Retirement Planning

Crafting a sound retirement plan is pivotal in ensuring financial security. Once you’ve established your financial objectives, the next step in retirement planning is defining your investment time horizon, or how long your assets need to sustain you.

Most people think this time horizon aligns with life expectancy, but there are other considerations. If you’re married or in a long-term relationship, it’s important to factor in your partner’s time horizon, especially if they are younger or expected to have a longer lifespan.

You may want to pass on all or some of your wealth to future generations, which requires accounting for the time horizons of children or grandchildren. Every client’s retirement scenario is unique and requires a well-developed plan just for them and their family that may include:

Investment portfolio withdrawal strategies
Roth IRA conversion strategy
When to claim Social Security
Pension payment types
Transferring and/or consolidating investment accounts
Reallocating investment portfolios
Determining health insurance options
Establishing a cash flow plan
Amending insurance coverage
Updating estate documents and beneficiary forms
Changing income tax withholding elections
Charitable gifting strategies