PHOENIX — When it comes to retirement planning, having a written plan can be an important tool when it comes to saving money.
Having a written plan can map out factors such as income sources, taxes and inflation, which will help retirees anticipate and adapt to changes.
A written plan can also come in handy when it comes to estate planning. Updating wills, trusts and beneficiaries is important to make sure funds are transitioned easily to loved ones.
“You want to make sure you don’t want someone getting stuck in probate court or having to go through the hassle of dealing with the next of kin or beneficiary of process if something were to happen to you,” said Matt Dages, president and founder of Bright Wealth Management.
“You don’t want to hold up your loved one, especially if they’re left in a situation where maybe they don’t have access to those funds.”
One company has emerged to guide you on retirement planning and assessing your financial needs.
Where to turn to for retirement planning
Bright Wealth Management is the place to go for all your retirement planning needs.
Bright Wealth will calculate taxes using the Bright Wealth tax calculator, which will give you an analysis of tax planning and help navigate retirement planning smoothly.
Along with calculating taxes, their team can help calculate factors, such Roth individual retirement accounts (IRAs), that can be a great tool for income growth.
Roth IRAs can offer tax-free growth and withdrawals under the right conditions — the Bright Wealth team can determine if the tool is useful in your retirement plan.
Receive a complimentary written retirement plan or call 480-866-0044.
The Bright Wealth Management Show with Matt Dages airs Saturdays from 1 p.m. to 2 p.m. and Sundays from 3 p.m. to 4 p.m. on KTAR News 92.3 FM.
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