What is Financial Independence?

Retirement is the time of your life when you can finally enjoy financial independence; free from the everyday responsibilities of going to work to earn a pay check. This new and exciting period of life is your time to do all the things you’ve only dreamed of, just like many of our clients.

We have clients that love to golf and spend time with their friends on the links – and of course at the clubhouse. There are others who plan travel adventures or who have joined travel clubs. Some have vacation homes where they spend time with their children and grandchildren. And, believe it or not, I have many clients who have gone back to work as independent consultants, or even started their own businesses; not because they have to, but because they want to.

But, keep in mind that retirement, like most things is not automatic; it requires a plan. So, why is having a strategy so critical to your retirement? Remember the market crashes of 2000 and 2008, and how you felt about your retirement savings as the stock market plummeted. Now, think about how you would feel when that happens again, only this time you’re not earning a pay check − you are retired. Very simply put, the purpose of a retirement plan is to help employ investment strategies to help guard against unforeseen and unpredictable events beyond your control. The transition from earning a pay check to relying on your financial resources may require you to make a change in the way you think about investing. Most likely, the change will require you to focus on conserving your assets and creating tax-efficient income, rather than savings.

There are no guarantees in life, and as it involves your financial future this may be especially true. But, here’s the thing; you have the opportunity to seek professional advice in order to reduce the risk of outliving your money by calling us for that first all-important meeting. We have been designing financial plans for our clients and helping them pursue their financial goals for over 35 years now. See for yourself what we do.