Tranel Talks Column

A Comfortable Retirement For Valentine’s Day

Eiffel Tower as a comfortable retirement plan goal.

Valentine’s Day is just around the corner and love is in the air! How do you plan to express your love for your significant other? Perhaps with a romantic candle-lit dinner?  Or The Tranel Financial Group can help you plan your romantic trip to Paris! Or, maybe you’re planning on sharing a comfortable retirement together, thanks to possible savings in your 401 (k).

Retirement Guidance Is Key

When choosing to retire, we are suddenly faced with the crucial decision of what to do with our 401(k)—we must decide if it is time to be rolled over to an IRA, to be cashed out, or remain untouched. These are huge decisions for any one person to be making, and thus it is important to receive the help of a knowledgeable financial advisor who can guide you in the right direction. The majority of new retirees, regardless of how confident they are in their own money management, will consult a financial advisor to help in their decision process. According to Forbes, of these retirees who sought out help from a professional, 80% stated that their financial advisors were able to add value to their retirement plan. Additionally, more than half of retirees will update their plans after retirement—another situation in which having a financial advisor by your side can make the process run more smoothly.

Create Your Own Comfortable Retirement

Although we should express our emotions to our loved ones on a regular basis, February 14 marks the national holiday on which we do so. This Valentine’s Day, you shouldn’t have to express any negative emotions to your beloved retirement plan. Many retirees will say, “I don’t want to be so worried about my financial life that I can’t enjoy my retirement life!” This fear is centered around the emotional power of money. It is very common to worry about your money. You don’t want to run out and you don’t want to lose it. After all, you may feel the pain of losing it is twice as high as the joy of earning the same amount” (Tranel and Pahl 54-55, Sunny Side Up).

Here at The Tranel Financial Group, we specialize in helping your date-specific, dollar-specific retirement accumulation plan reach its maximum potential. So let’s give your significant other the gift of a comfortable retirement this Valentine’s Day.