Ideally, proactive retirement planning should begin early in life and serve as a fundamental “blueprint” toward one’s life-long financial security. Unfortunately, we see too many individuals who start saving too late and missing out of some of the exponential benefits of the “time value of money” that can multiply savings in the future.
Our focus is to help our clients understand if and when they can comfortably retire in the lifestyle they choose; how and how much to save; how to structure their portfolios at different periods of their lives; how to avoid outliving their resources; how to minimize taxes; how to optimize social security and pension accounts; optimal and tax efficient withdrawal strategies, and assuring they are protected in the event of unanticipated risks or health crises.
We look at a variety of potential “scenarios” that reflect both optimistic and pessimistic inputs, and we provide our clients with detailed projections of their current and future resources and cash flow requirements under these varying assumptions so they are more informed about the impact of the choices they make. The end result is focused on how they can manage their finances to attain not only their retirement goals, but other objectives that may precede retirement such as buying a second home, paying for college, or taking special vacations.