Planning for Retirement?

Planning retirement can feel overwhelming, especially if you're unsure where to begin. At Blackmon Financial Group, we believe that retirement income should not only meet your needs but also fulfill your desires. 

No matter what you do for a career or job, when the time comes to retire, your new job consists of filling your days with activities to enjoy your well-deserved time off.

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The picture to the right shows a man hiking up a mountain. Climbing Mt. Everest is a monumental challenge that requires years, if not a lifetime of preparation. Historically, the risks are significant, with 1 in 10 climbers perishing during the ascent and if lucky enough to reach the summit, 1 in 20 face fatal outcomes on their descent. Alarmingly, 50 to 60% of fatalities occur while coming down from the summit, highlighting the dangers that await even the most experienced mountaineers. This is how retirement works. Planning the last 10 to 15 years before you retire is the time of accumulating assets and where most chase returns and yields in their portfolio. After you retire this though of accumulation needs to turn to cash flow. You should not be chasing returns but looking for actual cash flow on those assets that you accumulated. Like using different muscles and tools to climb the mountain you need different muscles and tools to get down the mountain.

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At Blackmon Financial Group, we know while you're enjoying your newfound freedom you will still need a salary that to start, is the same as your past salary. This retirement income must be growing and accounting for inflation over the rest of your lifetime.

Our comprehensive financial plans focus on ensuring that your retirement income keeps pace with inflation while covering your bills and allowing you to enjoy life while giving you the right to spend.

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From tax planning to future cash inflows, we provide the guidance you need to make informed decisions about saving for retirement. Should I put the money into a savings account, CD's, mutual funds, IRAs, 401ks or should we put everything on a round table and walk around and look at the assets from different perspectives including how each are affected by present and future tax and contract law?

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Tax planning and future cash inflows to account for taxes and inflation is the cornerstone of our planning.

Remember if you do what everyone else does you will get what everyone else gets. Read the blog to find out more on this topic and if interested in a more in-depth conversation, feel free to contact us.