(704) 236-6615 scott@southernwa.com

Retirement Savings

How to avoid running out of money in Retirement

Planning for retirement has never been easy, but in recent years, it’s become increasingly difficult. Chances are, you’re not covered by a defined benefit pension plan at work that provides known income payments at retirement. These plans have largely been replaced by 401(k) or other defined contribution plans that require you to determine:

  • How much of your compensation you can afford to contribute
  • Where to invest contributions
  • Whether the savings you amass will be enough to last the rest of your life once you actually retire

In short, the responsibility of planning for retirement has fallen on your shoulders and the decisions you make today will greatly affect your ability to lead the kind of retirement you hope to achieve someday.

The challenges you face when making these decisions, however, go far beyond how to accumulate assets during your working years.

Our goal at Southern Wealth Advisors is to address the most critical issues to successful retirement planning and to provide you a new framework to structure your retirement planning efforts and adjust them as necessary through life’s stages.

Structuring a Well-Rounded Planning Approach

 We believe that a successful retirement planning strategy must meet the following criteria:

  1. Your plan should be customized to reflect what you care about most. It should address both the goals you hope to achieve and the risk of outliving your assets.
  2. Your plan should address the shifting nature of issues and unknowns you face at different stages of your life
  3. Your plan should consider risks beyond market volatility— inflation, for example—that can make expenses more difficult to meet.
  4. Your plan should seek to mitigate judgment and behavioral risks such as panic selling in difficult markets or overspending.
  5. Your plan should seek to minimize taxes and fees
  6. Your plan should evaluate the suitability of hedging products such as annuities or other strategies that can reduce the risk you won’t have sufficient income at retirement.
  7. Your plan should be responsive to changes in both your life and the financial markets.

Register below to get your Free copy of:  The Southern Wealth Guide to Retirement Planning

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Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Advisors Alliance, a registered investment advisor. Southern Wealth Advisors and Independent Advisors Alliance are separate entities from LPL Financial.

The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: North Carolina, South Carolina, Florida, Michigan, California, Arizona, and Virginia.

Southern Wealth Advisors
18716 W Catawba Ave
Cornelius, NC 28031