Retirement Planning
PLAN NOW = Be Confident Later
Retirement may seem scary at times for many different reasons. At the same time “retirement” may look and feel different for everyone. The traditional form of retirement, waiting ‘til age 65 to enjoy life, is no longer the norm. What we have found is by having a better vision of what your retirement years look like the retirement planning for this period becomes easier. In our article the best way to plan for retirement, we share some simple strategies that you can take immediately to better your long term retirement plans.
Whether you're already retired, close to retirement, or just beginning your career, we believe that now is always a good time to be planning for retirement, because in retirement now is the most important time you have.
Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, retirement is right around the corner. Our experienced financial advisors work with you to mange the cares of today, while holding you accountable to plan for your long term future.
The key to successful retirement planning is understanding your current financial situation and projecting future needs to develop a plan to make sure it happens as you wish.
If you've already started saving for retirement, how do you know you're saving enough to live the comfortable lifestyle you deserve? Are your income expectations realistic? Are you sure you have your money in the right retirement plan for you?
OUR RETIREMENT PLANNING SERVICES
Tax rules regarding retirement plans are complex however. Each benefit plan has specific requirements as outlined by the IRS and not every plan can be used by everyone. For example, contributions limits vary by the type of plan, your income, and your age. Some plans may require withdrawals at a certain age, while others have no age limit. Some withdrawals are taxed at retirement, whereas others are tax free. You'll need to understand the tax implications of your retirement planning choices.
That's why it's best to use a financial advisor like us. When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience.
Our RETIREMENT
PLANNING Process
Evaluate your current financial situation, including assets and liabilities to achieve an overall value for your estate
Calculate the best way to withdraw funds from your 401K, IRA, Roth IRA, and other retirement plans, for example lump sum or installments over a certain period of years
Create a budget that meets your retirement goals
Review your individual Social Security account to determine when to begin taking your social security benefits
Figure out which retirement plan works best for you and your family, how much you need to contribute now to make sure you have enough money to live comfortably during your golden years
Determine whether you or your business qualifies for a tax credit for contributing to an IRA
We regularly monitor or adjust your plan as you life changes.
START PLANNING NOW
There's no time like the present to start planning your financial future. If you're ready to start planning for your retirement years call us first. We'll help you make your retirement year are just like you’ve dreamed.