The Retirement Journey
April 4, 2024
When considering retirement – whether it is already upon you or still years down the road – one of the most important tools to equip yourself with is knowledge. Your income or expenses may rise or fall and markets will go up and down. These are some examples of uncontrollable circumstances that can affect both your current and future finances. But knowing how your savings, investments, and other financial vehicles operate is a great way to prepare for whatever comes your way.
According to the Financial Industry Regulatory Authority, 66% of Americans are considered financially illiterate1. The obvious downside of this comes in the immediate form of higher debt, risk of bankruptcy, and an increase in susceptibility to financial fraud. Becoming financially literate presents opportunities like having the insight to react to current situations that can best align you to build your nest egg or help mitigate potential tax burdens in the future.
Becoming more financially literate can help you:
- Stay on top of your current budget
- Know if your current retirement plan aligns with your goals
- Plan for changes to income and expenses in retirement
- Maintain financial confidence in the future
Anyone looking to learn could benefit from a knowledgeable guide and this is where we come in. We are here for you. Contact us to schedule your complimentary consultation to begin your quest for financial wisdom.