![]() “Working together, we can help address some of the important issues that surround retirement and put some of their fears to rest. Maximizing your Social Security benefit seems to be one of the biggest challenges I see clients struggle with as they approach retirement. Markets change and regular reviews of the plan will help ensure that they stay on track to reach the goals that are important to them and their family,” Spearman said. “Above and beyond, we strive to be the firm that provides clients with the peace of mind and confidence that they need to live a great life,” he added.Īndrew Spearman, wealth advisor at SageView Advisory Group, agrees that - crunch time or not - it’s never too late to put together a comprehensive retirement plan. “Often, this is the first time that families walk through this exercise and leave feeling relieved and with additional confidence in their future. ![]() ![]() 2000, Paul Theroux, Sir Vidias shadow: a. The need for a truly tailored and personalized plan is critical,” Hartmann said. Noun Edit (slang) A critical period of time during which it is necessary to work hard and fast. “At this stage of life, general advice will not be enough. “Time is not working for you, so you must work hard, fast and efficient.”īrian Hartmann, partner at Granite Bridge Wealth Management, a part of Advisor Group, said he often meets with families who have been caught up in the day-to-day shuffle for years only to wake up near retirement wondering if they have enough stashed away. During the initial meeting, he first tries to settle any insecurities and then moves on to determining how much income they will need to live the life in retirement that they desire. You likely have more discretionary income to invest and you’re more focused and serious,” Lee said. Crunch definition: If you crunch something hard, such as a sweet, you crush it noisily between your teeth. “If you’re starting late in the game, you have resources, knowledge and skills that you did not have in your 20s. And the data bear out that sense of hopelessness. CRUNCHING THE DATAĮven when one gets the courage and cognizance to “strike” during crunch time, the retirement mountain ahead may seem demoralizingly unscalable. “It’s not too late, and there’s no time like the present to strike while it’s top of mind,” Lee said. That wake-up call Lee describes is a critical period for advisors and their clients to get together - and get it together. You have 401(k) plans, IRA, annuities, investments, and they’re all over the place with no combined strategy.” You realize that you have been going about your life accomplishing things, raising kids, paying the mortgage, growing in your career,” said Jennifer Lee, financial advisor and founder of Modern-Wealth. “And yet you have not planned to replace your income. “Crunch time is that time in your life when you’re around 50 years old, maybe 10 to 15 years from retirement, and you wake up in a bit of a panic. And it’s certainly no mere game for those investors or advisors forced to wrestle with the consequences. When it comes to retirement planning, the idea of crunch time takes on an entirely different meaning.
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