After working for decades, you deserve to enjoy your life with financial peace of mind. However, retirement doesn’t just arrive one day; you must map out a course to reach it. We at Fortis Lux Financial are here to set you on the right path with our retirement planning in New York.
Our financial advisors help you devise a plan that allows you to maintain a good standard of living after your life’s work is done. Contact our firm to request retirement planning services and start your journey.
A: Financial advisors divide retirement up in various ways. However, one of the simplest ways to understand retirement is four stages: pre-retirement (ages 50-62), early retirement (ages 62-70),mid-retirement (ages 70-80), and late retirement (ages 80+). You should work with a financial advisor to devise and follow an appropriate strategy for each stage to maintain your financial security.
A: The primary risk that retirement planning services strive to avoid is outliving your savings. No one can accurately predict how long they may live or what major expenses might arise unexpectantly. Regardless, this risk shouldn’t prevent you from enjoying your later decades; by working with a financial advisor, you can mitigate risks and safeguard your future.
A: A retirement financial advisor helps you strategize during each stage of retirement and improve your chances of avoiding its risks. Furthermore, they guide you through all aspects of retirement planning, from saving and investing to budgeting and spending. They can even assist you with estate planning and long-term care planning, among other related topics.