How Restricted Stock is Taxed: The 83b Tax Election Could Save You Thousands It can be a thrill when a job offer letter includes a grant of restricted company stock. Often it means the company considers you quite a catch and is trying to sweeten the deal any way they can. Many people are surprised […]
Retirement is something that people usually look forward to with a mixture of excitement and anxiety. Most of us work for years, diligently saving our money into retirement accounts with the idea that at some point we’ll finally be able to leave our jobs and enjoy life in our golden years.
Will I have enough money to retire?
As all of us know, planning for things like retirement may seem simple, but often isn’t. It’s easy to get into a cycle of worry, which is understandable. After all, for many people, retirement is the single biggest expense they'll face.
When it comes to retirement planning you probably have a lot of questions. Have I been saving enough money towards my retirement goals? Are there retirement expenses I haven't thought of? What happens if the market crashes and I run out of money early?
Is retirement planning really necessary?
At Vector Financial Solutions, we believe that good planning can make all the difference. We feel that many dire financial situations are avoidable with a little bit of advanced preparation. In our retirement planning process we help you walk through your fears and arrange for the inevitable setbacks that life tends to throw our way.
Regardless of where you start we are committed to helping you achieve the retirement you deserve.
Get to know yourself.
We believe the first step toward a comfortable and fulfilling retirement is to take some time and think about what exactly you want this time in your life to look like. Take some time right now to start thinking about this. If you could imagine the perfect retirement day, week, or year what would it look like? Would you be relaxing on a tropical beach? Or exploring the great historical sites of Europe? Or maybe, spending a quite day at home baking cookies with the grandkids?
At Vector, we know that retirement dreams come in many shapes and sizes. Some people want to travel the world. Others want to downsize and simplify their lives as much as possible. Still others have yet to really pin down what they want retirement to look like.
The clearer you can be in defining your goals for retirement, the better chance you’ll have in getting there. That’s why we begin every retirement planning relationship by helping you get a clear picture of just what you’d like these years to look like.
Your best laid plans might actually work out.
We’ve all heard the saying, but at Vector we believe that creating a written financial plan is essential to your financial success in retirement. After we’ve identified your goals for retirement, we’ll ask a little more about your current situation and start taking a look at how we can get you from where you are to where you want to be.
Invest for retirement.
We’ll create a written financial plan to help you understand the best way to invest your retirement savings. At Vector, we think that financial plans should be concise and easy to understand. We make sure that our plans take into account the intricacies of your situation, but we aren’t going to hand you something unnecessarily long and convoluted.
Reading a financial plan should be like looking at a well-made road map, not like looking for needles in a haystack.
Put it all in Motion.
The recommendations we make in the planning phase of our process are as unique and varied as the people we serve. We do not believe in one size fits all retirement strategies. When you choose to work with us you can be confident that the investments we’ve recommended are specifically suited to your goals and risk tolerance.
Here at Vector, we have access to a wide array of investment vehicles. We are not restricted to a few specific products as if often the case with other advisors. This allows us to design a portfolio that, again, keeps your unique needs in mind.
We will help you make sure your portfolio is varied and suitable to your unique situation. Investing is not a one-size-fits-all endeavor.
Commit to your plan.
A good financial plan and a thoughtful and diversified portfolio can get you far when it comes to retirement planning. To really succeed, however, you need a financial professional who can help you stay the course.
To us, being good financial planners is also about follow up. Once we’ve helped clients create their written plan and invest in a portfolio that makes sense for their goals and situation, we make sure to keep the communication open.
We keep a close eye on your money so that when a change needs to be made we can tell you quickly. Likewise, and perhaps more importantly, we can help you stay committed to your plan when markets are tough and emotions are high.
Want to know what we can do for you?
We know you’ve worked hard for your retirement. We know that you want to do what’s best for yourself and your family. We also know that you have concerns about how it will all work out.
Why not schedule a phone call with us? We won’t charge you anything and we don’t require a further commitment from you. We’ll simply ask you some basic questions and help you see the big picture when it comes to your retirement savings. If you want to continue on with us after that and let us help you create a financial plan or invest your money, fantastic! If not, we’re happy to have helped you in even a small way on the path to the retirement you’ve been imagining.
Ready to Book a Call?
David Wilson, writer at Financial Truths, is also a financial advisor and Certified Financial Planner® at Vector Financial Solutions, Inc. Vector Financial Solutions is located at 139 E. 3rd Ave., Escondido, CA 92025 and by phone at 760-741-3159. He serves clients throughout the U.S. as well as those in Escondido, San Marcos, Rancho Bernardo, Poway, 4s Ranch, Rancho and Santa Fe, California.
RSA vs RSU : The Difference Between Restricted Stock Awards and Restricted Stock Units If you’ve ever been offered a mid to high level position in a company you’ve likely heard of restricted stock awards and restricted stock units. But what is the difference between an RSA and an RSU? What is […]
Self Directed IRA vs 401k : The Puzzle of the 401k Rollover We’ve all been there. You’ve finally decided to leave the job that’s been driving you crazy. Maybe you found something better? Maybe you’re retiring? Your boxes are packed and you’re headed out of the office for the last time. Everything is […]
Are you recently or long divorced and receiving alimony? Is alimony your only income source? Are you worried that you won’t be able to contribute to an IRA and save for retirement because you don’t have any “qualifying income”? If you’ve looked into the rules for IRAs at all you’ve probably run into that line […]