Retirement Planning

Retirement is a time in life that is often met with a high degree of anticipation along with some anxiety. Most of us look forward to setting our own schedule and spending time on our favorite hobbies. However, the biggest concern people have is having enough money for retirement. Creating a clear picture of finances will help to implement an effective retirement strategy.

We use a unique planning process called Planned Financial Management (“PFM”) to outline a path to retirement. PFM incorporates all the various phases and challenges in lifelong retirement planning and calibrates the personalized plan with the client’s current financial reality. Retirement planning has both an accumulation phase and a distribution period and it’s critical to properly plan for both.

In helping clients meet retirement income needs, we maximize the use of tax-favored programs. Unfortunately, every time the government passes a tax simplification bill, the world of retirement saving programs gets more complex and difficult to sort through.

PFM also takes into account personal risk tolerance. In assisting to make appropriate choices, we help weigh risk and return. Generally, the greater the potential reward, the greater the risk or volatility placed on investments. Using our asset allocation approach, investment diversity will be better matched to each investor's personality.

Once retirement day arrives, one should be comfortable with the method of receiving retirement plan distributions. We will assist in determining if distributions should be rolled over, taken in a lump sum or based on a life expectancy calculation. It is important to examine all options.

Many of our clients will spend a third of their lifetime retired. The sooner you take charge in developing a strategy, the more likely it will be to make the most of your retirement. Contact us to learn more about Planned Financial Management and our retirement planning process.