AT&T Retirement Planning

The decision of when to retire is never easy, and having some anxiety about it is only natural. However, a little planning and preparation can make your transition into retirement much smoother, which is exactly what we help our clients do. For those of you looking to retire in the near future, here are some helpful tips for starting the new year.

First, give us a call (630) 353-0000 or email us at contact@voyagefg.com  to set up a 15 minute phone call. From there we can have a personalized retirement plan created for you. At Voyage, we have an interactive process to create a detailed retirement plan that is tailored to every individual’s needs and concerns. It provides realistic projections for your cash flow both prior to – and into retirement. This helps you assess what your lifestyle can be in retirement as well as identifying any changes to consider now. And since everyone’s financial goal should be one of not outliving their assets, we also include recommendations on how your assets should be managed now and in the future.

Second, review your 401k and other investments with us…a step that should be done at least annually. Why so often? First, we ensure you are taking advantage of the full company match. Second, we review your allocation. A well-diversified portfolio can help reduce risk and increase return. A common mistake we often see, for example, is holding too much company stock. Keep in mind that you should reduce risk as you get closer to retirement. Also, if you turned 55 or older in 2007 some plans allow you to diversify into other investments.

Finally, know what steps you need to take in order to get your retirement started. For those of you working for AT&T, we have a step-by-step guide to assist you with this process. Please give us a call to receive a copy.