Envision a day when you can spend more time with your grandchildren

For some, seeing retirement means envisioning a day when they can spend more time with their grandchildren while still living comfortably in their golden years. For others, it may entail traveling the world and owning a beachfront second home. By and large, if you can envision your retirement, you can plan for it. Have you begun to consider retirement? Retirement can seem like a lifetime away for many of our new clients. While planning for retirement early on will help you achieve the retirement of your dreams, it is never too late to begin putting together a retirement financial plan. Whether you're 40 years from retirement or one year away, we work hard to remove the guesswork from retirement planning so you can retire sooner rather than later. Whether you own a small business or work for a large corporation, we have you covered. Our highly rated independent financial planners will collaborate with you to determine your specific retirement planning needs and develop personalized retirement planning solutions based on your circumstances and ambitions.

The Foundation of Good Retirement Planning

The most successful financial strategy is one that can make your ambitions a reality. Rather than focusing on what you can or cannot afford, a holistic approach to retirement planning should always ask “Where am I going?” and “What are my goals?” Once we know how you intend to retire, we may start looking at financial factors including future living expenses. We can create a more detailed roadmap by comparing your current living expenses to your anticipated living expenses.

When planning for retirement, it is critical to budget your future living expenses depending on your desired lifestyle. After all, only knowing your broad picture allows you to determine whether you will have enough saved for retirement. It also helps us calculate how much discretionary income you will need to save to meet your retirement goals. Discretionary income is the money left over after paying for necessities. After you've paid for your necessities, your discretionary income will enable you live the retirement lifestyle you've always wanted. However, saving for discretionary income is separate from saving for retirement taxes and fixed needs like housing, food, clothing, and health care. By considering your desired lifestyle, you may plan for any and all leisure time activities that you may like once you retire.

How our independent financial advisors and retirement planners help you plan

Making your retirement savings a reliable source of income might be difficult. Even with a budget and a plan for your retirement income, growing expenditures and unanticipated expenses can prevent you from retiring on time. When estimating your retirement income, we first look at your employer-sponsored programs. We can better understand your outside investing accounts by first understanding your workplace benefits. We can evaluate the best method to combine your personal and professional assets to give you with a retirement income by looking at all of your retirement accounts and other investment accounts.

We are continuously looking for a retirement solution for an income gap. This gap often appears between when our clients stop working and when they expect to get social security. Sometimes it's just a matter of balancing your fixed income (like social security) with what you'll need to live comfortably in retirement. Longevity and growing healthcare expenditures can worsen an already considerable income difference. But many of our forecasts rely on knowing your net worth (the total amount of your assets minus any liabilities). This helps us figure out how much money you have against how much you'll need when retirement comes knocking. Making your personal budget and calculating your net worth will help you determine if you will have enough money saved to retire on time.

Overall, we aim to better understand your goals and lifestyle preferences. We evaluate your current financial situation to your future costs of living, which include both discretionary and non-discretionary expenses, adjusted for inflation. Knowing who you are and what retirement will look like for you helps us to finally strategize what changes we can make today to help you achieve your retirement goals.