Because people are living longer today, preserving wealth and maintaining a certain lifestyle are high priorities for many clients. We assist clients in planning the retirement they envision and desire. In retirement, we believe income planning is critical to making assets last as long as possible.1
Our advisors all agree: planning for retirement should start early. Time is a tremendous ally to investors planning a secure retirement.
When planning retirement, we recommend clients establish an annual retirement income goal of approximately 80% of a client’s income the year they retire. For example, earning $200,000 equates to needing approximately $160,000 annually during retirement. We assist clients in determining their actual income needs and developing an overall retirement plan which might include:
Our team also recommends diversification of retirement savings and works with clients to determine the allocation that is most appropriate for each individual.3
As clients near retirement, our advisors may coordinate with the clients’ other advisors including CPAs and attorneys to:
It’s finally time to enjoy the well-deserved, comfortable retirement that was planned. Our advisors help retirees stay on track by providing assistance in the following areas: