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Will I Have Enough To Retire? Thumbnail

Will I Have Enough To Retire?

"Will I have enough to retire?"

This is the most common question we hear from new clients, and we've developed a in-depth retirement review to walk you through the process of retirement planning. We want to make sure that you don't miss anything before heading into retirement. You need to have a rock solid plan so you know exactly what you need to do, and when you need to do it.

In order to analyze your retirement savings and come up with a plan to make sure you don't run out of money in retirement, we look at a number of different factors. First, we'll want to take a look at your current financial situation - where you are on the retirement readiness timeline.

How Close are You to Retirement Readiness?

  • What are your current assets and investments?
  • Do you have a will or estate plan?
  • Do you own a home or rental property?
  • What are your main goals for retirement?

Get A copy of our booklet "Six Conversations every couple should have before retiring"

For couples who are already starting to think about retirement, this is a good overview of how to discuss and manage the challenges you will face when retiring. Don't go into retirement without a plan!

There are a lot of different factors that go into retirement planning, but our job is to make this complicated stuff easy for you. After all, you don’t need to be an expert; you just need to hire an expert.

How Our Retirement Readiness Reviews Work

When you come in for our meeting, we will ask you to bring in some things for us to look over:

  • Bank statements
  • Investment account statements
  • Last year’s tax return
  • Any other documents you think are important

Before our meeting, we will look at all of the information you’ve given us and run an analysis of your assets and financial goals.

During our meeting, we will analyze your current financial situation, discuss our recommendations, and answer any questions you might have about retirement. Every situation is different, but here are some common questions we run through with pre-retirees: 

Financial Goals
  • What do I really NEED in retirement? What do I WANT?
  • How do I want to spend my days when I retire?
Tax Strategy
  • Do I have to pay taxes on Social Security? On IRA distributions?
  • Will I have to pay any penalties to get my money out early?
  • How can I pay the least amount in taxes during retirement?
Investment Review
  • Am I paying too much in fees?
  • Am I invested appropriately for retirement?
Retirement Timing
  • Should I work part-time for a few more years?
  • Will I be able to start my own business?
  • Can I retire early?
Social Security
  • When should I start taking Social Security, and how much will I get?
  • What are spousal benefits and how does that work?
  • How much more will I get if I delay taking Social Security benefits until 70? 
Cashflow and Budgeting
  • Will I run out of money at my spending rate?
  • How much will I need to downsize, if any?
Health Care Costs
  • Can I retire pre-Medicare?
  • What insurance do I need? How do I choose which Medicare options are right for me?
Managing the "Bridge Years"
  • What the heck is a Required Minimum Distribution and do I have to take it?
  • How do I get my money out of my IRA?
Family Needs
  • Does it matter when my spouse retires?
  • How do I make sure my children are taken care of when I retire?
Charitable Giving
  • What’s the best way to give to the charities I support?
Estate Planning
  • How do I manage my estate to leave the most to my heirs?
  • How do gift taxes work?

Planning for retirement is one of the most important and complex financial decisions you will ever face.  Let us take some of the stress out of the process and help you navigate these questions. We know the pitfalls to avoid and the strategies to make the right choices, and we can give you experienced, impartial advice for a flat fee

After our meeting, you'll be armed with a retirement action plan. We'll help you through every step of the process to make sure you are making the right decisions, and if you ever have any questions, we'll be there to pick up the phone. Our job is to make sure you have everything you need to live the life you want. Your job is to live it. 

Want to find out if you're ready to retire?