Martha’s Vineyard & Nantucket Financial Advisor for Retirement
Tim Hayes, CRPS®, AIF®, AWMA®, CFS™, CTS™, CES™, APMA®, CAS®
Retire Comfortably and Meet Your Goals
For example, after a lifetime of working for large firms, maybe you are practicing architecture from a home office on a part-time basis. Your wife, who is still working full-time as a teacher in a private school, would like to retire within the next couple of years. You own a couple of houses and several 401k retirement plans with little additional income besides your social security.
Along with great careers, you have built up substantial 401k balances. It took a while, but you got the hang of investing in equities, never comfortable with the ups and downs but always focusing on long-term growth.
Can You Do It Yourself?
However, now you need income, not growth. Over the years, you owned some bonds with mixed success. Moreover, unlike your foray into equity investment, this time, you cannot afford on-the-job training. Plus, you have less time to recover from any mistakes.
Or Do You Need a Financial Advisor
- with a keen understanding of interest rates and the bond market:
- the knowledge that is important when one talks about retirement income
- access to the products necessary to help you transition from growth to income
- will research your accounts and let you know if leaving them with your 401k is a good option or roll it over
- will work to keep your costs low – because in a low yield world, the less you pay to someone else, the more you keep for yourself
Tim Is A Financial Advisor Who Can Assist You With the Following:
Please be sure to speak to your advisor to carefully consider the differences between a company retirement account and an IRA investment. These factors include changes to the availability of funds, withdrawals, fund expenses, fees, and IRA-required minimum distributions.
Read More: Should You Roll Over Your 401k to an IRA?