Do you worry about outliving your money? Do you have invested enough in your SEP IRA? Do you have the right retirement solutions?
You can never start too early to plan for your golden years with CMC’s retirement strategies. When you choose to work with CMC for retirement solutions and planning, we collaborate with your other professionals such as your investment advisor and attorney to develop a plan the meets your needs today and sets you up for a lifestyle of your choosing in retirement in the future.
Retire With Your Company’s 401(k) vs. Fund Your Own IRA.
In today’s volatile workforce, very few people have enjoyed the security of working for the same company for 25 years and retiring with a pension the company funded and managed. However, there are many retirement solutions and retirement strategies to choose from, including the traditional and Roth IRA, 401(k) and SEP IRA. Each offers specific benefits, consequences and tax ramifications. Your trusted advisor team at CMC will help you determine which retirement vehicle is most appropriate for you. After all, planning, choosing the right vehicle and then funding that plan are all key components to choosing when you want to retire and where you can afford to live.
Bridging The Gap Between Social Security And Retirement.
When Social Security and most retirement vehicles were designed, the average life expectancy in America was 70 years. Today, 1 in 3 babies born will live to be 100 years old. Working in tandem with CMC and your investment advisor, we can help you understand how to build a retirement strategies plan that bridges that gap and can help you retire comfortably.
As you near retirement, CMC can help you understand the ever-changing financial landscape. For example, we can help you find the right answers to these questions and more:
- How do you best plan for Social Security?
- When should you apply for your benefits?
- What’s the difference between a Roth IRA and a SEP IRA?
- When are you required to take IRA distributions?
- How much will that be?
- And what tax bracket will you be in when you retire?