Whether you are approaching retirement or have already retired, you may find yourself standing on the precipice of one of your life's most important financial decisions. Where should you retire and live out the rest of your life? While we’re a bit biased, a recent study in 2021 showed that South Carolina ranked third highest where U.S. residents moved to live out their retirement years in style and comfort.
The vibrant, thriving city of Greenville, with its southern charm, numerous amenities, and lower cost of living, is increasingly becoming a hotspot for retirees. And why wouldn't it be? Its mild climate, abundant recreational activities, and high-quality healthcare make Greenville a compelling place to spend your golden years. But, as you decide where to retire, planning a comfortable transition that may impact the rest of your life and your spouse's life is essential.
As a fiduciary financial advisory firm located in Greenville, SC, Global View Investment Advisors specializes in helping successful high-net-worth, high-income individuals and business owners with their retirement planning and wealth management needs. In this blog, we’ll share three of the most frequent retirement planning questions we receive from our clients:
A critical component of a successful retirement plan is having a realistic, sustainable budget that funds your current and future lifestyle. It’s not just about maintaining a budget; it’s about crafting a realistic, affordable strategy in a volatile economic environment. It's crucial to regularly review and adjust your budget to cope with changes such as high inflation, market volatility, and fluctuating interest rates.
Engaging a financial advisor in Greenville is invaluable for this process. A financial advisor, mainly a fiduciary investment advisor, offers expert insight, leveraging their deep understanding of financial markets and retirement planning to help you develop a sophisticated plan that adapts to economic change over time.
Our financial advisors in Greenville, SC, can work with you to create a retirement budget that doesn't just survive changes but thrives amidst them. We understand your desire for a secure, comfortable retirement and will work to ensure your budget aligns with your lifestyle goals.
A core tenet of investment management during your retirement years should be diversification. This practice includes allocating investments across various asset classes to mitigate risk - too much money in one investment.
Asset classes are investments with similar characteristics that behave similarly during the same market conditions. Each asset class is expected to reflect different risk and return investment characteristics, and they often perform differently in any given market environment. Here are some of the most frequently used asset classes:
At Global View, our experienced team of retirement planning advisors in Greenville, SC, can be invaluable in navigating a diversified strategy with multiple asset classes. As fiduciaries specializing in retirement planning, we can assist in developing retirement-specific investment strategies that align with your risk tolerance, lifestyle goals, and financial objectives.
Without an estate plan, there is a risk that your wealth may be distributed according to your wishes. For example, your estate might face unnecessary taxation, and your family might endure a complicated probate process during emotional grieving. These are all issues that can be mitigated with the right estate plan. Always consult a professional to ensure your estate plan is comprehensive, tax efficient, and compliant with current laws.
Here are the primary reasons why you should have an estate plan in place, especially as you plan your retirement:
Retiring in Greenville, SC, can be an enticing proposition, but the journey can become stressful without comprehensive financial, retirement, and estate planning.
Our founding members experienced a demanding financial environment after emerging from a Wall Street firm. The relentless push to generate substantial fees and commissions to meet the production targets of a publicly traded parent company was its priority, often at the expense of the client's objectives. The focus was predominantly on the company's bottom line, not the client's financial well-being.
Exhausted by the pressure to sell Wall Street firm mortgages to our clients and troubled by the unknowing deception of failing to offer them the best possible investments, we recognized the need for a change. As a result, we decided to break free and launch Global View Investment Advisors.
At Global View, we're a fiduciary firm operating fee-only. Our commitment is to provide sound advice instead of pushing product sales. Being independently owned by our principals ensures we can recommend the best investments tailored to our client’s unique needs.
Prioritizing your financial needs above our own is just one of our guiding principles. By serving your interests first, we both prosper over the long term.
We practice what we preach by incorporating the same investments we recommend to clients in our families’ portfolios. When we employ outside funds, we require those managers to invest their capital alongside our clients. This is what we call 'skin in the game.' While it may be a rarity in Wall Street circles, our clients know that we are vested in how their assets are invested.
If you want to collaborate with a wealth management team that cares, we’d be honored to talk with you.