Helping You Shape Your Financial Future
You worked hard and deserve to retire the way you want to. Maybe you want to retire early or maybe you have plans to travel extensively. First, you have to navigate through the financial world, tax laws, and your retirement plan companies to prepare for retirement.
We are here to help you do that. At Massie & Associates, we approach your retirement by looking at your full financial picture, using investment tools and strategies to pursue your retirement goals. We also help protect your assets and minimize your tax obligation.
Charles Massie is both a CPA and CFP® with over 20 years of experience. This means we can create a comprehensive financial plan that considers the ever-changing tax laws and how they affect your overall financial portfolio both now and in the future.
Most sources recommend saving 10-15% of your pre-tax income for retirement. You may need to save more if you’re starting late. It also depends on how much income you need during retirement and what kind of return on investment you can expect. We can create a financial plan that helps you reach your retirement goals.
Most people need multiple streams of income during retirement. These may include Social Security, 401(k) or 403(b) distributions, IRA withdrawals, and income from other investments and savings accounts. You can even use Roth retirement accounts to reduce your tax burden in retirement. We can help you create the right mix of income streams.
How much income you receive during retirement all depends on the type of retirement plans you have set up. We can help you calculate your expected retirement income for you by going over your assets. It’s important to create a financial plan that deals with your retirement income distributions.
Once you reach retirement age, you can start taking regular distributions from your retirement plans. We can help you create an income distribution plan to ensure you don’t outlive your assets. We can even create fixed income streams for you with annuities.
Social Security: Five Facts You Need to Know
