Wealth Replacement & Pension Maximization for Residents of Phoenix
Professional Financial Planning Services available in Phoenix, Sun City, Peoria, Mesa, and Scottsdale.
The uncertainties we face in retirement can erode our sense of confidence, potentially undermining our outlook during those years.
Indeed, according to the 2014 Retirement Confidence Survey by the Employee Benefits Research Institute, only 18% of retirees say they are “very confident” about having enough assets to live comfortably in their retirement. Almost 40% of the retirees were either “not too confident” or “not at all confident. “
The question that you are facing is: are you financially ready for retirement?
Today’s retirees face two overlapping uncertainties. While each on their own can lead the best-laid plans astray, it’s important to keep in mind that remaining flexible, and responsive to changes in the financial landscape can help you meet the challenges of uncertainty in the coming years ahead.
An Uncertain Tax Structure
A mounting national debt, and the growing liabilities of Social Security and Medicare are straining federal finances. How these financial challenges are resolved remains unknown, but higher taxes—along with means-testing for Social Security and Medicare—are obvious possibilities for policymakers.
Whatever tax rates may arrive in the future, taxes can be a financial burden on your savings, and may adversely impact your retirement security. Moreover, any reduction of Social Security or Medicare benefits has the potential to further strain your retirement assets.
Consequently, you’ll need to be ever mindful of a changing tax landscape and strategies to manage their impact.
If you know someone who retired, or looked to retire in 2008, you know what market uncertainty can do to destroy or hinder a retirement blueprint.
The uncertainties haven’t gone away. Are we at the cusp of a bond market bubble bursting? Will the Euro Zone find its footing? Will U.S. debt be a drag on our economic vitality?
Over a 30-year period, uncertainties may evaporate or resolve themselves, but new ones historically have emerged. This means understanding that the solutions for one set of economic circumstances may not be appropriate for a new set of circumstances.
GMH Investment Advisory Services can help with the Phoenix Wealth Replacement & Pension Maximization needed, and help the citizens in Phoenix, Sun City, Peoria, Scottsdale, and Mesa with solutions that are appropriate for their specific set of welth and pension circumstances.
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At our firm, we have the client—and only the client—in mind.
Our mission is to create income options for pre-retirees and current retirees who are afraid of running out of money.
We understand the challenges families face today.
We believe in thinking “out of the box” and we are not afraid to challenge conventional wisdom in our approach to investing and preserving wealth. All of our energy, commitment, and efforts are focused on you, the client, and your satisfaction.