Retirement planning is one of the most important financial steps in life, and it takes thoughtful planning and ongoing effort. It’s not just about saving money for the future; it’s about making smart decisions today to secure your financial well-being later. A successful retirement strategy is built around two types of goals: short-term goals, which …
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Balancing Short-Term and Long-Term Goals in Retirement
As you try to balance long-term planning, your current needs, and your lifestyle, the retirement income advisors at CKS Summit Group are here to help you determine your best path forward. Retirement is when people can finally enjoy the fruits of their labor and pursue their passions. But balancing the present and securing your financial …
The One Strategy to Crush Your Retirement Planning Goals in 2021.
Did you make any resolutions concerning your personal finances last January? While many fell off their savings plan this year due to COVID-19, there is one move to make to before the year-end to get you back on track in the new year. For many people, this year has been quite a roller coaster ride. …
Retirement Goals: 3 Million is the New 1 Million
For decades, many savers have had the same goal in mind for their retirement future: 1 million dollars. If you and your 401(k) plan have ridden through the market and made it out with $1 million, that’s great! For those that are still working towards that $1 million retirement savings, we have some bad news. …
Longevity Planning: Will Your Savings Last a Lifetime?
Ensuring that your savings last throughout your lifetime—commonly referred to as longevity planning—requires careful thought and strategy. For individuals approaching retirement, particularly those with significant wealth, the stakes are higher. Balancing aspirations for an active, fulfilling retirement with the realities of potentially decades-long financial needs is critical. In this blog, we will explore the factors …
Your Retirement Checklist: What You Need to Know Before You Stop Working
Approaching retirement is an exciting yet complex phase of life. For wealthy Americans, ensuring financial stability, maintaining your lifestyle, and achieving peace of mind requires meticulous planning. A well-structured retirement checklist and exit plan can help you address critical aspects of your financial and personal life before stepping away from the workforce. In this guide, …