Retirement Planning

Life is full of milestones, and one of the most critical of those events is retirement. Most endure a lifetime of hard work, sacrifice and planning to prepare for this inevitable opportunity to live life on their own terms. Still, with fluctuations in the stock market, changes in the economy and the ever changing landscape of legislation the importance of having a balanced and diverse approach to preparing for and living in retirement is critical.

The challenge is there is not one solution to a secure retirement, there are a multitude of options that could result in various scenarios of success. Today, your retirement goals and aspirations matter more than ever, because without a clear and decisive plan of action it will be difficult to achieve the results you seek. Supplemental sources of income in retirement such as social security and other government programs remain fluid in their application.

We specialize in assisting individuals and families as they work to alleviate the noise and confusion that retirement planning can create. Unfortunately simply contributing to your 401(k) alone is no longer enough. Pensions have become a thing of the past, and a determination of who besides yourself you plan to support during your retirement is critical.

The strategies and tactics available to you are vast, but with our time-tested planning process to support the creation and development of your retirement income plan the solution for your situation will be clear.

Our services in this area include, but are not limited to:

  • Establishment of Retirement Requirements (Age, Location, Lifestyle, Recreation, Dependents)
  • Comprehensive Funding Needs Calculation
  • Current accumulated retirement resources
  • Time weighted analysis of resource value
  • Retirement Gap Analysis
  • Opportunities Analysis to meeting funding needs
  • Give and Take Appropriations - What do you have to have, and what would you be willing to give up
  • Retirement Plan of action

It’s never too late. Begin preparing and saving for your retirement today! Find all the information you need to get started right here.

One of the most important things you can do is to plan for your retirement. There was once a time when employers provided pension plans to loyal employees that spent their working lives dedicated to the company. 

Over the past three decades there has been a complete reversal of retirement funding responsibility from employers to employees. The days of being provided a monthly retirement income, solely funded by an employer, for the most part, are gone. In addition, employees are more mobile and are far less likely to have long-term careers with the same employer. 

It is essential that everyone pull together as many resources as possible in order to create a fund that will provide them with income at their desired date of retirement. Among some of the financial resources that you can potentially rely on are; social security, veterans benefits, personal contributions to an employer's retirement plan (such as a 401K Plan), and your own personal savings. There are of course several others. 

In order to make an educated guess as to whether you'll have adequate income to live a comfortable life at retirement you'll need to know what your approximate expenses will be. Then you will need to have a conservative, yet somewhat predictable, idea of what you will receive for income. Some individuals may chose, or be required, to work part time, in even a lesser paying job to supplement their income. If your guesstimated expenses exceed your guesstimated income you have an income shortfall. 

The best way to close a future income shortfall is by proper retirement planning today. Lower expenses wherever possible and increase the amount dedicated to long-term savings and investments.

Most people look for guidance and advice when developing their retirement planning strategy. A knowledgeable and experienced financial advisor has been through the exercise many times and can be invaluable in helping people to get on the right track. Staying on the right track will take discipline and dedication but as your retirement plan begins to take shape you'll be inspired to continue.

Build and Preserve Your Future