PLANNING TO RETIRE

Planning to Retire

Many of our clients come to us with similar circumstances and concerns. To help you understand how we work together with our clients, we’ve put together sample client profiles. These profiles aren’t all inclusive and any advice would be tailored specifically to each client’s situation.

hope to retire

HOPING TO RETIRE

SMALL BUSINESS OWNER

PEAK EARNING YEARS

Hoping to Retire

GOALS

Hopes to retire within 5 years, needs to put an action plan in place detailing the steps one needs to take to retire.

CONCERNS
  • Will I have enough saved and how will my expenses change when I retire?
  • How can I take an income from my investments and should my portfolio change as I near retirement?
  • Should I start taking social security or my pension immediately?
  • Should I pay off all debt before retiring?
  • Should I rollover my work retirement plan to an IRA?
STRATEGIES
  • Investment ANALYSIS to propose a strategic plan to prepare portfolio for transition to retirement.
  • PREPARE retirement plan detailing: expenses, cash flows, what-if scenarios and net worth projections.
  • DISTRIBUTION plan showing where to fund income replacement from while seeking to maximize longevity of assets with consideration of tax liability.
  • RECOMMEND actions to be taken to make final preparations for retirement.
  • REVIEW of options on retirement accounts at employer upon retirement.

Small Business Owner

GOALS

A small business owner nearing retirement needs to create a plan showing how the value of their business and investments can provide an income replacement in retirement.

CONCERNS
  • How can I reduce the financial concentration risk of owning a business?
  • How can I provide for myself in retirement with my business being my largest asset? How to turn business into income in retirement?
  • How can an advisor help me if most of my assets are tied to my business?
  • What’s the best way to leverage my business to provide for me in retirement?
  • How can my investment portfolio compliment my business?
  • What steps should I take to build wealth outside of my business?
STRATEGIES
  • RECOMMEND a strategy that strives to build additional wealth not tied up in the business.
  • SHOW how to balance the unique risk as a small business owner with a proper investment strategy.
  • REVIEW social security strategies to help maximize the value it provides in retirement.
  • REVIEW different business liquidation strategies to show the impact on cash flow needs in retirement.
  • Facilitating DISCUSSIONS on succession planning and the corresponding financial impact on the household.

Peak Earning Years

GOALS

Take advantage of current income to create financial flexibility so they can retire how they want.

CONCERNS
  • Should I be saving outside of my retirement plan at work?
  • How can I reduce taxes while saving more?
  • Should I save in a Roth IRA?
  • How can I maximize my investment portfolio without taking excessive risk?
STRATEGIES
  • CREATE financial plan detailing where and how much I should save.
  • PROVIDE what-if scenario analysis to show retirement possibilities.
  • RECOMMEND adjustments to investments in striving to take advantage of investment opportunities and reduce unnecessary risk.

SCHEDULE A CONSULTATION

We begin everything with a conversation – complimentary, casual, and pressure-free. Our goal is simply to get to know you and your ideas, and then determine whether we’re a good fit to help you work toward them.

Thinking about retirement?

  • Understand your retirement readiness with our free RETIREMENT PLANNING CHECKLIST.
  • RETIREMENT IS...