After working for years, people in Greenville, SC, are looking forward to their retirement and just relaxing and doing what they want. This should be an ideal time of life. However, this is not the case for all retirees.
Working with Matt Dixon, a Registered Financial Consultant, will help ensure easy to overlook issues do not drain your retirement income. Through discussions and review of your short and long-term goals, Matt Dixon carefully crafts a retirement plan to lower your tax liability while boosting your retirement income.
To help outline the possible drains on your retirement income, consider the following often-overlooked expenses:
- Upgrades to the home – many people may downsize their living arrangements in retirement. Older homes may require a significant investment in upgrades before they can be sold at a fair market price. Talk to your Registered Financial Consultant if you are considering this option in your retirement.
- Home repairs – even if you are staying in your home, there are advantages to doing minor and major repairs before retirement. Top consultants like Matt Dixon Greenville, SC ask about these issues during the initial consultation and the planning sessions, helping to avoid any oversights in planning.
- Debt – more Americans retire with debt today than ever before. Ongoing payments on both principal and interest can eat into retirement savings on a monthly basis. Working to pay off debt before retirement may be a recommended option.
Considering what you want to do and how you want to live your life in retirement is also critical. If you want to enjoy time in your home in Greenville, SC, you have a different income requirement than someone who wants to travel several months of the year. Clarity in what you want to do in retirement is a critical factor.
Matt Dixon of TruNorth Advisors can work with individuals and couples in Greenville, SC, to develop a comprehensive retirement plan. To schedule an appointment, see us at website.
