Retirement Planning

Retirement Planning

The concept of retirement is undergoing a metamorphosis. Demographics, societal, and workplace trends have all converged to offer a stage of life at midlife and beyond that is much more fluid and flexible than what most of us could have imagined. No longer is retirement equated with not working, leisure, and being old. Retirement has become a matter of personal definition.

Our planning process encourages you to think about this new phase in your life, by posing various questions for your consideration –

  • Where do you want to live? 
  • Would you like to help your family, either financially or by spending more time with children and grandchildren? 
  • What activities do you wish to engage in - both paid and volunteer? 
  • When do you want to partially or fully retire?

Once you have an idea of what your future life might look like, we explore the financial implications of the various scenarios with you. We identify your assets and sources of income, as well as your expenses and reserves needed to manage potential risks.

One of the greatest challenges in retirement is figuring out how to convert a pile of savings accumulated over a lifetime into a monthly stream of income that you can't outlive. We help you answer the following questions:

  • When should you take your Social Security to optimize benefits?
  • Which tax vehicles should you withdraw money from first — a Roth IRA, a 401(k) or a taxable account? Should you think about a ROTH Conversion?
  • How should you finance your health care and long-term care?
  • Where should you live? (And how will you pay for it?)
  • Should you annuitize a portion of your assets or take systematic withdrawals from an investment portfolio?

Our goal is to be your planning partner for life. You can count on us to be your sounding board as you consider tough decisions, to be a resource for information, and to provide support for your family when you cannot be there for them.

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