Pre-Retirees & Retirees

Pre-Retirees & Retirees

Personalized Guidance to Help You Retire with Confidence

If you are like most people who are recently retired or planning to retire within the next few years, you are probably seeking answers to one or more of the following questions:

  • Do I have enough money saved to retire or do I need to keep working?
  • Will my retirement savings generate enough income to cover my expenses for the next 20–30 years?
  • How do I generate sufficient income without risking my nest egg?
  • How do I ensure that I have adequate resources to cover potential long-term care expenses?
  • How do I ensure my children, grandchildren, and favorite charities will get the support they need after I die?

Before we get into the nuts and bolts of financial planning, we start by getting to know you and what makes you tick. This includes your financial goals, your tolerance for risk, and any additional challenges you face. Armed with this information, we then sit down with you to develop a comprehensive financial plan that encompasses the following services

Personal Risk Assessment

We work with you to quantify your true tolerance for market volatility. Using a sophisticated tool called Riskalyze, we work to find the optimum balance of risk versus reward so that your assets continue to grow and generate income, but without taking on more risk than you can tolerate. We also examine other potential risks to your retirement. This includes determining whether you are prepared to cover the potential impact of long-term care health costs.

Retirement Income Needs Assessment

One of the most critical but often overlooked questions for retirees is, “How much income will you need to meet your monthly expenses?” We start by calculating your current expenses for housing, food, insurance, taxes, and other non-discretionary expenses. We then factor in the impact of inflation to project your future income needs. Next, we analyze your potential sources of retirement income, including Social Security, pensions, income from investment properties, inheritances, and your own retirement savings.

Retirement Income Planning

We examine your current savings, including investments held within a 401(k) or 403(b) account and any stock options you may own. Using MoneyGuidePro financial planning software, we run a series of simulations to determine the probability of meeting your income needs for as long as you (and if applicable) your spouse live. Our goal is to ensure your savings will generate the income you need to enjoy a worry-free retirement.

Portfolio Construction and Management

We typically invest in a mix of low-cost actively managed mutual funds and exchange traded funds (ETFs). Every portfolio we manage is based on each client’s unique risk tolerance and goals. Portfolios are rebalanced regularly in response to market events and changes in your personal financial situation.

Legacy Planning

Ensuring that your family members and favorite causes will get the support they need after you pass requires strategic planning. We work closely with you and your estate planning advisors to ensure your assets are distributed according to your wishes, while also minimizing your heirs’ exposure to estate taxes.