Retirement
Will You Have Enough to Retire?
It’s one of the biggest financial questions you’ll face. Your ideal retirement depends on several factors—how early you plan to stop working, your lifestyle expectations, and how long your savings need to last. Add in rising healthcare costs, longer lifespans, and inflation, and the answer becomes even more complex. Will you have enough to retire? Understanding your full financial picture is the first step. We may be able to help guide you through that process. Get in touch with us to learn more.
Building a Budget
A solid retirement budget helps you plan with clarity. It should cover essentials like housing, food, healthcare, and transportation—plus extras like travel, entertainment, and family gifts. Don’t forget an emergency fund to cover unexpected expenses each month. You (hopefully) won't end up using that extra money every month, but that's okay; leaving some "wiggle room" in your monthly budget gives you even more flexibility in retirement.
Consider Inflation
Inflation quietly erodes your buying power over time. Even modest annual increases can add up, especially over a retirement that could last 20–30 years or more. A helpful rule of thumb is to increase your projected annual spending by a compounding 2% per year to reflect typical inflation. This gives you a more realistic idea of what your future budget will need to handle—and helps you answer the question, "Will you have enough to retire?"
Get Educated
We regularly host no-cost educational events designed to walk you through key retirement planning concepts. Enjoy a gourmet meal while gaining useful insight into your financial retirement options. Or, schedule a one-on-one with our team. Together, we’ll explore your goals, needs, and available strategies. It’s your future—plan with purpose. Will you have enough to retire? Let’s make sure the answer is “yes.”