Whether you are divorced, widowed, or a lifelong single person, planning your retirement finances can be extremely challenging when you only have yourself to rely on. You only have one Social Security, maybe a pension, and the assets you as an individual have saved. To succeed you must have a written plan.
You must get an income plan in writing that shows how much income you will receive each year and where each income source comes from, and that your income will never run out.
You must get a risk analysis in writing stating how much risk you’re taking right now and create a plan to eliminate the possibility of large losses to your savings.
You must get a fee analysis in writing showing how much you’re paying in fees, both direct and hidden, and then try to reduce them.
You must get an income dependability analysis in writing stating your income is guaranteed to last for as long as you live, showing how you will create “Retirement Paychecks” each month.
You must get a monthly income needs analysis completed showing exactly how much income you’ll need to live a comfortable retirement.
You must get an income tax analysis in writing estimating your total taxes, the amount of monthly income tax withholding needed, and your net after-tax monthly income available.
If you want to create a written plan that will help you succeed in retirement as a single person and provides dependable income that will last for as long as you live, call us today.
Vipul Varma
VIP Financial
402.547.0395
Financial Planner in Parker Colorado
Retirement Planning