The Financial Guys

Western New York's Trusted Advisors

Management, Investments, Insurance

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Retirement Planning in Buffalo

How much money will you need when you retire?
It’s a question that often hangs on people’s minds. Retirement planning involves planning out your income needs for the future, but decisions to make those goals happen have to be made in the here and now. Due to this, retirement planning can often seem overwhelming or even something that you can wait on. Don’t wait. The sooner you can start planning out your retirement the better. The Financial Guys of Buffalo, New York can give you the knowledge and the power that you need to make sure that you live the kind of the retirement that you desire.

When should I start planning for retirement?
The best answer to this question is now, or at least as soon as you can. The sooner that you start to plan for retirement, the more you’ll have to work with. Another thing to take into consideration is that even if you have an employer sponsored 401(k) or some other type of retirement plan, is it going to be enough? Many people depend on their 401(k) or pension only to realize that it wasn’t enough to live the life that they had dreamed of when they thought about retirement.

What are my options for saving?
One of the great things about planning for retirement is that you have several options. You’re not stuck only using one type of retirement savings fund or method in order to meet your goals. Here are a few of the different options that may be available to you:

• 401(k)
• Company profit sharing
• IRAs
• Mutual Funds
• Annuities
• Stocks and Bonds

Do I just need to worry about money?
One common myth that’s associated with retirement planning is that you just need to worry about having enough money. While saving money is part of the equation, it’s not the entire equation. Retirement planning also involves making certain that you have the means to cover everything life throws your way. For example, if you needed long term care, you may not initially include a plan or protection for that but it’s something to consider.

Everyone’s goals for retirement are different. Your goal may be to live a life of luxury and travel around the world or your goal might include being able to simply live the lifestyle that you have now and have enough money set back to take care of the basics. Whatever your retirement goals are, The Financial Guys are your planning professionals.

Mike Lomas has put together a few videos that every person should consider before retiring. We hope you find these videos informative, and as always feel free to call our office or use the “Help Ensure Your Future” box to send us an email.

So You’re Retiring…

The Retirement Gap

Proper Diversification


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