Your retirement assets can be used for the following purposes:
Liquidity – short term goals, upcoming emergencies
Income gap – cover the income gap between your predictable income and expenses
Protection – cover the risks that could derail your plan such as premature death or long term care event
Growth – keep up with increases to your expenses due to inflation
And the fifth purpose…..legacy…which we discuss today
Did you know there is an “optimum” amount to allocate to each of these purposes to accomplish your retirement goals? If you want to know the optimum amount for you, we can work together to create a retirement blueprint just contact me.
