Have you ever thought about how much you need to save for retirement to replicate your current income?
Even to have 80% of income in retirement, which our team at Crescent Wealth typically recommends, it takes people years of saving. Are you ready for retirement?
The typical drawdown rate for retirement accounts is around 4-5%. So if you’ve saved a million dollars, you would have $40,000-$50,000 a year coming out before income taxes. Are you currently planning and saving for your retirement, knowing what your financial end goal is?
According to reports from CNBC, 75% of Americans are going it alone, without the help of a financial advisor. If you don’t have something in place, now is the time to start saving and planning for retirement. It’s never too late to make regular contributions to retirement accounts, like 401(k) plans, for tax-deferred growth. At Crescent Wealth Partners, we work side-by-side with our clients, so you don’t have to do it alone. We’ll help tailor your short and long-term goals, educate you on your options, and provide you with a personalized plan to reach these goals.
At Crescent Wealth Partners, we serve families and businesses in over 31 states. We are proud of our over 35-year history of being a family practice that started in Toledo, Ohio, and landed in Sarasota, Florida.
Are you ready for retirement? The right time to start planning for your legacy is now.
Retirement planning can be stressful, knowing what to do, when, and with whom. Let us help you reach your goals and get you on your way to achieving your dreams. Call us at 941-923-3663 or visit us online, and let’s discuss how we can help.
We’re excited to hear from you. Visit our resource page for more important financial planning information on topics like aging parents, saving for college, managing your money, and more.