How Do I Know When To Retire?

It’s more than just saving some magic number. It’s about having a clear idea of what you spend each month in retirement. A simple budget can give you an idea on what you need to have come in each month to live a confident retirement lifestyle. Major companies have a budget and so should you.

Once you know how much income you need each month to live, find out what you are bringing in from social security, pensions, and other incomes. So if you need $6,000 to pay for what your lifestyle is each month and between social security and other retirement incomes you only have $4,000 coming in, then your shortfall is $2,000.

Do you have enough in your retirement savings to be able to provide an income to fill that shortfall? Retirement is like 20 or even 30 years of unemployment. You have to make sure your retirement savings is enough to fill those gaps and last as long as you do.

Retirement Planning is Income Planning

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Fax: 844-GROUP10

Email: info@group10financial.com

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2600 Maitland Center Parkway
Suite 355
Maitland, FL 32751
Phone: 407.960.4052

MORE COMMONLY ASKED QUESTIONS

To succeed in retirement, it is important to fully understand your current situation and work with a financial planning firm that will make sure your assets are properly invested and managed.

How much risk should I be taking during retirement?

How do I know when to retire?

Will I run out of money?

How do I develop an income plan?

What should I do next?

How do I stop losing money in the market?

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This website is for informational purposes only and is not meant to be a complete description of our investment services, performance or financial concepts. This site is in no way a solicitation or offer to sell securities or investment advisory services. Information throughout this site is obtained from sources that we and our suppliers believe to be reliable and accurate, but we do not warrant or guarantee the timeliness or accuracy of this information. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Investment advisory services provided by Brookstone Capital Management LLC, an SEC Registered Investment Advisor. Group 10 Financial, LLC and Brookstone Capital Management LLC are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.

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