It is not uncommon for people in Greenville, SC, particularly those in their 20s, 30s, and even into their 40s, to have more of a do-it-yourself approach to retirement planning. Often this includes the basics, such as investing in a 401(k) plan through their employer or perhaps taking out an IRA. Some people may even have an investment portfolio or have invested in real estate or some other form of asset.
Typically, people in their 40s and 50s begin to consider their retirement savings seriously. Many people find that what they assumed was enough to put away for retirement will not provide the income they need. However, it is not too late, as Registered Financial Consultant Matt Dixon can help people to increase their investments and build their retirement fund.
Clear Understanding of Your Future Financial Needs
The first step in working with Matt Dixon is to get a clear picture of your financial goals. Often the mistake people have made in their planning is to fail to consider all of the costs of retirement.
Changing investment strategies, choosing to downsize homes, or taking advantage of current tax savings are all suggestions financial advisors like Matt Dixon may make based on your specific plans.
Diversify Your Investments
In many cases, restructuring your investments may provide additional tax savings or income opportunities. Moving between different types of retirement plans may also offer added benefits based on your current tax bracket.
Simple things, including increasing contributions to your retirement accounts, can still have a positive impact on your savings, even if it is later in your life. The key is to reach out for help and schedule an appointment with a Greenville, SC, financial advisor.