If you’re within five years of retirement, you’ve already taken an important step by defining a time frame in which you’ll retire. Still, you might be unsure about when you can make the leap and whether you’ll be all right when the time comes. Moreover, you might be concerned about what your retirement will look like.
You may have questions such as:
How much income will I need each month?
Where will that money come from?
How does Social Security income factor into my retirement?
Will I be able to retire at the same time as my spouse or partner?
We want to travel. What is a reasonable budget?
Should I be saving more or paying down my debts?
What do I do about health insurance before Medicare starts?
How much of my health care costs will Medicare cover?
Is now the time to consider long-term-care insurance?
We just had our first grandchild. Should we start a college fund?
We don’t have a will. What do we need to know, what should we do?
Where will we live? Near our kids, a new business opportunity, a better climate?
What happens if we have a recession just before we retire?
How can I make my money last for an undetermined number of years in retirement?
These questions are likely a bit more specific than what you may have considered in the past, considering that retirement is now in your near-term future. Our fee-only advisory firm can work with you to answer these questions and create a financial plan for your remaining working years to help you live comfortably both now and in retirement.
We’ll provide fiduciary financial planning throughout your countdown to retirement, building strategies that coordinate all the areas of your finances. We’ll take a look at your current situation and retirement goals to help make sure you’re on course for the retirement you envision.
Then we’ll work with you to set up a cash flow plan for retirement so you can understand your monthly income and expenses in advance. And we’ll do a test run of that plan before you retire so we can make any necessary tweaks before you start your new life chapter. As part of your plan, we’ll assess your investment portfolio, making any necessary changes to reflect your changing risk and return needs.
Schedule a 15-Minute Discovery Call
As a fee-only RIA that prides ourselves on upholding our fiduciary obligation, we want to help you make the decisions that best serve you and your family, not us. We focus on working with only those clients we know we can help, so we like to start with a complimentary, 15-minute call to discover how we can serve you. We’ll discuss your situation and explore whether we’re a good fit for each other.
