Retirement planning
No matter where you are on your journey towards retirement, working with a retirement planning expert can be a key resource to feeling secure during your golden years.
Creating an income strategy that is customized to your specific needs
Did you know that people typically spend 20 to 30 years of their life retired? As life expectancy continues to increase, so do the number of years that Americans are spending in retirement. No matter where you are on your journey towards retirement, working with a retirement planning expert can be a key resource to feeling secure during your golden years. Saving for retirement and planning for healthcare costs can be a daunting task. However, with a sound strategy and retirement income planning it is well within reach. A happy and enjoyable retirement is different for every individual and there is no “one size fits all” approach to retirement planning. This is why we take the time and use our expertise to create strategies that are customized to our client’s specific goals.
It is never too late to start planning for your retirement
Overview & Resources
Getting started
Financial planning prior to retirement is focused on asset accumulation, tax minimization, and maintaining a budget that allows for maximum savings. Retirement financial planning, however, is focused on these different objectives: 1)maintaining an adequate income without salary or wages, 2)maximizing pension and social security, 3)having adequate health and long-term care protection, and 4)minimizing financial risk. You cannot know for sure if you have adequate resources until you do some number crunching, specifically income planning
What questions should you ask about your retirement?
Is my current income strategy enough to endure a 30+ year retirement?
Will my retirement impact my living expenses?
How can I identify and solve for potential retirement income gaps in my current strategy?
What withdrawal rate should I consider from my retirement assets given the current economic environment?
What is my COMRA score?
How can sequence of returns risk affect my overall income strategy?
How much will I need to save for retirement?
Just how long will my savings last?
How much retirement income will my current 401K or portfolio provide?