Retirement Planning Dallas

Did you realize that you can spend a quarter of your life retired? 20 years, 30 years, or even longer of retirement sounds incredible, but it requires early financial planning to get the most remarkable results. Whether you’re starting in your 20s, 30s, or 40s, retirement planning for Dallas families begins with understanding your goals and needs. At DeWitt & Dunn, we’re here to guide you every step of the way.

How Retirement Planning Works with DeWitt & Dunn

Many people think that retirement planning simply means putting money away until they are ready to be done working. While that may have worked in the past when everyone could rely on pensions and social security, today’s financial world is vastly different. Here is how we handle retirement planning Dallas families can utilize in the real-world.

Step 1: Evaluation of Retirement Goals

To get started on your retirement planning, you need to make a sincere evaluation of your goals and wants for retirement. At DeWitt & Dunn, our retirement planning Dallas expert, Cathy, understands there is no “one size fits all” approach to retirement planning. For example, if you are planning to travel the world four times a year, it will require a different budget than someone planning to retreat to a lakeside cottage and become one with their garden. By sincerely evaluating your goals and wants, we can help you set an expected budget for the retirement nest egg you need to create.

Step 2: Assessment of Financial Portfolio

Next, we will need to evaluate your current asset and investment portfolio, as well as what you expect to obtain until retirement. By estimating how much money you will be able to save monthly, the assets you plan to accumulate, the wealth your assets will generate, and any expected income from pensions, social security, and other retirement programs will all come together to form a retirement planning trajectory.

Step 3: Creation of a Retirement Plan

Afterward, it is time to create an action plan. Depending on your current savings trajectory, you may need to make additional income efforts or want to consider investing in wealth-building tactics like annuities.

Additionally, you will need to set your course for initiating legacy planning and finding insurance solutions for later in life, such as disability and long-term care.  At DeWitt & Dunn, we can walk you through your financial opportunities and provide guidance on the options that make the most sense for your specific needs, wants, and goals.

Your Retirement Planning Dallas Resource – DeWitt & Dunn

While retirement may seem far away, planning early provides you with more opportunities to build your wealth sustainably. Whether you are a young family just setting your life’s course, a recent divorcee reevaluating your future plans, or you simply want to get ahead of the game with a confident course of action, we at DeWitt & Dunn are a retirement planning Dallas resource you can trust to have your best interests at heart.

Looking for expert retirement planning Dallas residents can trust? Our team at DeWitt & Dunn is here to help. Book your free initial consultation with us today!