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Planning Your Retirement

Are you ready to retire? 6 tasks you need to complete!

How different sources of retirement income are taxed.

When can I retire?

This is usually the most common questions we hear when a client meets with us for the first time. In most cases, you have worked over half your life and now you are planning for the longest vacation you will ever have. For some, the amount of time spent in retirement could be as long as your working years. One of the main considerations in planning for retirement is deciding what kind of lifestyle you envision. Key factors that go into your plan are how much you have saved in various retirement and investment accounts, what other income sources you will be receiving such as social security and pensions, and who will be counting on you for support. We will work together to uncover your comfort with investing while contemplating inflation and longevity in helping you create a sound plan.

What should I do with my retirement accounts?

Throughout your life you may have accumulated several different retirement and investment accounts through employer plans or accounts you opened on your own. It some cases, it may make sense for you to leave them where they are and in others you may want to roll it over to somewhere with different investment options or features. One  thing you can do is to meet with a Certified Financial Planner™ practitioner who will look at your overall financial picture and help you determine how move forward for you and your family.

How can I potentially enhance my retirement income?

When you get ready to retire you will discover your employer has many different options to choose from. Before filling out the paperwork on your own, meet with a Certified Financial Planner™ practitioner to discuss the pros and cons of the various choices. There are many strategies available in creating a lifetime of income for yourself besides what your employer offers.