Key Considerations
- Retirement Income Gap: This is the difference between your desired retirement income and your projected income from savings and Social Security.
- Inflation: The purchasing power of money decreases over time.
- Market Volatility: The stock market fluctuates, impacting investment returns.
- Unexpected Expenses: Medical expenses, long-term care, and other unforeseen costs can impact retirement savings.
- Tax Implications: Understanding tax brackets and retirement account withdrawals is crucial.
Source : Collected from the Internet and books.
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