In light of the current situation, we are offering our clients the opportunity to meet with us virtually, rather than in-person. Please click here to contact us or call 800-756-5596 to schedule your appointment
Our phone lines are currently down, please use 323-391-4162 as an alternative number. Thank you.

Make Informed Decisions
About Your & Your Loved Ones' Futures
Based On Experienced Advice

~|chevron-down~|font-awesome~|solid

Retirement Is Not the Time for Regrets

| Aug 19, 2016 | Uncategorized |

When people retire they sometimes sit down and consider their regrets. They shouldn’t.

Some people make the decision to focus on work and wait for retirement to enjoy life. But sometimes regrets set in as the Washington Post reported recently in “How to retire without regrets.”

Some of those regrets include:

  • Not starting to save for retirement soon enough causes many people to not be able to afford the lifestyle they want in retirement.
  • People often regret not retiring earlier than they do and find that their health no longer allows them to do everything they wanted to do during retirement.
  • Another common regret is not seeking professional financial help earlier in life.
  • People who have pension plans often regret not setting up those plans to give a benefit to a surviving spouse.
  • People who do not know all of the tax implications of withdrawing from retirement accounts tend to regret making decisions that require them to pay more taxes than necessary.
  • Many people come to regret not knowing when to change from saving as much money as they can to being able to spend more of it.

Some people are always going to have regrets.

An estate planning attorney can help guide you and avoid those regrets.

Categories

Archives