WHAT DOES RETIREMENT MEAN TO YOU?

The choice is yours. Whether it’s travel, an encore career, or simply spending more time with your family, this is the question we’ll work with you to answer. It may be a welcome break after years of hard work, or a big question mark if your identity has been tied to your professional life for so long. If you’re ready to explore your options — congratulations! A carefully curated plan will help you clarify the range of emotions you’re experiencing to move forward strategically, comfortably, and with greater ease. It’s also never too early to prepare for how you’ll spend the years and decades, following your career. Our personalized, fee-only guidance can help you enter your encore years confident in your ability to be financially independent.

YOUR GREATEST ADVENTURE AWAITS YOU

Plan for future cash flow and determine the most tax-efficient withdrawal strategy in retirement to meet your future spending needs.
Position your investments, 401(k) contributions, and income to support your vision for retirement before you depart from your company.
Explore tax-efficient strategies and income options so that you can enjoy a lifestyle comparable to the one you’ve grown accustomed to.
Implement actionable and realistic methods to secure a comfortable future for you, your family, and the generations that will follow.
Establish additional tax-savings vessels to protect the assets you’ve worked so hard to accumulate and grow.
In tandem with your professional team, draft estate and succession plans that organize the stewardship of your assets and protect your family’s legacy.

LAUNCH A SUCCESSFUL SECOND ACT

As your long-term financial partner, it’s our job to see that you’re appropriately equipped for every next step of your journey — before, during, and after your career transition. Contact us to meet with one of our advisors today.

Frequently Asked Questions

How much do I really need to retire comfortably?

Unique to everyone, how much you will need to retire and in retirement is dependent on your total expenses, desired lifestyle, estimated longevity, healthcare, and more. With this information, you can develop a retirement income target to help manage cash flow and achieve your objectives.

When should I claim Social Security benefits?

The answer to this question will not be the same for everyone. If you take Social Security early, you will receive a reduced benefit, while you will receive 100% of your benefit when you reach full retirement age. If you delay claiming your benefits until age 70, you could increase your lifetime payment, which should be considered in addition to your cash flow needs, tax strategy, and survivor benefits.

How do I create sustainable retirement income?

Many retirees have multiple income retirement streams, such as 401(k)s, Social Security, and IRAs. Creating a sustainable, tax-efficient withdrawal plan — timing when to draw from where, and how much — can help prolong your savings and hedge against longevity risk through retirement.

What's the best strategy for drawing down my retirement accounts?

A common withdrawal approach, though not optimal for everyone, is to draw from taxable accounts first, then tax-deferred accounts, and finally tax-free accounts, so tax-advantaged accounts can continue compounding. However, a combination of solutions may better fit your situation, depending on your tax situation, required minimum distributions (RMDs), and cash flow needs throughout retirement.

Should I pay off my mortgage before retiring?

Whether you should pay off your mortgage before retiring depends on your cash flow needs, tax strategy, and mortgage interest rate versus other investment returns. Paying off your mortgage could provide financial peace of mind and reduce your monthly expenses but it may require a large lump sum, reducing your liquidity, while maintaining some liquidity if your payment is low could be strategic as well.

How should my portfolio shift as I near retirement?

Clients approaching retirement often shift to preserving assets, which may mean reducing risk and making other adjustments based on their time horizon, risk tolerance, and income needs. This may include reducing exposure to higher-risk assets, such as stocks, and shifting to bonds or cash, which helps reduce volatility near your retirement date and provides more stability to meet short-term essentials.