Your Retirement Planner in Ft Worth & Dallas


It's no secret that people need to save for retirement. Even if you plan on working well past the standard age of retirement, there could still be several years where you'd need to depend on your savings. Is Social Security going to be enough? As of right now, the future of the Social Security program isn't certain and even if it was, it's not going to be enough money to support day to day living expenses, let alone any extras. People often have many questions about retirement planning and at Texas Retirement Specialists, we're here to get your retirement plan on track.

How Can I Save For Retirement?

There are quite a few options that will allow you to easily save for retirement. At Texas Retirement Specialists, our friendly and experienced staff will go over the available options to you and come up with a savings solution that'll fit your needs. Some of the options that we can discuss include:

  • IRAs (Individual Retirement Accounts)
  • Annuities
  • Stocks, bonds and mutual funds
  • 401(k) accounts

Does retirement planning offer any tax advantages? While each person's retirement plan is customized and unique, there are several retirement savings options that may provide tax advantages based on your specific situation. Our professional staff will be happy to answer any questions that you have regarding how retirement savings will affect your taxes.

How Much Money Will I Need To Save?

This is the question that everyone wants to know. As you may suspect, how much money you need to save for retirement is going to be based on your specific goals, along with several other factors. For example, someone who started saving for retirement very early on is going to have different savings needs compared to someone who started saving at the last minute.

Three major components are going to go into retirement savings; the rate of inflation, what your needs are going to be when you retire and the type of lifestyle that you want to live when you retire. The rate of inflation is something that everyone has to plan for as the cost of living is going to continuously increase as you get closer to retirement. The amount of money that you live off of today isn't going to be able to cover the same expenses 5, 10 or 20 years down the road.

Needs are going to vary by person but most often include projected medical expenses, insurance needs and your daily cost of living. In regards to lifestyle, At Texas Retirement Specialists, we'll take all of your goals into account when working on your retirement plan and that includes the type of lifestyle that you want to lead after you stop working. Whether you want to travel around the world or simply be able to relax in your home, we'll help you achieve your goals.

Is There Anything Else I Should Include In Retirement Planning?

When planning for your retirement, your financials are a large part of the process but they're not the only part. You may also want to consider incorporating estate planning into your retirement plan so that you're completely prepared. We can also go over life insurance options and annuities with you to help ensure that your family's finances are protected.

If you'd like to find out more about retirement planning or how you can get started today, feel free to contact one of our staff members. Our retirement planning offices are located in Fort Worth & Dallas, Texas and you can always speak to one of our helpful representatives by phone.

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