Retirement is one of the significant transitions in life, and Matt Dixon, an expert Registered Financial Consultant, works with couples in planning for the next phase of their life. Most people in Seneca, SC, recognize the importance of this time of their life, but they may not start early in planning for their future.
Sometimes, without the assistance of a specialized retirement financial advisor like Matt Dixon In Seneca, SC, couples may have a general understanding of when they will retire, but they may not have the details in place. When this happens, it is common for additional and unplanned expenses to crop up over time, which can rapidly deplete retirement savings.
These discussions can be challenging, and Matt Dixon works closely with the individual or the couple to develop an understanding of budgeting, goals, and issues that are a focus for the clients.
Budget Issues
A big consideration for retirement planning in Seneca, SC, is the retirement budget. This includes ongoing expenses such as utilities, insurance, mortgages, and health care costs, as well as having an emergency savings for unforeseen expenses that can crop up at any time.
In some cases, the couple may decide to downsize to a smaller home, apartment, or condo, and both preparing the current residence for sale as well the purchase of another residence can have a cost.
Lifestyle Changes
Many individuals and couples have dreams for retirement that are generally discussed by not clearly considered. These types of changes can include increasing travel, buying luxury vehicles or special purchases such as boats or RVs, or moving out of Seneca, SC, to be closer to family and friends.
Talking to your spouse or partner, as well as the rest of the family, is instrumental in developing a comprehensive retirement plan.
Matt Dixon is a Registered Financial Consultant with TruNorth Advisors. He has over eight years in providing exceptional service to those planning for retirement in Seneca, SC. To learn more, see us at website
