There are many facets to retirement planning.
We hear from a young age how important it is to save as much as we can starting as early as we can. The goal is to invest those funds for the long-term so that we will amass a level of resources adequate to sustain a comfortable and happy retirement. But how much is enough? And where should those assets be saved? And how should those assets be invested? If these questions are addressed well before retirement is on the horizon, the odds of being well-positioned for retirement are much higher.
Transitioning from the “working phase” of your life where you are saving money to the “retired phase” of your life where are you are spending money is a complicated process on many levels.
There are the emotional challenges of figuring out how you are going to spend your time; the routine that you have known for so long is now gone and you need to figure out a new normal. While the idea of total freedom to do what you want, when you want sounds quite appealing, once the novelty wears off, it can evoke a myriad of emotions. And then there is the financial aspect – you have amassed resources over your lifetime – both income and assets – and now you must rely on these funds to support you for the rest of your life.
You want to optimize these resources and there are many decisions you need to address: how and when to collect social security benefits, which accounts should be tapped to meet income needs, how can taxes be minimized, how do you go about building a growth-oriented investment portfolio without taking on more risk than you can emotionally or financially handle, what level of withdrawals can your portfolio support? And to further complicate matters, how do you prepare for the inevitable unknowns that always seem to present themselves? It is a delicate balance between living for today and having enough for tomorrow.
Do You Need a Financial Planner to have a Successful Retirement?
Whether you are planning for your upcoming retirement or you are already retired, our goal is to help you navigate the entire retirement landscape from start to finish. As your advisor, we help you address the myriad of emotional and financial issues that you face. We develop comprehensive, customized flexible plans that reflect your needs and concerns and we help you implement them.
Our overriding goal is to provide you with peace of mind so that you can truly enjoy the retirement you worked so hard for.