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Total Financial Solutions: Planning For Retirement

At Total Financial Solutions, President/CEO Arif Halaby is talking about a few important things to consider when planning for retirement.


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Halaby, a Certified Estate Planner, was joined by his son, Logan Halaby, during the latest “Total Financial Solutions Safer Money Hour” on KHTS to give listeners professional insight into the world of retirement planning.

“That bucket of money you’ve set up and saved for your whole life is designed to replace what you got from your job,” said Logan Halaby. “The real (reason) why most people go to work every day is for the income, and that has to be replaced by whatever financial setup you’ve done and the combination of a pension, social security, your personal savings — all of those different factors.”

Related: Total Financial Solutions: The Importance Of Protecting At-Risk Dollars During Retirement

It’s important to not only have multiple sources of income, but to have them coming from different places, Arif Halaby added.

“What we have seen is when clients come to us with multiple sources of retirement income, they tend to have a healthier and a stronger retirement, meaning they can weather the storm if times get tough,” he said. “That’s the last thing you want, is multiple sources of income, yet coming from the same source, meaning everything is coming from the stock market or everything is coming from real estate. That’s wonderful when things are good but … what if things go bad?”  

Another factor to consider when planning for retirement is inflation, coupled with the fact that social security recipients typically do not get cost-of-living increases, according to Halaby.

“It’s a lot today, but in the future it may not be, so consider that,” he said.

Those planning for retirement also need to consider unexpected expenses like necessary repairs on rental properties, which would take away from the income that property generates.

In addition, the age a person plans to retire will contribute to the amount they receive from social security because those who take their benefits as soon as they are eligible at age 62 will receive less than those who wait, Logan Halaby noted.

“That really can make a difference as well, whether you retire at 62 or 70 or somewhere in between,” he said.

“You’ve heard me say this,” said Arif Halaby. “You are playing the game, you might as well know the rules.”

Total Financial Solutions prides itself in helping its clients design a higher income strategy, protect their principal and lock in their gains, all while securing reliable income for retirement.

For a free consultation, contact them by calling 888-99-RETIRE or by visiting their website www.TFSwealth.com.

Ed. Note: This article is a KHTS Community Spotlight based on the latest “Total Financial Solutions Safer Money Hour” radio show on KHTS AM-1220.

Total Financial Solutions offers assistance with preparing for retirement in Santa Clarita and the surrounding valleys. Santa Clarita financial professional Arif Halaby, a Certified Estate Planner, and Total Financial Solutions staff work with people of all ages, helping them protect, grow and preserve their assets through an individualized approach. As a well-known financial professional, Arif Halaby is also the host of “Total Financial Solutions Safer Money Hour” on KHTS AM-1220. Launched in 2004, the show offers listeners retirement planning tips and guidance for dealing with today’s ever-changing financial needs.  

Total Financial Solutions, Inc.

24322 Main Street

Newhall, CA 91321

661-753-9683

800-990-7344

Total Financial Solutions – Newhall

https://www.youtube.com/watch?v=XeayxA76goc

Arif Halaby, Total Financial Solutions, Financial Planning, Planning for Retirement, Retirement Planning

KHTS FM 98.1 & AM 1220 - Santa Clarita News - Santa Clarita Radio

Total Financial Solutions: Planning For Retirement

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