Help with Retirement Planning El Paso TX
This content was written for Kevin Oneill
Are you searching for financial services provider to help you with retirement planning El Paso TX? One of the best retirement planning and insurance planning representatives in El Paso is a guy by the name of Kevin O’Neill at O’Neill Financial Planning. He is one of the best for many reasons. However, if you are in need of a financial planner to help you with your retirement planning, you need to give him a call as soon as possible as he is extremely busy and somewhat hard to get into. To call and schedule appointment with Kevin O’Neill call 915-373-0989.
When it comes time to start your retirement planning El Paso TX there are a few things that you want to keep in mind and understand. First and foremost you want to make sure that you have the correct insurance in place in case something catastrophic happens to you or your family. Without the correct insurance in place, you very well may deplete your retirement accounts and have no money to go on after you pay for all of the disaster relief. This is extremely important, and something that a lot of people forget or quite simply just don’t want to pay for. It is a small amount of money that could save you from financial ruin down the road. Think about it as renting the safety and security of your financial future.
The next thing that you want to think about is what is your burn rate going to be after you retire? When you go to start working on a retirement planning El Paso TX strategic plan you have to know how much money you’re going to need in retirement. Many people don’t spend as much money in retirement as they do when they are working. There is a lot of reasons for this. One of the reasons is because people are raising their children which by itself costs a tremendous amount of money. Other reasons are because people downsize the size of a house that they live in.
There are many of reasons that people downsize their life to reduce their burn rate in retirement. You want to figure out what this number is going to be for you. The third thing that is critical is that you understand when you want to retire. You have to understand and know the exact age that you want to retire so that you can figure out the amount of money that you’re going to need to have saved up to reach your burn rate every year. This is extremely important because you don’t want to end up retiring too early and not having enough money to live on in your later years.
These are the three initial things that you want to make sure that you figure out. You need to make sure that you have the proper insurance in place. You want to make sure that you know what your burn rates going to be when you retire. You want to make sure you know the age at which you want to retire. Kevin O’Neill can help you determine all of these things. To schedule your initial appointment with Kevin O’Neill at O’Neill Financial Planning call 915-373-0989.