AOG Wealth Management provides investment management services in a boutique setting and, unlike other firms, works with a team of professionals specializing in specific areas of wealth management. This allows us to incorporate more services and platforms, as well as provide our clients with unique financial plans based on said client’s financial goals and risk/reward profile. One of the things we can do for our clients is to help them with their retirement funds. In today’s article, we’ll give four tips for managing retirement savings:
Figure Out a Spending Plan – You need to have a plan in place to help you live through retirement. This plan will help manage your wealth while still allowing you to enjoy this time in your life. Your spending plan should include a budget for daily living expenses, goals and aspirations, charitable donations and large investments. Make sure to prioritize the things that are most important to you.
Safeguard Your Legacy – As a wealth management services provider, AOG Wealth Management recommends always preparing for the future by taking steps to ensure that your wealth will be used in a way that aligns with your core values when you pass away. Even if it seems too early, it would be wise to start estate planning if you want to leave a legacy. Your estate includes your cash, life insurance policies, personal property, remaining retirement funds and investments.
Think About Your Withdrawal Strategy – A spending plan is just the first step. You also need to figure out the most optimal method for drawing from your assets. It’s helpful to consult a professional like us for this step, because different stages of retirement can require different withdrawal amounts.
Prepare for the Unexpected – A spending plan and withdrawal strategy can only go so far. The one constant in life is change, which is why it’s so important to be sure that your investment portfolio and retirement savings will support you when you no longer can. Work with your financial advisor to create a strategy.
If you need a wealth management advisor to help you meet your financial objectives, give AOG Wealth Management a call. We specialize in managing wealth for high-net-worth individuals, trusts, donor-advised funds, companies, pension plans and other accounts of similar nature. Call us at (866) 993-0203 to learn more about our services or to get a complimentary consultation. We serve clients in Washington, DC, and nearby areas.
Securities offered through TD Ameritrade Institutional Services located at 7801 Mesquite Bend Drive, Suite 112, Irving, TX 75063-6043. Investment advisory services offered through AOG Wealth Management, Inc. AOG Wealth Management, Inc. is neither an affiliate nor subsidiary of TD Ameritrade Institutional Services.
The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor with regard to your individual situation.