Bohemia, NY (PRWEB) September 21, 2013
Chris Hobart, founder and CEO of Hobart Financial Group, comments on an article published by Daily Finance on September 17th, which details how many potential retirees solely expect social security benefits to help them live a stress-free retirement.
According to the Daily Finance article titled “Baby Boomers Depend on Social Security for ‘Comfortable’ Retirement, Survey Says,” an Investor Index Survey revealed that over 65 percent of baby boomers are depending on social security benefits to give them the money they need during retirement. The article also says that nearly 32 percent of them would not be able to survive during retirement without Social Security checks.
While many baby boomers are relying on social security, Chris Hobart, founder and CEO of Hobart Financial Group in North Carolina, a leading wealth management firm, says there are other smart investments they can make to ensure a comfortable retirement.
“Social Security is a big part of a retiree’s financial plan,” he says. “However, people should not rely on social security alone. Speaking with a registered investment advisor (RIA) is a great way to learn about other possible means of generating income for retirement. Whether it’s investing in an annuity or other types of funds, an RIA can help you grow spendable income.”
Hobart says an RIA can also help retirees get the most out of their social security benefits by timing withdrawals. “Even if you don’t want to invest in something else, an RIA firm can give you advice on when to take out money from your social security fund to get the most amount of money possible.”
Hobart Financial Group is an independent North Carolina financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.