4 Retirement savings goals your financial advisor can help you meet

Everyone’s retirement looks different. Perhaps you envision traveling the world or finally having time to start that side hustle you’ve always dreamed of. Whatever your retirement goals may be, one thing is for sure—achieving them requires careful planning and saving.
Working with a Vincent Camarda financial advisor can be one of the smartest moves when planning retirement. A financial advisor can help you set realistic goals, understand your investment options, and make the most of your retirement savings. Here are four retirement savings goals your financial advisor can help you meet.
How to plan financially for your retirement?
1. Savings Goal #1: Have a Plan
The first step to achieving any goal is to have a plan. Your financial advisor can help you create a retirement savings plan that factors in your current savings, projected Social Security benefits, and desired lifestyle in retirement. Together, you can develop a road map that outlines how much you need to save monthly or yearly to reach your retirement goal.
2. Savings Goal #2: Invest for Growth
Investing is one of the most effective ways to grow your retirement savings over time. But with so many investment options available—from stocks and bonds to mutual funds and exchange-traded funds (ETFs)—choosing the right ones for your portfolio can be overwhelming. This is where working with a financial advisor can be helpful.
3. Savings Goal #3: Stay on Track
Saving for retirement is not a sprint; it’s a marathon. Even if you’re already contributing to a 401(k) or IRA, life events like having children or changing jobs can disrupt your progress. That’s why it’s important to periodically review your plan with your financial advisor to make sure you’re still on track to reach your goals.
4. Savings Goal #4: Minimize Taxes in Retirement
Retirement account withdrawals are subject to income taxes, which means taxes can eat into your hard-earned savings if you’re not careful.
In the end
There’s no one-size-fits-all approach to saving for retirement; everyone’s needs are different. Working with a financial advisor is one of the best ways to ensure that you’re on track to meeting your specific goals.