will you have to save to have $1,000,000 saved in 35 years. How much of a rate of return will you earn on your money and how will it compound to in 35 years.
You also have to factor in taxes, inflation,rate of return, and how much debt you accumulate.
This should give you a start in finding a great adviser like our company.
.JPG){kind=avatar}
Here are some questions they should ask you, What age do you see yourself retiring example - (current age 30, retirement age 65), that gives you 35 years until you retire.
Next is how much money do you think you need when you retire example (you need 30,000 income).
How much money do you need to save to receive $30,000 a year? Example ($1,000,000 saved with a 3% withdrawal will give you your $30,000)
Now how much money will you have to save to have $1,000,000 saved in 35 years. How much of a rate of return will you earn on your money and how will it compound to in 35 years.
You also have to factor in taxes, inflation,rate of return, and how much debt you accumulate.
This should give you a start in finding a great adviser like our company.