Retirement Strategies
Will You Have Enough to Retire?
Lock down your future so you can enjoy your retirement confidently–and remember to do it sooner rather than later.
How to Save For Retirement
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Will You Have Enough to Retire?
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Personal Financial "Checkups"
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Retirement Strategies 101
How do You Save For Retirement?
There are many factors that go into this question. Here are some things to consider while you think about your retirement strategy.
The Rule of 100
As a rule of thumb, to determine the appropriate at-risk percentage of your investment portfolio, subtract your age from 100. This calculation is considered to provide approximate accuracy of acceptable risk, depending on your financial goals.
Create a Budget
Start by calculating your anticipated living expenses during retirement. In doing so, you will get a clear picture of your financial goals, assessing risk tolerance, and types of investments. In this stage, it is extremely beneficial to seek professional guidance to navigate the complexities of planning for retirement. At Creations Coastal, we are up-to-date with all kinds of relevant info on planning for retirement and the options available to help you.
Protect Your Assets
Your strategy to protect your assets may involve products such as fixed indexed annuities, or max cash value life insurance. With products like these, your money is protected by the issuing insurance company, rather than being at the mercy of the stock market. You won’t lose money when the market drops with policies like these. You may be able to obtain a reasonable rate of return over time, while still protecting your nest egg.
Retirement Strategies 101
Will you have enough to retire?
We can help you ensure you will have enough to retire. From expenses and budgeting, to inflation and distribution schedules, we can help you get on the right track.
Expenses and Budgeting
One of the most important things to do before planning your retirement is understanding your future expenses and how your budget will look. Creations Coastal has some great tools available to make this process quick and transparent, helping you understand your financial health in retirement.
Remember the Impact of Inflation
Inflation is one of the most important factors in planning for retirement. Will the money you’ve saved now have the same buying power in another 15 years? Your retirement strategy should take into account inflation and ensure you don’t run out of money even with the rising cost of living.
Distribution Schedule
Understanding how your retirement income will be distributed is crucial in building your budget. Every situation is different which can make retirement planning difficult. We believe that knowledge is power when creating a retirement strategy, which is why we take the time to educate you on how your different options work.
Retirement Strategies 101
Personal Financial "Checkups"
Will you have enough to retire? We work with you to help you come up with a sensible strategy to make sure you’re finances are ready to support you during retirement.
Discussing Your Specific Situation
With so many retirement options available, how do you know which ones are best for you? The answer starts with what we call a “financial discovery” session. In these one-on-one private consultations, we’ll review your situation, answer questions, and provide information on options available to you. Our focus is on helping you protect your money and keeping things simple.
Discover the Right Options For You
Once we have gained a comprehensive understanding of your financial situation and completed the discovery process, we will discuss various options that align with your financial goals. Our unwavering commitment to your best interests means that we will never propose any product that doesn’t prioritize your financial well-being. At Creations Coastal, we take immense pride in upholding the values of integrity and responsibility to our clients.
Diana W. | Client since 2020
“Daniel is very easy to understand. I totally trust his judgement on my investments. He has patience and a honest smile. The staff has made me feel like family.”
Retirement Planning Knowledge Center
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Retirement planning on the California Central Coast doesn’t have to be hard.
