There are many different articles, blogs, and advice columns written on how to save money for retirement. The bad news for people in Greenville, SC, is that much of this information is outdated or untrue.
One of the most effective ways to plan for your retirement is to work with Matt Dixon, a Registered Financial Consultant. It provides you with the information you need to retire comfortably in Greenville, SC, to travel, or do something you have always wanted in your retirement.
Myth 1: You can plan for your retirement without help
It is challenging to plan for your retirement. Professionals like Matt Dixon know the questions to ask and the potential issues you may face. In addition, they offer accurate, up-to-date, and unbiased information on how to increase your retirement investments and decrease your tax liability. This combination is critical to building your retirement fund during your working years.
Myth 2: Deferring taxes is always the best choice
There are many considerations when choosing the best investment options. Tax-deferred investments are one option, but they are not always the best choice. Accurately assessing your future financial income helps to determine if it is better to pay taxes now on investments or wait and pay them in the future. For those with a potential increase in income, deferring taxes may not be the best option.
Myth 3: Interest earned will cover the cost of living
Many people assume that earned interest will cover the cost of living, but that is only accurate if your total retirement value is developed to include the cost of living. This is one of the benefits of working with Matt Dixon, these types of assumptions will not be overlooked.
