If you’ve saved during your working years and crafted a written retirement plan with the help of a financial professional, and you are following that plan, then you’re in good shape for your retirement years, right?
Maybe so, maybe not.
As the saying goes, “life happens.” Or, as Robert Burns put it, “The best laid schemes of mice and men Go often askew.”
Your retirement plan might have seemed perfect when you first put it together, but a variety of life events may indicate it is time to review your plan and perhaps even revise it.
Here’s our list, based upon a similar one put together by your friends at the Internal Revenue Service, of such events:
- You get married
- You have children
- You get divorced
- Your spouse passes away
- You or your spouse becomes disabled
- You experience a severe financial hardship
- You receive unexpected and significant additional income
- You re-enter the civilian workforce following a period of military service
- You re-enter the workforce after an extended maternity or paternity absence
- You are laid off or “downsized” from a job by your employer
- It’s been a number of years since you’ve last reviewed your plan
- Your employer stops offering your current savings plan
- Your employer goes out of business
- Your employer merges with another company
If one or more of these trigger-items is true for you, it might be a good time to review your retirement plan to make sure it still fits your current needs and desires well. Or maybe you just need a Financial Stress Test to be more confident you’re positioned as well as possible to face the future road bumps life may place in your way.
James Holloway, Sr. and the rest of the team at Texas Financial and Retirement can help you with any of those things. They’ll sit down with you and review your current financial state, discuss your personal retirement dreams and goals, then help you to update (or create) your customized retirement plan.
Call 903-534-5477 or email email@example.com to apply for a free initial visit and consultation. Let us see if we can help you, whether it’s a minor update to give you more confidence in your future, a major revision to handle changed circumstances, or assistance with developing your own written plan for the very first time.
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Texas Financial and Retirement, Inc. are not affiliated companies. Investing involves risk, including the potential loss of principal.Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 675418