We choose to view retirement as the best and most rewarding phase of life where we get to spend our time pursuing the things that we are most passionate about. We should get to do this free from the financial anxieties and expectations that are all too common throughout our traditional “work-life”. Achieving this peace of mind though takes thoughtful planning before, transitioning into and perhaps even most importantly, throughout your retirement.
We help our clients to develop a retirement savings and funding plan that makes sense to them and serves their best interest, both now and into the future. This often means taking full benefit of tax advantaged savings vehicles such as qualified retirement plans (ie, 401k), IRAs, Roth-IRAs as well as less traditional options like Roth-401(k)s and supplemental retirement accounts. We’ll work with you to answer questions like:
– How much do I need to retire and how does that translate into monthly, quarterly, annually savings?
– How do I best take advantage of the different saving options available to me?
– What impact do any changes to my saving and investing have on my ability to retire?
– Should I rollover my 401(k) or convert my traditional IRA to a Roth IRA? What impact does this have?
– I have a pension, do I annuitize it or take the lump sum payout option?
– How much will I need to withdraw, and from which accounts, to meet my living expense needs in retirement?
– When does it make the most sense to claim my Social Security benefit?
Planning for retirement also requires saving and investing intelligently. We want our clients to have optimal tax efficiency throughout retirement. This means having income diversity and the flexibility to withdraw from multiple tax efficient sources. Proper “retirement income planning” can serve to prolong the availability of your investment assets while also helping to fulfill other objectives like legacy planning, gifting, and charitable giving. We will work with you to develop a plan that addresses these post-retirement considerations as well.