"Can I Afford to Retire?" Top 3 Misconceptions

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Worried about affording retirement? Have you been asking yourself "how much is enough to retire?". If so, you may have encountered one of these 3 misconceptions related to your income in retirement. Today, Senior Vice President of W.A. Smith Financial Group & seasoned financial advisor, Andrew Toccaceli, outlines the 3 most common misconceptions as well as offers a correction to each misconception.

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Contents of This Video
0:00 - Introduction
1:25 - Misconception 1: Must have c100% of gross salary
3:47 - Misconception 2: Live on 60/70% of take home salary
5:29 - Misconception 3: Taxes go down
7:57 - Free Retirement Tune-Up

DISCLAIMER: This video is for informational and educational purposes only. It does not contain investment advice or constitute a recommendation of any investment strategy. Investing involves risk of loss and past performance is never a guarantee of future results/returns. The strategies discussed may not be right for you, and your personal circumstances should be considered before the adoption of any investment or tax strategy. You should review all tax decisions with your accountant, counsel, or tax advisor. Investment advisory services provided by Great Lakes Retirement, Inc., an SEC-Registered Investment Advisor. Insurance and tax planning services provided by W.A. Smith Financial, LLC. You can read more here: https://wasmithfinancial.com/disclosure/

#retirementtips #retirementplanning #incomeplan #retirementadvice #misconceptions #financialadvisor Great Lakes Retirement, Inc., operating under the DBA W.A. Smith Financial Group, is the sole SEC-Registered Investment Advisory firm. Investment Advisory Services are offered exclusively through Great Lakes Retirement, Inc. SEC registration does not imply an endorsement of the firm by the SEC, nor does it indicate a specific level of skill or qualification. Insurance and Tax Planning services offered through W.A. Smith Financial LLC. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A can be obtained by visiting https://adviserinfo.sec.gov and search for our firm name. ADV Form 2B is available upon request. Neither the information nor any opinion expressed is to be construed as solicitation to buy or sell a security or personalized investment, tax, or legal advice.

This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.