Your Guide to Understanding Retirement Planning in Scottsdale, AZ

Everyone needs to learn about retirement planning in Scottsdale, AZ. If you’re working, you’re old enough to start planning for retirement. The sooner someone begins planning, the better their retirement will be, too.

Figuring Out Your Retirement Timeline

Usually, people plan on retiring at the age of 65. However, with the right planning, you could retire early. A retirement planner can help you structure investments to fit your preferred timeline.

Optimizing Your Taxable Investments

Opening a 401(k) is usually the easiest way to start saving for retirement. Most employers offer matching contributions to employees using employer-sponsored accounts, too.

Anything you’ve put into a 401(k) comes out of your pre-tax earnings. So, you’ll stretch your paychecks further by investing with one of them. IRAs are another tax-advantaged account that’s useful for retirement planning.

Hedging Against Risk

As you get older, your risk tolerance generally decreases. The excessive risk could lead to unacceptable losses as you’re getting close to retirement.

By working with an experienced retirement planner, you can customize your risk profile. They’ll adjust investments to conform to a tolerable level of risk, minimizing losses.

Determine Your Spending Level in Retirement

Also, the amount you have to save depends on what you’re going to spend in retirement. If you’d like to spend lavishly, there’s more needed to support that lifestyle. So, explore your options while working with the retirement planner. They’ll help determine how much is needed to support your desired retirement lifestyle.


Securities are offered through Avantax Investment Services℠, Member FINRA, SIPC. Investment advisory services are offered through Avantax Advisory Services℠.

Insurance services are offered through an Avantax affiliated insurance agency.

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