It’s after Memorial Day and summer is on everybody’s mind. You may have a summer vacation already planned, or maybe you’re in the process of planning one, but you should be planning for more.
Jacobs Financial Services says now is the time to plan to take as many vacations as you want when you retire. CEO and Owner Tom Jacobs, and Communications Director Terri DeBoer, stopped by “Live In The D” to share how they can help you start making your plan now.
Everyone knows about the summer road trip which involves mapping your way to your destination. Jacobs Financial Services takes that same approach with your retirement and offer their own roadmap to financial success. “Retirement has a lot of different aspects to it,” said DeBoer. “We have to talk about having a tax strategy, we talk about the different products that will help you turn what you saved into a steady stream of income that will compliment your Social Security.”
It’s all those moving parts that they say they put together in their roadmap which is complimentary to their clients.
With every road trip potholes and possible detours along the way can cause problems getting to your destination, and the same goes when it comes to reaching retirement. “When it comes to retirement, planning for one of the biggest obstacles is taxes,” said Jacobs.
He says people are comfortable saving in a company retirement plan and watching the nest egg grow, but what it also is, is a tax bomb. “Because once we start pulling money out of that tax differed retirement account, the bomb goes off,” said Jacobs. He says that’s one thing people need to think about now.
Jacobs has also written a book about his strategies for retirement called “Retirement Domination”. They send the books free of charge to anyone who calls their office. You can reach them at (248) 250-9003 or go to their website here.
To hear more retirement advice, click the video player above.