Dec 4, 2019
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Conventional wisdom suggests that you need $1 million to retire — but for young families planning their retirement years, that nest egg shatters pretty quickly when accounting for inflation, rising lifestyle costs, and the expected (and unexpected) expenses of raising your family.
While retirement is a long-term goal, there are plenty of short-term goals to distract you from saving early. College savings, vacations, home renovations, and even your emergency fund can take precedence over building your retirement savings.
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Many families don’t have the time to think about how much they might actually need, and one size fits all retirement advice further muddles how much will work for you.
You can contact a financial planner to help you balance your saving priorities, but financial planners tend to come with limited office hours and a hefty price tag — most charge an hourly rate, or a flat fee per financial plan ranging between $1,000 and $3,000. Not to mention the management fees.
If you think that cost is too high, you are not alone. The folks over at Facet Wealth think it shouldn’t cost so much to get your retirement planning on track.
Get planning today
Facet Wealth is one of the fastest-growing financial services companies in America. Facet Wealth's job is to connect you with a Certified Financial Planner (CFP®). In a 30-minute call with Facet Wealth, you can talk goal-setting, general priorities and figure out how to move forward.
Forget finding the time during your busy weekdays: Facet Wealth is all online, and they are available when it’s convenient for you.
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What to expect
The CFP® reviews your finances and goals and recommends a comprehensive long-term financial plan — which includes the answer to how much you specifically should save for retirement.
And the best part (besides the convenience)? A CFP® is a law-bound fiduciary, meaning they have a legal obligation to put your wishes above everything else.
If their game plan sounds good to you, you can choose to hire Facet Wealth under a variety of plans tailored to your budget and needs. Facet Wealth doesn't charge management fees either. Of course, once signed up, your assigned CFP® is on hand to answer your questions and meet whenever you desire.
That's a lifetime of retirement stress successfully managed, and for a fraction of the cost.
Not bad for 30 minutes, huh? Set up your call with Facet Wealth today.
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Rudro is an Editor with Moneywise. His work has appeared on Yahoo Finance, MSN Money and The Financial Post. He previously served as Managing Editor of Oola, and as the Content Lead of Tickld before that. Rudro holds a Bachelor of Science in Psychology from the University of Toronto.
