Retirement Planning

Retirement Planning

Personalized strategies that reflect your goals, values, and lifestyle

The concept of “retirement planning” is a nebulous term that might mean different things to different people. As we see it, here’s what it includes:

Lifestyle Planning

How much have you thought about what you’ll do with all of your free time in retirement? Will you keep living in the same house or will you downsize? Or move to a new town or state? How much will you want to travel? How will you keep your social life active once you no longer have co-workers to talk to every day? These are all lifestyle questions that need to be answered in order to have a retirement plan that actually fits your needs.

Income Planning

Determining how much retirement income you’ll need to maintain the lifestyle that you want to have, figuring out how you’re going to generate that income, and establishing a plan to make sure that income keeps up with inflation over the years.

Tax Planning

Thinking proactively about how to best make the tax code work in your favor. This is different from tax preparation, which is simply getting your tax return filled out before April 15 every year. Tax planning involves looking at your tax liability for the rest of your life and enacting a strategy to make sure you don’t send Uncle Sam a nickel more than you have to over the years.

Healthcare planning

This isn’t just about understanding Medicare and picking the right Medicare supplement (although that’s certainly part of it). This also includes thinking about how you’ll pay for long term care down the road if you end up needing nursing home or assisted living care.

Legacy Planning

More than likely, you’re going to be leaving some assets to your kids, grandkids, or other beneficiaries. We help you plan how to pass those assets on in the most organized and tax-efficient way.