Most people in Greenville, SC, have an understanding of the importance of planning for retirement. However, how people choose to start the process and add to their retirement savings over their life is often very different from how their friends and family members plan to save.
Working with an experienced Registered Financial Consultant like Matt Dixon makes it easy to have a custom retirement plan that is perfectly designed for your life. As a financial consultant, Matt Dixon works with clients to take a big picture look at retirement planning and create a solution that ensures the right level of retirement savings.
Missed Issues in Retirement Planning
An area of specialization for Matt Dixon is using effective tax strategies throughout your working years to boost your retirement savings. The money saved in taxes is invested in your portfolio, adding to the retirement fund through compounding interest.
When these additional tax savings are implemented early in life, it allows the individual to plan for retirement years before she or he thought it was possible. At the same time, adding to 401(k) or IRA plans further increases savings and offers potential tax savings.
Cost of Living
A common oversight in do-it-yourself retirement planning is failing to consider the cost of living increases. While it is not possible to predict the actual cost of living years into the future, understanding that this is a factor in developing your retirement fund is important.
Building in the additional cushion in the retirement fund to compensate for the cost of living means you have the money you need to enjoy life to its fullest once you retire.
