Legacy Retirement Group

Just because something is a strong company does not mean your investment cannot go down.

In this clip, Greg and Kristen talk about a common misunderstanding in retirement planning: the difference between a quality investment and a “safe” investment.

If your money is in the market, it can go up and down. That may feel manageable when you are younger and have more time to recover from market declines. But when you are in your 60s and preparing to use your savings for income, market volatility can feel very different.

That is why retirement planning should consider more than just growth. It should also account for income needs, risk tolerance, risk capacity, time horizon, and how much volatility you are comfortable taking at this stage of life.

A strong retirement plan helps give each part of your money a clear purpose.

Think it’s too late to start tax planning at 62?

It may not be.

In this clip, Greg shares a story about a woman who came into the office believing she had waited too long to review her retirement tax situation. But after looking at her overall picture, the conversation shifted from “it’s too late” to “what options may still be worth reviewing?”

Without a proactive tax strategy, many retirees simply follow the default tax rules in retirement.

A comprehensive retirement plan should look beyond investments and consider income, taxes, healthcare, and legacy planning so you can make more informed decisions before and during retirement.

A strong retirement plan does not only answer “What do I want?” It also answers “What if life changes?” Market downturns, healthcare costs, inflation, taxes, and family needs can all affect your retirement. Planning ahead gives you more confidence when the unexpected happens.