Personal Retirement Planning & Saving
The average American spends approximately 30-40 years in the workforce, but far less time saving for retirement. According to Time Magazine, nearly 1 in 3 Americans have not started saving for retirement, and the numbers get even worse for millennials. While saving for retirement at a young age may not seem like a priority, starting early gives you a better chance for a more comfortable and stress-free future. At Magellan, we’re committed to understanding your dreams and making them a reality.
As you get older, the thought and weight of retirement grows and can become overwhelming without a plan. Many of those that are currently “saving for retirement”, are not doing so properly. Some hang on to the nearly impossible, cliché dream of winning the lottery or hitting it big at the Casino. And there are others that blindly transfer money into a savings accounts, hoping that by the end of their career, they will be financially secure. While that certainly is better than nothing, let’s face it, “hope” is not a sound plan. At Magellan, our main focus is to not only help you save, but to increase your wealth through a plan we’ve arrived at together.
By the time most people reach their 40’s, 50’s, and 60’s, one of their biggest worries is, “Do I have enough saved to retire and live comfortably?” They are afraid they will not have enough because they have been supporting their children, and possibly their parents. That’s why at Magellan, we work with our clients step-by-step throughout their lives; continually monitoring their retirement progress with Wells Fargo Advisors’ Envision® process. We combine this process with our own proprietary process to help create clear, concise pictures of where you are today, why you invest and how to help chart the course to your desired future.
We believe that in order for a retirement plan to truly be effective, there must be a personal connection with an individual or couple because it is more than just numbers, it’s your livelihood. By knowing where you want to go and what’s important to you, we will create a truly customized plan for you and your family, that even matches your personality. Your finances and your retirement dreams are like snowflakes – no two are exactly the same.
How Our Retirement Planning Works:
Because every family’s situation is different, the Magellan investment planning process is designed to help you establish your goals (both short and long term), taking into account your family’s individual circumstances. Once those goals are established we then work with you to chart a course for financial success, taking into account everything from college savings needs, to retirement saving, to estate planning. If you are a small business owner we understand you are your business and will help you integrate the both sides of your financial life. The plan is dynamic, not static, meaning it is reviewed and updated on a regular basis.
Your investment strategy is a direct result of your plan, designed to help you achieve your goals. We have a number of different strategies we deploy, including sustainable investments for those who want to be socially mindful with their investment portfolios.
We are here to answer any questions on where to start or how to save, and hopefully, answer questions you have not thought of, yet. Learn more about the benefits of retirement planning and retirement guidelines.
You care about your family’s financial security, and so do we. Contact us today and let’s talk about our Retirement Planning Services.
Wells Fargo Advisors Financial Network and its financial advisors provide non-fiduciary services only. They do not provide investment advice [as defined under the Employee Retirement Income Security Act of 1974 as amended (“ERISA”), have any discretionary authority with respect to the plan, make any investment or other decisions on behalf of the plan, or otherwise take any action that would make them fiduciaries to the plan under “ERISA”.
Wells Fargo Advisors Financial Network and its affiliates do not provide legal or tax advice. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state