As you approach retirement you may feel like you’ve taken the right steps, but are you really on the verge of a financial fight in your golden years? There are major risks that could lead to problems if you aren’t careful. Anna Christine, a partner with Golden Reserve, appeared on “Live In The D” to talk about some of the fights you may face in retirement and how you can avoid them.
One of the things Christine touched on is taxes. “A lot of time people build up money... and they think, ‘Oh, I’ll just take it out when I get to required minimum distribution age, but if you do that you’re walking into two tax traps,” said Christine. She explained that if you wait you will get hit with potentially big tax payments.
Another thing that you may not be thinking about in retirement is fees, and it’s a fight you can avoid. “We have a flat fee and this is in contrast to what most financial advisors do. They do an asset under management fee,” said Christine. That means you end up paying higher percentages as your retirement balance grows.
Third, Christine touched on fighting stock market risk. With the constant up and down from day to day, month to month, and year to year, she said it’s important to look at all the places you have your money invested so your not constantly fighting this once you’ve retired.
To hear how Golden Reserve can help you in these fights and avoid these risks, among others, click the video player above.
You can also call 313-888-8884 to learn about the special strategies Golden Reserve can offer you to help with your retirement.
Disclaimer: The information provided is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Financial instruments involve risk. Actual customer results may vary. Subject to full terms and conditions available at: goldenreserve.com.