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Your retirement is the result of all the hard work you’ve put in over the years. No matter what you’re looking for from your golden years, whether it’s a rustic cabin in the woods or a trip around the world, the reality is that you need to start preparing for it today. It’s not always as simple as saving a certain amount, even when that seems to be the standard advice if you live in Mo.
Secure Monthly Income
Retire Happy Network is available to help clients understand how they’re going to pay for their expenses by the time they reach retirement age. Parker Faulkner is a financial advisor that takes the time to comb through your portfolio, so you have all the information you need to make smarter long–term decisions. Choosing a boutique retirement firm in the Springfield Metro Area ensures you receive personal attention. So, if you have questions about the latest opportunities in the market, you have someone you can trust to give you an honest answer.
Whether you would prefer tangible, tried-and-true assets or riskier ventures in emerging industries, talking to a professional is a way to get a handle on the markets, so you have an idea of what’s coming around the bend. If you want to avoid feeling the sting of inflation or the hit of a recession, secure monthly income is the best way to give yourself the edge.
The more sources of reliable income you have, whether it’s Social Security, pension withdrawals, or stock dividends, the more comfortable you’ll feel when you’re ready to put your feet up. If you want to be truly ready when all those unexpected events hit, you’re in good hands at Retire Happy Network.
If any of this feels overwhelming, Faulkner helps his clients understand the basics. It really can be as simple as:
1. Determining what portion of your income you can save.
2. Allowing a financial advisor to manage your wealth.
3. Enjoying a retirement that’s every bit as rewarding as you thought it would be.
maximizing social security
If you live in the Springfield Metro Area, you would be forgiven for assuming Social Security is largely set in stone. Many people think that filing is a matter of asking a few simple questions and then accepting whatever your benefit check happens to be. This assumption is often what keeps people from collecting as much as they’re owed through the program. Talking to a financial advisor can be a great way to understand how every question in the paperwork ultimately affects the amount of money you receive.
How to Maximize Social Security
Social Security started nearly a century ago, and it’s managed to change a lot over the decades. Once a practical safety net for those retiring, the benefits have largely dwindled over time —and this is true even when the country is in the midst of extreme inflation. Parker Faulkner at the Retire Happy Network would never encourage his clients to rely solely on this government program. However, he can say that there are certain techniques that you can use if you’re interested in maximizing Social Security.
From your profession to how much you’ve contributed over the years, there are numerous factors that determine what you receive every month. When you have the right financial professional there to guide you, you start to see how your benefit statement can work to cover your everyday expenses, so you can use your other secured income sources (e.g., pension withdrawals, stock dividends), as a means to add more comfort to your life.
There are ways to correct mistakes if you happen to make them during the application process, but Faulkner will tell you that it can be a lengthy process for all involved. If you want to get what you’re owed, particularly after you’ve already paid into the system for decades on end, he helps you file it all perfectly the first time around. It’s just one more way that this boutique retirement firm can help you prepare for the golden years that you truly deserve.
Assests under managment
When people think about assets under management services, they might wonder what exactly needs to be managed. Most of us know what falls under our portfolio, whether it’s stocks, property, or a 401(k). However, as you begin to amass asset after asset, it’s easy to lose track of their performance, or to sometimes forget that you even have it altogether.
This service is designed not to simply organize your assets. Its tactics were created to optimize every financial decision you make. At Retire Happy Network, you’ll find Parker Faulkner, an advisor who will show you which holdings could use a little improving.
Protecting Your Assets in the Springfield Metro Area
If you live in or around Springfield, finding a professional who understands both your investment style and the current market is imperative to building your retirement. At a boutique firm, you receive personalized attention that can translate to more than a solid financial cushion. Not only can you strengthen your margins, but you won’t be subjected to taking risks that you’re uncomfortable with taking. A good advisor will push you outside your comfort zone, but they won’t do so at the expense of your mental health.
Assets under management strategies can mean tracking accounts that have stagnated over time, so you can assess whether they’re worth holding onto. It can mean researching more about emerging market trends, so you have an idea of what’s coming around the corner. It may even mean cutting certain industries out of your portfolio entirely. Diversification is only worthwhile if your portfolio has a solid focus first.
Faulkner gives his clients the facts, showing them the big picture before they make potentially life–changing decisions. He makes it possible to look past the jargon to understand how certain choices affect the bottom line. He’s a guardian to your portfolio, one who can make it possible to withstand unexpected inflation or drastic market plunges. It’s peace of mind for his clients that is very much worth its weight in gold.
retirement income planning
When you think about your retirement, it might not always be clear exactly where you’re getting the money for everyday expenses. Maybe you assume that your pension withdrawals will be enough for everything you need. Or maybe you’re counting on monthly checks from your long-term rental property.
The truth is that many people don’t bother to check into the specifics until they’ve already reached their retirement age. The good news is that if you’re questioning “how much do I need to retire?”, you’re already asking the right question.
Income planning can be a great way to provide the security you need to keep up with everything from your descendants’ requests to massive recessions. When it comes to retirement income planning, though, the truth is that it will look different for every individual.
How to Plan Your Retirement Income
Some people are known for relying on shortcut questions when it comes to getting ready for their golden years. They might quote that everyone needs somewhere around $1 million to be financially ready. The real equation is a tad more complex, though.
Talking to a financial advisor in the Springfield Metro Area can help you sort through not just how many sources you can rely on (e.g., Social Security, 401(k), etc.)., but also what each source will realistically provide per month.
If you’re asking friends and family how much to retire, this is critical information to determining what kind of retirement you’ll have. If it’s not living up to your expectations, the time to change that is now.
Income planning isn’t all that different from the way you plan your income today. It’s essentially just replacing your largest source of income (which is almost certainly your job) with income that’s every bit as reliable as the steady paycheck you receive today. If you want to feel confident about everything from utilities to unexpected emergencies, Parker Faulkner at Retire Happy Network is available to help his clients work through what they want and what they need to do to get it.
Long-Term Care
When we think about the things that can spoil our retirement plans, there are plenty of catastrophic events that may come to mind. What you’re most likely to think about, though, is the consequences of a chronic illness or serious injury. These events don’t just add up in terms of direct medical expenses, they also come with a slew of additional costs that can end up bankrupting even the most prepared person.
This is where Long–Term Care (LTC) insurance may come in handy, particularly if you have a troubled family medical history. The Retire Happy Network is a boutique firm that specializes in getting people the resources they need to stave off a never–ending string of expensive bills.
What Is Long-Term Care Insurance?
This specific type of insurance isn’t designed for standard medical care. For these costs, you would need to apply through your medical insurance provider. Instead, it’s meant to be used for anything from at–home help to nursing care expenses.
This policy has a number of benefits for the holder, but it does come with a correspondingly high premium. To determine whether this is a good asset for you, Parker Faulkner can help you sort through the clauses so you can make an informed decision.
If you want to truly prepare for your golden years, it often means thinking about some of the worst–case scenarios. However, if you live in the Springfield Metro Area, the reward is worth the effort. When you have a big enough safety net, it’s a little easier to handle whatever happens down the road. Knowing you have somewhere to turn can also decrease your stress levels, which can make the recovery period go a lot faster than planned.
A financial advisor is there to explain whether insurance can improve your financial well–being or if you’re better off going in a different direction. Every insurance company has its own interpretation of LTC, so it’s critical to know what you’re getting into long before you sign up.
tax-free retirement
When you think of things that are tax free, there’s probably not a lot that comes to mind. In most of life, you either pay now or you pay later. To someone who’s been paying taxes their whole life, it might seem foolhardy to even consider a tax-free retirement. Thankfully, there’s more to this financial principle than meets the eye.
A qualified financial advisor can tell you that, while it will take some effort to get there, this is a real possibility. It doesn’t mean getting out of what you owe, it simply means deciding where you spend your money and who you want to give it to when the appropriate time arrives. If there’s no reason to pay Uncle Sam, particularly if you want to support other charitable causes in lieu of paying taxes, then there’s no reason to leave a tip for the government.
How to Have a Tax-Free Retirement in the Springfield Metro Area
At the Retire Happy Network, you’ll find a boutique retirement firm and financial advisor, Parker Faulkner. When you schedule an appointment, you’ll learn how local, state, and federal tax codes either work to your advantage or pose challenges to your retirement. It’s also a chance to uncover options you likely would never have known about (unless you were planning to read through endless lines of jargon).
There are plenty of tips to be found out there about how to cut down on how much you pay every year (or how much you pay every quarter). You may even have an accountant who does a great job at structuring your finances so you never pay a penny over what you owe. However, many people don’t realize how they’re overspending when they file, and what they can do to cut back.
Talking to a professional is a great way to plan a retirement that will fit with your portfolio and preferences, alike. Faulkner is there to learn more about what you want your golden years to be so you can start preparing today.
wealth management
If you’re interested in wealth management companies, it’s likely because you’ve accumulated a certain amount of money. Regardless of which asset you favor, whether it’s stocks or property, the reality is that it can be complicated to sort through what you have, how much you’re earning, and what you can do to earn more.
This is when a financial advisor can come in handy, particularly if you live in the Springfield Metro Area and want to make better decisions for your future. Asset wealth management companies work to protect what you currently have and figure out how exactly you can make more. In today’s economy, one that’s dominated by both traditional investments like bonds as well as disruptor investments like cryptocurrency, you need to consult with someone who has their finger on the pulse of the market.
What to Know About Asset and Wealth Management Strategies
At Retire Happy Network, you’ll find a staff that has studied how excess wealth can sometimes hinder individuals and families. Without strict oversight, it’s possible for once–lucrative decisions to either stagnate or lose money over time. What’s more likely is that you’ll miss out on exceptionally profitable opportunities simply because you weren’t paying attention. Advisor Parker Faulkner helps his clients get a better handle on their portfolio, so they’re certain of the direction it’s headed.
When you make your first wealth investment, the milestone can feel like a turning point in your life. In fact, it’s hard not to keep a watchful eye on how it’s performing and obsessing over whether it could be doing better. However, after you’ve made enough investments in your life, it gets easier to feel comfortable that your portfolio is in good shape.
Allowing an asset management company to take the reins doesn’t mean that you’re giving the staff full control over your finances —it’s giving you an extra pair of eyes. Just one review can reveal a lot about how you can optimize your holdings before retirement rolls around.
