BUILD WEALTH

Your Life, Reimagined

Retirement is not an age, it is a number, a dollar amount.  When you have created an income stream that you can live on, you can retire.  If you have not created it, then you cannot retire.

​

Are you counting on social security?  Colonel Sanders started Kentucky Fried Chicken after he learned the harsh truth that he could not live on his social security check.  Will it even be there in the future?  That has been debated.  It is best to take care of the issue yourself and then just take social security as a bonus (if you get it).

​

Working people should take advantage of tax favored accounts like IRAs.  In establishing an account it is important to understand the difference between a "shelter" and a "vehicle".  The vehicle is what the actual account is, e.g., a stock mutual fund, a passbook savings account, a certificate of deposit, etc.  The shelter is the agreement with the IRS for that account about how it will/will not be taxed, when you can take it out, etc.  Both ideas are important as you make decisions about investing.