There are so many stories about entertainers, athletes, and lottery winners who have all lost their fortunes and ended up bankrupt. Each one of these people lost millions of dollars, and in many cases, enough money to last an average family for generations. When these stories come to light, people often make comments about how that would never happen to them, and that may be true. However, these stories do give us something to think about. Your retirement is very similar to winning the lottery. Once you stop working, you’ll be entering retirement with a large sum of money, sort of like winning the lottery. So, make certain that you know how long it will last and if it will be enough for you to comfortably enjoy your dream life in retirement.
It’s important to note that there are some common threads between many of the lottery winners that went bankrupt, and one of them is that they all suddenly came into large fortunes. Whether they were a struggling actor who got their big break or a lottery winner, their financial worlds changed overnight. They found themselves instantly wealthy but were ill-prepared for the responsibilities and decisions that come with it.
Imagine how differently their stories might have turned out if they had more financial discipline and the guidance of a qualified and trusted financial professional. So, why are we discussing this? The day you retire, you will have the most amount of money you have ever had at your disposal – it’s sort of like winning the lottery, except it’s a fortune accumulated over a lifetime of hard work instead of one moment of luck. This makes it even more valuable. So, do you have a solid plan in place and know how much you can safely spend each year? Do you have the right team in place to help guide you and help you avoid dangerous situations?
If you’re not completely sure about those questions, then it might be time we talk. If you want to be confident in your ability to live your life without running out of money, then don’t wait to sit down with us one-on-one. We help people prepare for retirement with our comprehensive planning process. We’ll cover all aspects of your retirement and help you plan for the years to come. It all starts by scheduling a complimentary financial review where we can review your current financial situation and discuss some of the available planning options that may work best for you.
Our mission is to help you plan for a meaningful retirement where you can achieve your goals without taking unnecessary risks. Your retirement should be what you want it to be, and it’s great to celebrate your retirement; just make sure you have a solid plan in place and the right team by your side to avoid the mistakes of managing your own big fortune.
Epstein & White Financial, LLC (“Epstein & White Financial”) is an SEC-registered investment adviser; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. A copy of Epstein & White Financial’s current written disclosure statement discussing our advisory services and fees is available for review upon request or at www.adviserinfo.sec.gov.Epstein & White Retirement Income Solutions, LLC (“Epstein & White Retirement”) is a licensed insurance agency with the State of California Department of Insurance (#0K53785). All investment advisory and financial planning services are provided only through Epstein & White Financial.
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