Retirement Planning

Retirement
Planning

Our financial life planning process will help you prepare for the time when you may want to retire. We will first help you to discover what you want your life to look like in your 60s, 70s, 80s, and beyond. Many of our clients enjoy working, while others want to pursue other ambitions and dreams. Whether it’s travel, volunteer work, consulting, part-time employment, or just relaxing, our discovery and planning process will help you to prepare for your future, and determine how to be ready for the time when you want to be financially independent.

Approaching Retirement

Before making your final decision about retirement, we will help you through the maze of important decisions you need to make a year or two before your retirement date. Decisions such as:

When should you take Social Security?
If your company offers a choice between a monthly pension or lump sum, which option would be most advantageous for you?
How much money will you need to fund your cash flow needs? What amount might you need to draw from your portfolio?
What is a safe withdrawal rate that will have the greatest probability of success?
What expenses will discontinue and what will be increased, such as travel or a second home?
What are your best medical coverage options?

These and other important issues will be explored in depth before you make a final decision about your retirement date.

During Retirement

You have spent much of your life accumulating assets and are now in your “third phase” of life when you want to reap the rewards from the discipline you have demonstrated over the years. Of course, you want to be assured that you will meet all of your future income needs and legacy goals. Among the questions you need answers to are:

How should your portfolio be invested and your resources best utilized?
What is the most efficient way to generate the income you need?
What is the best strategy for taking Social Security benefits?
What unusual expenses do you need to prepare for?
How much can be withdrawn from your portfolio that assures that your money will last?
Do you need to budget additional funds for travel, a second home, philanthropy, or other goals?

These and other issues will be addressed to help you enjoy this phase of your life and free yourself from worries about money.