Are you worried about outliving your savings during retirement? You’re not alone.

With life expectancy on the rise and economic uncertainty looming, it’s essential to take proactive steps to safeguard your financial future. Fortunately, we’ve partnered with two leading financial advisory platforms, Unbiased and WiseAdvisor, to bring you expert advice and actionable tips to help you navigate this challenge with confidence.

Tip 1: Start Early and Save Consistently

Starting to save early and consistently is crucial for building a strong retirement fund. Expert advisors recommend establishing a habit of regular saving from a young age to benefit from the power of compounding. This strategy allows your investments to grow over time, maximizing their potential. Additionally, automating your savings contributions can help you stay disciplined and aligned with your long-term financial goals.

Take Charge of your Financial Growth

Financial advice from a licensed professional can boost your lifetime investment returns by nearly 2x.

Many have benefited from expert financial advice. Consulting with a professional can provide valuable insights for your financial journey.

Comparing a 5% annual growth of a $500k portfolio to an 8% annual growth of an advisor-managed portfolio over 25 years, the figures are based on insights from Vanguard’s whitepaper, Putting a Value on Your Value: Quantifying Advisor’s Alpha.

Tip 2: Diversify Your Investments

Diversification plays a vital role in reducing risk and optimizing returns. Unbiased advises spreading investments across various asset classes, industries, and geographic regions to minimize volatility. Meanwhile, WiserAdvisor’s recommendations align with your risk tolerance and financial objectives, ensuring a diversified portfolio that reflects your unique investment goals.

Tip 3: Plan for Longevity

As life expectancy rises, planning for a longer retirement horizon becomes increasingly important. Experts advise considering factors such as healthcare costs, inflation, and lifestyle expenses when crafting your retirement plan. Specializing in retirement planning, advisors can assist in creating a customized strategy to support your desired lifestyle throughout retirement.

Tip 4: Stay Informed and Seek Professional Guidance

Financial planning can be complex, but you don’t have to navigate it alone. Unbiased offers a wealth of educational resources, including articles, guides, and webinars, to empower you with the knowledge you need to make informed decisions. WiserAdvisor’s network of vetted financial advisors is available to provide personalized guidance and support tailored to your unique circumstances.

Tip 5: Review and Adjust Your Plan Regularly

Your financial plan should evolve over time to reflect changes in your life circumstances and financial goals. Unbiased recommends regularly reviewing your plan with a trusted advisor to ensure it remains aligned with your objectives. WiserAdvisor’s advisors can help you anticipate and prepare for life’s uncertainties, ensuring your financial plan remains resilient and responsive to your needs.

Don’t let the fear of outliving your savings hold you back from enjoying a secure and prosperous retirement. By implementing these five tips and leveraging the expert guidance and support of Unbiased and WiserAdvisor, you can take proactive steps to secure your financial future and achieve peace of mind.