In the modern world, retirement planning has become increasingly multifaceted. With extended life expectancies, a 65-year-old individual today can anticipate up to 20 years of retirement, a stark contrast to the average 15 years a retiree could expect in 1950. This significant change has introduced a host of new factors that demand thoughtful attention when planning for retirement.
Key considerations for retirement include:
- Identifying the optimal retirement age
- Determining the appropriate savings rate
- Estimating expenditure during retirement
- Ensuring the longevity of resources
To effectively evaluate your readiness for retirement, we conduct an in-depth review of your existing retirement assets. This includes individual retirement accounts (IRAs), 401(k)s, deferred compensation plans, pensions, and non-qualified accounts. By scrutinizing your cash flow, expenditure habits, potential tax implications, and anticipated inflation, we develop a comprehensive retirement plan tailored to answer these crucial questions and fulfill your financial objectives.
Our approach is dynamic and adaptive, designed to address these considerations within the context of your overall financial picture. We craft a unique financial roadmap for every client, with ample provision for adjustments as your goals and needs evolve over time.
