Retirement Planning

At its core, retirement planning seeks to answer the question, am I going to be ok?

Retirement is a period of significant transition. There are questions of replacing lost sources of income, adapting to new lifestyles, and maintaining one's outlook and purpose. We offer to provide clients with an in-depth look at what retirement will look like, year by year. We can show you how you may be able to maintain your lifestyle, drilling down into the cash flows that you can expect to receive as you enter different phases of retirement. 

Phase 1: Early Years

With the Full Retirement Age for social security benefits soon to reach 67, many need to bridge the gap between retirement and retirement income.

Delaying Social Security can be a valuable long-term decision for some, however making up the income missed takes planning.

An orderly sequence of withdrawals can make these gap years more tolerable and serve as the basis for a viable plan to span your retirement. 

Investment accounts can be structured to use income-producing investments to create an efficient replacement for your paycheck, making the transition to retirement seamless.
These investments generally contain risks, including loss of principal, which should be considered before investing. 

Phase 2: Draw Down

At age 70, Social Security income can no longer be delayed.

At age 72, required minimum distributions for most retirement accounts will also create additional income.

With these income sources activated, many retirees may feel more comfortable in the longevity of their retirement.

Opportunities for charitable giving, or legacy planning often arise during this period.

We can review the options available and structure a path forward for achieving your goals.

Phase 3: Transfer of Wealth and Values

 We offer to help facilitate communication with your family about your values as they relate to wealth.

We can help you develop a family mission statement to ensure that your values continue for generations to come.

While sometimes painful, this process can help prepare a family, or a surviving spouse, for every eventuality.