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Retirement Planning

The Importance of Retirement Planning

Retirement planning is probably the most important thing you’ll do for your future. There are many factors to consider. For instance, you need to know when and how much in Social Security benefits you can receive. Also, you have to prepare for additional healthcare expenses during retirement, which can run high. Having a disability or a need for assisted living is a real possibility for retirees.

Our team of financial advisors can help you create a retirement plan that’s designed to meet those unique challenges. This includes timing your Social Security benefits to provide you with the maximum amount of earnings and using a multi-faceted approach to meeting your lifestyle and healthcare needs in retirement. We can also help you prepare to meet your healthcare needs using a multi-faceted approach that includes insurance, investments, and savings.

Client Centered

We meet with you to discuss current income, income expected at retirement, potential growth in investments, and address questions and concerns each individual client might have regarding this transition.

Additionally, we assist clients with the following:

  • Rollover 401k to IRA, which usually allows for greater flexibility and investment options
  • Analysis of the beneficiaries of your IRAs and how to establish an Inherited IRA
  • Recommendations to fund your income needs and help maintain a comfortable standard of living

How to Plan for a Prosperous Retirement

Planning for retirement isn’t the only financial goal you have, which makes it even more challenging to stay on track. Maybe you’re paying for higher education expenses and meeting other healthcare needs at the same time. Ideally, you want to work with a financial professional. Our financial advisors can help you create a retirement plan that allows you to be successful with your goals.

There are many options to protect you from unexpected costs in retirement, including long-term care insurance, adding riders on life insurance policies, or setting up fixed annuities to add additional income streams during retirement. Our team of financial advisors is dedicated to your success, and we will personalize an investment strategy for your situation.

What Does Your Retirement Look Like?

Everyone’s dreams of retirement are different. In this new chapter of your already fruitful life, you may look forward to a socially active lifestyle during retirement. This could include travel, volunteering, learning a new skill, taking up a new hobby, or starting a business. The key to a fun-filled retirement is access to a steady retirement income, for which you must save, invest, and plan before you retire. 

Our financial advisors can help you prepare for your retirement by creating a savings and investment strategy that helps you pursue your goals. This includes maximizing your Social Security benefits by waiting until age 70 to receive distributions. We’ll also devise an income distribution strategy to help you maximize your other income sources during retirement.

How We Work

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Work with Our Financial Advisors

People who work with financial advisors or professionals feel more secure in their financial future. This is no coincidence. With our combined 141 years of financial experience, we can create a retirement plan that works for your situation and your preferred lifestyle in retirement. Call us today to schedule an appointment with one of our retirement advisors.

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