It is not uncommon for individuals and couples throughout the Greenville, SC, area to talk about retirement, even at a younger age. These discussions are often rather vague, with interest in traveling, spending time with the kids and grandkids, taking classes, or getting more involved in community events or favorite hobbies and pastimes.
While having general retirement plans is fine, it is only the starting point. Working with a Registered Financial Consultant like Matt Dixon helps you to begin to truly visualize the specifics of your retirement. This is essential in developing the right plan to ensure you have the financial means to enjoy your retirement on your terms.
Specific Information
Questions from Matt Dixon help crystalize your vision of the future. Will you continue to live in your current home, or will you downsize? When you indicate that travel is important, where do you want to go, and how much of the year will you travel?
The answers to these questions have a significant impact on the amount of retirement savings you need. For example, if you plan to travel the US in a motor home, you need a different amount of savings than someone who wants to spend six months a year traveling through Europe, staying in luxury hotels, or visiting family and friends at different locations around the globe.
Other Factors
Other factors that Matt Dixon discusses with clients in Greenville, SC, include their medical savings and health insurance coverage. While no one wants to visualize dealing with health issues, it is a reality for many retirees. Medical expenses can be significant as people age. Having the right insurance and savings can offset these expenses without draining your retirement fund.
