Broker Check
Retirement: Strategy Wins the Game…

Retirement: Strategy Wins the Game…

December 13, 2020

When it comes to important decisions in your life, “shoot from the hip” and “gut instinct” may work in the movies, but for the rest of us, strategy, planning, and consistency are usually the best and safest ways to success. That philosophy is never more true than when it comes to saving for retirement.

At One Financial Services, we have answers to your retirement questions. Our team is expert at developing an individualized strategy and creating a plan that aims to meet your long-term goals.

For instance, how much of your income should you be putting aside? Based on your current needs, we recommend 10% to 20%. This percentage includes employer matches into your company retirement 401(k) plan. So, if you’re contributing 5% of your income to the plan, and your employer will match that, you’ve achieved your 10% retirement savings goal.

If your company doesn't offer a 401(k) plan, or if you’re self-employed, opening an IRA or Roth IRA would be a good alternative. And figuring into an overall strategy should be computing how to maximize your Social Security benefits. You may also want to consider investing in an HSA, a health savings account, which can be particularly beneficial for entrepreneurs and the self-employed.

As your career advances or your business grows, raises, bonuses, extra profits can be figured into the plan to allow for more flexibility. And as important as is consistency, so is flexibility. You know what they say, “Life is what happens while you’re making other plans”.

A good retirement strategy takes into consideration the age at which you would like to retire, your family history including health issues and longevity, as well as caring for and protecting loved ones. Your One Financial Services advisor will assess the best way to accumulate wealth while minimizing your tax exposure along with determining your tolerance for risk. Every one of these aspects will figure into a comprehensive retirement strategy.

Working with One Financial Services will provide you with a partner to develop that strategy and help build the future you’re dreaming of. 

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.