A common misconception about retiring is that you need some ridiculously large sums of money in a retirement plan to make sure that your retirement is peaceful and easy. This is simply not true.
Commission-based investment advisors and financial planners don’t make any money on the clients paying off debt and positioning themselves for retirement through avenues other than accumulating assets, that’s why they make you believe in the misconception we’ve just mentioned.
However, we look at an individual’s retirement and financial plans with a global look in mind, and we can tell you that what you’ve been led to believe is totally wrong. Looking at a person’s current tax position, projected retirement goals, current debt status, current financial position, and true cash flow needs currently and at retirement lets us assess where you’ll stand in terms of your retirement plans – and oftentimes, people are surprised at the results! The once-unattainable retirement financial plans turn to something more feasible!
If you are concerned with retirement and you aren’t sure how you’re going to get there, you can always find the help you need at Joseph F. Fragnoli, CPA, PC in Nashville, TN.