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Retirement Planning

Planning for your retirement is one of the most important things you can do for your financial future. Making yourself and your finances a priority now is the only way to ensure a comfortable lifestyle when the paychecks stop coming. Nobody else will do the hard work for you, and Social Security benefits are rarely enough to cover all the bills.

Retirement planning doesn’t end when you stop working, because now you need to have an income distribution plan. Our financial experts are here to help you along the way. Whether you work with us early in your career, as you near retirement, or once you’ve already retired, we help you develop and update a retirement plan designed to help make your retirement dreams a reality.

2 Phases of Retirement Planning

Most people only think about saving for retirement as the only retirement planning they need. But funding your 401(k) retirement plan is only the first step. Even though you’ll likely spend decades contributing to your retirement accounts, the second phase is just as important. During retirement, you need to plan your income distributions to ensure you don’t outlive your nest egg. With products like annuities, you can even receive a fixed income every month to make it easier to budget.

Pre-Retirement Planning

While you’re still working, we manage your 401(k) plan to help you improve returns while minimizing risk. We also manage your investments to help preserve your assets by reducing risk. To help you plan for your financial future, we create an income plan that provides you with predictable income throughout your retirement years.

Distribution Planning

If you’re transitioning into retirement or are already retired, we work closely with you to make effective decisions based on your current circumstances. We answer questions such as when to exercise stock options, when and from which accounts to draw income, and how to leverage your 401(k), 403(b) and other funds.

We’ll talk you through each option and every decision, taking the mystery out of the retirement planning process by helping you understand the pros and cons of every choice. And as your circumstances change over time, we’ll continue to adjust your plan as needed to help keep you on track toward your goals.

Frequently Asked Questions

Savings goals for retirement are unique to everyone. How much you need to save depends on when you plan to retire, how much your living expenses are, and what income streams you have coming in. We can help you figure out how much you still need to save for retirement by creating an income distribution plan. We can also manage your investments to minimize risks and maximize returns, helping you reach those retirement goals.

Most people receive income from multiple sources in retirement. This can include Social Security benefits, 401(k) or 403(b) distributions, IRA withdrawals, and income from other savings and investment accounts. We don’t advise withdrawing money from your retirement accounts whenever you need it. Instead, we will help you create a predictable income stream by creating a distribution plan to ensure you don’t outlive your nest egg.

You can retire as soon as your income covers your expenses for the long haul. This depends on several factors, including the size of your retirement savings, your current living expenses, and the estimated length of retirement. If you want to retire soon, talk to us about your distribution plan to make sure you’re financially ready for this step.

Many people can benefit from financial advice about their retirement. A financial advisor who specializes in retirement planning can help you sort through your options and ensure you’re on track to reach your goals. Retirement planners can help you manage your investments, minimizing risks and maximizing returns. We can also help you create an income distribution plan for your retirement years.

Let’s Prepare You for Retirement

Don’t wait any longer to prepare for retirement or streamline your retirement distribution. We’re here to help with both phases of retirement planning to ensure you can have the lifestyle you want. Contact us to schedule an appointment and prepare for retirement.

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