Retirement Planning

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Your Financial Strategy

The financial services industry is bursting with ideas on creating a retirement plan, but these recommendations can vary widely based on your age, risk tolerance, bank-account size, access to Social Security or other personal details.

With so many options, how do you know the best strategy for you?
– CG Crypto Asset Management, Carisia Gonzalez can help. We work to understand our client unique financial situation and investment goals to build an easy-to-understand, comprehensive retirement plan. Our team of retirement planning experts help you build a customized plan and keep you on course to achieve your goals, serving our clients make us unique in our industry. We can help you achieve your financial goals through tailored money management, world-class client service, unique perspectives and a fee structure designed for your success.

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Your Investment Adviser

Retirement planning can be stressful. Investors often need guidance to develop a plan that can achieve their goals. There are plenty of financial service professionals—including brokers, financial planners, retirement advisers, and others—who claim to be able to help. But with so many voices, how do you know whom to trust? And how do you know you’re paying for the right advice?
CG Crypto Asset Wealth Management simplifies retirement planning, Because we aim to provide clear, straightforward advice with no hidden fees. Our fees are performance-based, meaning we succeed when you succeed.

Create Your Retirement Plan

Preparing for your financial future can seem overwhelming—there are so many variables to consider. But, retirement planning doesn’t have to be stressful if approached in the right way. Like any “life-sized” topic, planning how to reach your financial goals can be easier to tackle in pieces—and with help.
After setting your financial goals, the next critical step in retirement planning is determining your investment time horizon—the length of time you need your assets to last. Most people assume their time horizon is the same as their life expectancy, but this approach ignores some important details. For example, if you’re married or in a long-term relationship, you should consider your partner’s time horizon—particularly if your spouse is younger or likely to live longer.

Some investors also want to pass a portion of their wealth to future generations. In those instances, you should factor in the children’s or grandchildren’s time horizons. Every situation is unique and a well-planned retirement accounts for your circumstances. Anmnd another important step in retirement planning is compiling an income and expense report (if you need cash flow from your retirement accounts.) Better understanding your income needs in retirement can help you identify any gaps that may need to be addressed.

Try to incorporate potential tax implications wherever possible. For example, do you have a traditional IRA or a Roth IRA? Both? What other sources of retirement income do you expect to have? Do you have a pension? Social Security? Rental income?
Starting your retirement plan early can increase your chances for success. Don’t fret about getting everything exactly right in the beginning. Projected financial information doesn’t need to be completely accurate early on, but the more data you can incorporate, the more realistic a plan you can make.
Just make sure to review and update your plan regularly. Our experienced Investment Counselors are there to help our clients create and stick to a plan designed to fulfill their financial goals.

Setting Your Personal Retirement Goals

To begin setting your retirement goals, you’ll need to determine how much money you need from your investments, how long you’ll need those withdrawals (i.e., your investment time horizon), and what type of investments you’ll need to get you there.
The earlier you set your retirement goals, the more time you will have to build up your nest egg to help you reach these goals and cover expenses during retirement.

Here are some questions you can ask yourself to begin the process of setting your retirement goals:

What is your current financial situation, including all debt and assets (e.g., such as investment accounts, real estate, etc.)?
Do you want to maintain your current lifestyle during retirement?
Do you want to move after you retire, and if so, how will that impact your cost of living?
What will your day-to-day cash flow needs be once you retire—including household expenses, taxes, hobbies and travel?
Do you plan to spend all your money or pass on an inheritance to children or other heirs?
Do you want to leave a legacy or endowment, or support philanthropic causes?

It’s also important to keep in mind that your living expenses could change over time. To help ensure you have enough money to cover those expenses, you should consider your investment time horizon—which may often be longer than you think—and the impact of inflation.

Once you have the answers to your questions, CG Crypto Asset Management Investments can help you identify your specific retirement goals and design a plan to help maximize your chances of reaching them—which includes assessing your investment time horizon and determining an optimal asset allocation for your retirement investment portfolio.

Investing for Your Retirement

Once you’ve established your goals and time horizon, you can consider the investments options and account types available to you.

Common types of retirement investments include securities—such as stocks, bonds, exchange-traded funds (ETFs), Crypto, mutual funds and other investment vehicles—and real estate. Each has its own unique characteristics. Some investment like crypto offer more growth potential, while others might provide steady income, such as bonds or real estate.

These differences are worth understanding so you can make informed decisions about it here to invest your retirement savings.

Common retirement account types include traditional 401(k)s, Roth 401(k)s, traditional IRAs, Roth IRAs, other defined contribution plans and—to a lesser extent nowadays—defined benefit plans (i.e., pensions). Some investors also choose to purchase annuities with their retirement savings.

Similar to the types of investments you choose, the account types you select, along with their tax treatment, can have big implications. For example, crypto accounts are tax-free, without no contribution limits that can affect how much you are able to invest.

Few investors fully understand the risks and benefits their investments carry, what account types to consider or how to apply them to a retirement plan. We can help. We help our clients understand their investments and which method of retirement investment leads to the best chance of success.

Investing After Retirement

If you have gotten to this step, congratulations! Your hard work has paid off and you can spend more time focusing on things that matter most in life. Now that you’ve reached this milestone, do you need to change anything about your investment approach?

Unfortunately, many investors see retirement as the end of the journey rather than the important transition period it is. Depending on how old you are when you retire, you likely have many more years ahead. We help our clients understand how to manage their retirement savings responsibly to help ensure it lasts.

Carisia Gonzalez