After decades of work, you’ve made it to a well-deserved stretch of freedom called retirement. Now the question is how to make your money last through this new phase of life. As your financial guide, we’ll help you figure out a withdrawal strategy that fits your situation and helps you pursue meaningful goals. After all, you’ve got a lot of living to do.
Having newly transitioned to retirement, Hannah and Roy were excited to get started on big ticket items they had been putting off: home renovations as well as a long-awaited cruise, paid with money from their 401(k) accounts. In that first year of retirement, they ended up spending much more than they’d budgeted, including charitable donations they hadn’t planned for. We helped them get a handle on things by creating a spending policy statement. We also helped them maximize their philanthropy, using a donor advised fund to increase their charitable impact.
The hypothetical example above is for illustrative purposes and is not representative of any actual experience. Individual results will vary.
Your retirement might last three decades or more, so it’s crucial to take a long and fulfilling life into account when you create your financial plan. Our knowledgeable team can help guide you in exploring the possibilities.