Clarifying Retirement
After years of hard work and saving, clients seek direction, clarity of thinking and a sense of confidence as they formalize a plan for the most important transition of their life. Clients want to know if they have enough money to retire and not outlive their assets. A planning engagement incorporates the following:
- Define life goals and purpose
- Identify and prioritize income needs
- Structure retirement income sources
- Optimal claiming of Social Security benefits
- Pension payout decisions
- Sustainable withdrawals from savings
- Employment options (if desired)
- Assess savings and investment strategies
- Present healthcare options
- Medicare & supplemental coverage
- Long-term care
- Evaluate tax implications
- Income tax planning
- Capital gains/losses & dividends
- Asset positioning – taxable vs tax-deferred
- Social Security & Medicare implications