Attempting to plan your retirement savings on your own is a very difficult task. Working with Matt Dixon, a Registered Financial Consultant in Greenville, SC, helps you to have a structure for your retirement plan. It also ensures that you have a clear goal and understanding of the amount of retirement savings you require.
With his expertise, Matt Dixon helps you to set your retirement savings amount, develop an effective plan to achieve those savings while also helping you to manage your wealth and protect your assets.
In addition to proactively funding your retirement, Matt Dixon can also assist people in Greenville, SC, to get ready for retirement. There are several steps that people can start very early in life to maximize the amount of money they have after they stop working. A few of these considerations include:
- Paying off the house and major debts – being as debt-free going into retirement as possible is a good goal: the lower your debt, the less of a drain on the retirement fund. Try to avoid large purchases going into retirement unless they are part of the plan.
- Health insurance coverage – one of the most difficult issues for anyone in Greenville, SC, to plan is the need for medical care as they age. Having the correct types of health and life insurance policies reduces the out-of-pocket expense for medical care.
- Passive income – there are many types of investments that create passive income during retirement. Talking to a financial consultant can help you understand the benefits or potential drawbacks of the various options.
- Tax reduction strategies – both now as well as in the future, it is important to reduce taxes on your current income and the money you withdraw from your savings during your retirement years.
Working with a Registered Financial Consultant ensures you have peace of mind in knowing what to do now and in the future with regards to your retirement savings.
