By: Scott Van Den Berg, CFP®, ChFC®, CEPA®, AIF®, CRPS®, CMFC®, AWMA®
Your investment time horizon is one of the most critical considerations for your total retirement preparation, yet it's also one of the most overlooked. Here are some key points to consider when planning for your investment time horizon:
Planning for average life expectancy is not enough. Many people are expected to live longer due to factors such as current health, heredity, stress levels, and lifestyle.
In addition to your life expectancy, you may include in your planning for people that depend on you, such as your spouse, your child, and other beneficiaries.
Longevity comes with the potential for a long-term medical event to occur. It's essential to stress test for this possibility.
Investing without considering the impact of inflation over your lifetime can have significant implications for your retirement funding.
If you are a business owner, coordinating a successful business exit with your other investments and income sources is of key importance.
At Century Management, we recommend creating a wealth plan that considers all of these factors, as well as unplanned events, increasing expenses, and philanthropy. We're here to help you navigate the complexities of wealth management and plan for a secure financial future. Contact me today to learn more. (512) 692-7313