Retirement planning today has taken on many new dimensions that never had to be considered by earlier generations. For one, people are living longer. A person who turns 65 today could be expected to live as many as 20 years in retirement as compared to a retiree in 1950 who lived, on average, an additional 15 years. Longer life spans have created a number of new issues that need to be taken into consideration when planning for retirement.
Transitioning from earned income to investment portfolio can be a difficult psychological shift for some individuals. Therefore, we assist clients in determining appropriate income sources and whether their assets should be sold or reallocated.
Our financial modeling services can help clients determine the amount of inflation-adjusted income that will be necessary throughout their retirement. We also determine the optimal distributions from qualified retirement plans, such as 401(k), IRA or pension funds, coordinating income needs while maximizing tax efficiency.
We assist clients in making important pre-retirement decisions, such as IRA rollovers, lump sum vs. annuity elections and survivor pension options