Some FAQs from Our Pre-Retiree Clients:

What is the process for reviewing my retirement readiness with Balanced Financial Concepts?

Every client starts with a plan. Retirement readiness begins by taking a full inventory of what you have, where you have it, and what each dollar is doing. Whether you want to retire from full-time work soon or down the road, you want to make the most of your remaining working years — and a having a plan helps you do that.

How do you help clients decide when they can retire?

It’s never too late to start planning for retirement, right? Wrong.

When you can retire comes down to two simple things: (1) When you can afford to, and (2) when you have other things you’d rather be doing than working.

Whatever has happened up until today is in the past, and we can’t change it. After you retire, the earning side of your life is over, and now you want to enjoy and make your money last.

The parts we can control are:

• The time between now and when you retire — your Date of Successful Financial Retirement
• After you retire, how to make your money last so you can enjoy it for as long as you live
• After you die, how to make sure your family is protected and your legacy lives on

 With those parts in mind, the things you do until you retire determine what your future will look like. We’re here to help you do it once and do it right.

How often should pre-retirees update their financial plan?

Your financial plan should always reflect where you are and where you’re going. If you take time to do it correctly the first time, it can set clear expectations for your future. Your plan should follow you throughout your life and be updated as your goals change or as life happens.