After calculating the annual portfolio need for “financial independence” at $151,713 and dividing by a 4% distribution rate, the required portfolio amount is $3,792,833, marking a significant step towards financial freedom.
A look at what is needed in saving for you financial portfolio.
It’s essential to tackle the monumental variables of future tax rates, inflation projections, and portfolio return expectations.
Despite increased income, navigating variable earnings can feel uncertain; however, strategic planning, like averaging monthly earnings and building an emergency fund, can provide stability.
After mastering variable income basics, strategize next steps: maximize retirement contributions, automate investments, and ensure surplus funds work for you.
Rather than trying to predict market drops, focus on preparation: consult your plan, build your emergency fund, and ensure short-term funds are secure.
Bunching charitable donations every other year can maximize tax savings, particularly for families in higher tax brackets, leveraging the current standard deduction.
Like training for a marathon, achieving financial stability starts with consulting a financial planner for assessment and actionable steps, emphasizing ongoing support in the journey.
Our one-page financial plan simplifies the process, saving time, reducing stress, and helping you pursue your goals effectively, providing clarity and actionable steps for your financial journey.
Never attend high-pressure timeshare presentations promising unbeatable travel deals; if it sounds too good to be true, it probably is.
Understanding what happens if you pass away before a bond or CD matures is vital, as options like the Death Put can protect your beneficiaries from losses and ensure they receive the full value of the investment.
Our financial planning process includes a discovery meeting, data gathering, brainstorming ideas, presenting your One-Page Financial Plan, executing the plan, and ongoing monitoring.
11215 N. Community House Rd.
Woodward Building – Suite 775
Charlotte, NC 28277
We serve clients in our Charlotte, North Carolina office and virtually throughout the country.
Client stories, answers to your questions, and market guidance delivered every Saturday morning at 9am!
Securities are offered through LPL Financial, Member FINRA/SIPC. Know My Plan is an other business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser.
Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.