Retirement Planning
Retirement Income Planning, Pension and 401(k) Plans
As a subset of our comprehensive financial planning services, the timeline for this service can be of utmost importance if you're one of millions of Americans who are approaching retirement, yet don't have a substantial or even an adequate retirement nest egg. In this case, it is essential that you begin immediately to make provisions to ensure financial protection throughout your retirement period. For those individuals seeking to retire early in life, or postponing their retirement beyond the average retirement age, we’ll help you to plan your time and investment most effectively and wisely. We’ll also help to get you on the right path to reaching the amount you'll need to make up the difference between Social Security, pensions, and any other retirement funds you already have so as to best accomplish your retirement goals.
We’ll walk you through the maze of retirement investment accounts, such as IRAs, 401(k)s, traditional pension funds and the various types of annuities, along with their pros and cons. We’ll discuss which assets are most suitable for your projected lifestyle and the best ways to manage your money during your retirement. When to begin withdrawing, which accounts to withdraw from first, and how much you should withdraw so that you don’t run the risk of outliving your money. We’ll discuss the unpredictability of your health and that of your loved ones and the investment options available to hedge against such uncertainties. We’ll review the typical tendencies of retirement spending patterns, due to increased leisure time, etc. We’ll help you determine how to cut spending to maximize your cash flow allowance and to create a greater level of balance to improve your financial health. We’ll help determine whether your home can be a source of equity, or if downsizing is an option. In general, we’ll help you to establish peace of mind.
For those individuals seeking to retire early in life, or postponing their retirement beyond the average retirement age, we’ll help you to plan your time and investment most effectively and wisely.