Best Financial Advisors in Provo, UT

When $1m isn't enough... How much money do you need to retire successfully today? Is it $500,000? $1 million? $3 million? What number will give you the confidence to retire comfortably? A lot of people believe that achieving a savings goal ensures a successful retirement. But there’s rarely a rhyme or reason behind that number. I can show you a long list of multi-millionaires who went broke because they didn’t have a financial plan. And I can also show you a long list of people with modest savings who were able to create the retirement they always wanted. So how do you know how much money you’ll need for retirement? Here’s the reality… Having a “magic number” is meaningless unless there’s a plan behind it. This plan should include critical things like reducing your taxes, optimizing your social security benefits, budgeting for out-of pocket healthcare expenses, how you could generate monthly income and more. So, in order to retire successfully today you’re going to need to do more than achieve a random savings goal.