There are many different ways that your investment future and your retirement income convert. It is important to think of these as two items that work together and can help you accomplish your goals in the future when it comes time to retire. There are six primary criteria that you should consider in determining your investment objectives. These include:
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â The minimum required yield.
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â The growth of the income and how it keeps up with inflation.
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â The reliability of that income.
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â Capital preservation of the principal.
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â Liquidity.
- Â Â Â Â Â Â Â Â Â Â Â Â Â Â Ease of transfer to a surviving spouse.
Consulting with an experienced estate planning attorney can help you accomplish all of your goals.
Did you know that when done properly, your estate plan and your retirement plan can work together? Given that longevity is increasing in the United States and that so many people approaching retirement age will also need long-term care at some point, it’s important to think of these as joint goals and to construct a plan that includes incorporation of both.
Looking ahead to the future is as much about planning for your own golden years as it is determining who will receive your assets after you pass away. Don’t wait to take action. A Pasadena estate planning lawyer can help.
