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Retirement Income Planning
We live in interesting times. Our country is in the midst of an unprecedented transfer of wealth, from the so called “greatest generation” as chronicled in the Tom Brokaw book, to the generation of the “baby boomers”. At this same time, baby boomers are starting to reach retirement age in record numbers. As these individuals approach this critical time in their lives, our charge as comprehensive financial planners is both to educate and to advise.
The retirement income planning process is focused upon delivering the desired amount of income from the retirement nest-egg while continuing to provide for growth of the assets. This result must be achieved through an integrated approach which considers all facets of the retirement plan: Social Security, Medicare, income taxes, long term care and other insurance, pension income, part time employment, projected inheritance, and an overall estate plan which might include charitable giving. Many of these topics represent unfamiliar ground, and therefore anxiety, for the individual contemplating retirement within the near future.
We provide a comprehensive review and analysis of our clients’ current financial situation, retirement timeline, and other relevant factors. The plan’s desired result is an income strategy that accommodates our clients’ lifestyle demands while providing the growth necessary to continue that lifestyle into the foreseeable future. We also help our clients enter retirement with updated testamentary documents and adequate life, health, and long term care insurance. |
