While every client has their own retirement dreams, there are many questions that need to be answered. Some may choose to never retire, and others may want to retire early. Whatever you desire we will focus on making your vision a reality.
Some of the important issues we will discuss and analyze include what does your ideal retirement look like? How much will you need in retirement? Are you spending too much now? How can we adjust your cash flow if you’re not saving enough to reach your goal? Are we investing in the right places? Could you run out of money in retirement and how can we protect your assets?
For our clients, retirement planning doesn’t start at retirement. We recommend that you start planning much before so that we can take a long-term view of your financial wellbeing.
Here’s what we do for you as part of our Retirement Planning service:
Your personalized retirement planning strategy: Everything we do for you centers around four pillars - Helping you plan to achieve your financial goals prior to retirement; Planning to ensure you have sufficient income during retirement; Putting plans in place to safeguard you and your assets against potential catastrophes; Planning for your legacy.
Clarifying your goals: Through an intensely personalized approach and focused conversations, we aim to understand what your retirement goals are.
Analyzing where you are currently: To plan a meaningful retirement, you need to know where you currently stand. We’ll help you build an in-depth financial inventory to use as part of our retirement planning process.
Developing the plan: Keeping in mind the questions outlined above and others that may arise, we work with you to create a retirement plan that addresses all aspects for a comfortable retirement. Our objective is to not only understand what you’ll need (income) to fund your retirement lifestyle. We also analyze what your investments will generate, develop a Social Security and Pension (if available) strategy, determine your health insurance needs, address long-term care options; and how to bridge any shortfall.
Implementing the plan: Planning is only part of the process. Once we have created the plan, implementing the plan recommendations on a timely basis as necessary is key. As you move closer to retirement, we’ll work closely with you to ensure any needed adjustments are made in a phased and orderly manner. The goal of our Retirement Planning approach is to make transitioning into retirement as seamless and stress-free as possible.
Ongoing reviews: We’ll continue to monitor and review your retirement goals and will consult with you frequently about any changes or updates needed to address your evolving needs.