“Without counsel plans fail, but with many advisers they succeed.”
Our goal at Beacon Financial Group is to educate, inform and empower clients by delivering the most accurate and timely financial information available. We want to assist you with your financial goals.
With that in mind, we look for ways to design long term diversified investment strategies built within a planning process and are always looking for the most cost-efficient, high-value ways to manage your money.
Investing for retirement involves thinking about the following questions:
Counting on social security alone to pay for such essential retirement expenses such as food, utilities and taxes could create a significant income shortfall for you.
Longevity Risk – we’re living longer than ever these days. This means you may have many more years to plan for than you realize.
Inflation Risk – Inflation can reduce the purchasing power of your dollar. Maintaining your current standard of living throughout retirement will require that you gradually increase your retirement income.
Market Risk – when it comes to investing in the financial markets, there are no guarantees. The value of today’s nest egg will likely be different tomorrow, and different again in a month or year from now.
Income Risk – Imagine you’re retired. You withdraw 7% of your investment every year. What happens if the market does poorly in a given year, how can you keep your income from taking a hit?
When you decide to retire, we can help guide you on the right path to a successful retirement plan.