Retirement is generally seen as a faraway abstract thing until the years start flying by and people realize that there is not a lot of time left and not enough money either. Early retirement is even more of a gamble. Many people simply dive into early retirement while others start planning when they get there which is simply setting up for failure.
David Giertz who is a well-known and respected Financial Advisor shared some touch points on securing a financially stable retirement. Saving huge amounts of your income into a retirement account is always a good idea; however, it is hardly ever enough. Before you retire, you need to have considered other income opportunities to ensure financial stability after retirement.
Investment can be a great way to get that extra income. Mr. David Giertz has a list of three things that you should consider to make smart investment choices.
Do you have enough saved up for early retirement?
Knowing just how much money you will need during your retirement will help determine the decision of how much to save.
What is the best retirement plan?
Once you know how much you will need, you should find a flexible plan that is well thought out paying extra attention to your financing when you are set on early retirement.
How do you go about investing?
It is best to complement your savings account with a brokerage account. This will give you access to stocks, bond markets, and currencies.
David is in WABC as a certified business coach as well as an industry arbiter working with FINRA. He has over 30 years of financial service experience, making him one of the best financial advisors in the US. He is a visionary, inspirational leader, and has been involved with numerous community organizations.