Golden Years

Enjoying Retirement

Even when approaching or entering retirement, financial planning for the future will still be required. This is the time to distribute and preserve the wealth you accumulated throughout your working years. Many questions arise when considering how to ensure that assets last for the long-haul.

What income stream can I maintain without endangering my financial security? How can I minimize my tax obligations? How do I best utilize my current assets? How will I manage the disposition of that business I started? Does my will protect my children and grandchildren from excessive taxes? What if I need long-term health care – how will we pay for that?

Whether “retirement” to you means truly stopping work or pursuing a second career in something you love, financial planning at this stage is just as important, if not more, than earlier in life. At this point, we work together to ensure that your wealth can support you throughout your years and that estate plans represent your wishes for your assets and your loved ones.

Key Areas of Focus:

  • Investments: Review savings and identify the most appropriate investment vehicles considering time horizon, creating a retirement paycheck, and required minimum distributions. Additionally, review diversification and allocation of investments.
  • Tax Planning: Review tax position and implement strategies to reduce tax burden considering new and changing tax law. Analyze the current and future tax implications of your investments.
  • Risk Management: Review protection needs, evaluate existing policies, and determine solutions to provide for your needs in the event of a long-term care situation or for your family in the event of death.
  • Estate Planning: Review estate plans, including both financial and legal components to ensure they reflect your wishes and remain appropriate considering the current tax law. Review beneficiaries.