There is a retirement crisis going on, and it’s getting harder to avoid it. People between the ages of 55 and 70 are not retiring like they did thirty years ago. The 2008 financial crisis put a dent in retirement savings. People that were ready to retire in 2008 lost more than 25 percent of the money they had saved for retirement, and the other factors that have developed since then are making it harder to leave work and enjoy the good life.
Wealth Solutions, the Registered Investment Advisory Firm located in Austin, Texas, offers comprehensive financial planning for people that still want to retire at an age when they can enjoy doing the things they dreamed about doing during their working years. Wealth Solutions founded Richard Blair makes sure that the retirement plan that is developed for clients is personalized, and it takes into account all the factors that can disrupt the plan. Blair is a registered investment advisor, a certified annuity specialist, a certified estate and trust specialist, a certified fund specialist and a retirement income certified professional.
There are key factors that influence retirement planning in this new age of working longer and trying to save more. The first factor that Blair and his associates address when developing a personalized retirement plan is the fact that short-term interest rates are going to stay lower than they have in decades. Certificates of deposit aren’t good retirement vehicles anymore, and they aren’t going to get better in the future. Blair uses other investment vehicles that offer people better returns for a longer period of time.
Richard Blair has been helping people and businesses plan for the future for more than 20 years. He knows there are a number of deceiving and unscrupulous salespeople in the financial planning industry. The impact of high commissions and high investment fund expenses can destroy a retirement plan. Blair makes sure people and businesses are protected when it comes to paying exorbitant expenses and commissions by offering plans that place money in investment vehicles that are low maintenance. Blair also makes sure that the fees Wealth Solution charge are in line with the returns his personalized investment plans offer.
There are other factors that can eat into retirement funds. Kids that move back home can drain retirement savings, and the typical 401K plans are not as safe as some people believe. Wealth Solutions find the right investments to growth wealth and ensure a secure retirement.