Wednesday, May 24, 2017
Creating a Plan toward Retirement Stability
At the forefront of an expanding industry, Allegis Wealth Advisors provides wealth and risk professionals with resources for providing people with means of building secure financial futures. One aspect of this involves Allegis Wealth Advisors setting in place the financial planning program Wealth Building Cornerstones, which provides an economics-based foundation to efficiently growing long-term assets.
Saving for early retirement is a key goal of many people who use Allegis Investment Advisors’ approach, and it begins by setting down a formal plan on how to achieve financial security. Writing down goals helps solidify a sense of mission and provides definite direction through life’s ups and downs.
The plan should encompass cash flow and savings goals and can incorporate elements such as business, paper assets, and real property holdings. The plan also should be formulated to encompass three distinct financial stages, including the career years of aggressive accumulation, semi-retirement years of asset growth, and the “spending down” of such assets during final retirement years.
The results of this approach are well demonstrated. A Harvard Business School study extending three decades found that the 3 percent of participants with detailed written goals achieved results that exceeded those of the 83 percent with no well-defined goals by a factor of 10.