One Small Shift Could Make A $2 Million Retirement Difference

Wes Moss on Forbes.com

Adequate savings are the foundation of any happy, sustainable retirement and the essential building block for any successful retirement plan. Research from What the Happiest Retirees Know shows that the happiest retirees on the block (HROBs) average $1.25 million annually in liquid retirement savings (adjusted for inflation through 2023). While money may not be the primary source of happiness, it does provide opportunity, flexibility, and choice to those who have worked diligently to save it. However, choosing savings alone (without investing) when it comes to funding retirement can be a costly mistake and can significantly impact your future wealth.

Savings Alone Typically Won’t Cut It—Become A Tomorrow Investor

For most families, earning a living is difficult enough even before attempting to save 10 or 20% of their income per year. It’s no wonder that nearly 70% of Americans aged 65-69 have less than $100,000 saved for retirement.

Read the full Forbes.com article here !

New This Week From The Retire Sooner Team

#203 – Answering Your Top Retirement Questions: Part 2

On today’s episode, Wes welcomes Producer Mallory to the studio to tackle more questions from the hypothetical Retire Sooner conference. They analyze options for when to take Social Security, examine the idea of downsizing or relocating in retirement, review three habits that many happy retirees seem to incorporate into their lives, and discuss which tax considerations retirees might want to keep in mind when planning for the future.

#18 – Smokin’ Hot Community Service with Craig Miller

Craig Miller, nearing 70, stands as one of the oldest volunteer firefighters globally, driven by the question, "If not me, who?" His revelation that over 85% of U.S. fire companies rely on volunteers underscores the immense responsibility on their shoulders. Despite his background as a public radio figure and journalist, Craig's transition to firefighting in New York's Catskill Mountains has become deeply fulfilling, though he prefers to be seen as an advocate for volunteerism. Yet, when duty calls, it's clear that Craig the firefighter emerges as the true hero.

#18 – Window Shopping For Retirement Withdrawal Rates

Wes is joined by Capital Investment Advisors Chief Investment Officer Connor Miller on today’s show. They digest the week’s news before jumping into Jerome Powell’s recent economic comments regarding interest rates, inflation, and stagflation. Next, Wes recalls a recent Dave and Busters adventure with his son to explore betting on “anything” and who might be capitalizing on the trend. Then, they compare two different retirement withdrawal rates, highlighting the practical implications of each and what it might mean for the duration of a happy retirement.

Team Highlight

A few weeks ago, our Tampa team dedicated a day to volunteer with Feeding Tampa Bay. Together, they sorted through thousands of potatoes, lending a hand to ensure neighbors in need have access to nourishing meals. We're so proud of the work our team does for their community!

Capital's 'Happy Retiree' Of The Week

Our client, Al, is living his life to the fullest in retirement! Here are a few photos from a recent trip. Al embraced the breathtaking wilderness of Alaska and shared a few photos from his whale watching experience.

Please note, Al gave us permission to share these photos.

At Capital Investment Advisors (CIA), we strive to help clients reach their goals by focusing on our specialty: Income Investing. We are a fee-only financial advisory and portfolio management firm headquartered in Atlanta with offices in Tampa, Denver, Phoenix, and throughout the United States. Our advisors in Georgia, Florida, Colorado, Dallas, and Arizona provide clients with a full range of financial advice. Since 1996, CIA has been providing financial strategy and management tailored to the client’s individual circumstances and objectives.

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