Retirement Planning

The planning and accumulation for retirement is generally the most important goal which you will address in your personal financial planning. The biggest pitfalls to sound retirement planning are generally considered to be:

• Procrastination – Not saving for retirement soon enough
• Failing to commit sufficient resources to this goal
• Lack of education

Retirement planning begins with a thorough self-assessment to help determine your course of action. This assessment includes:

• When do you plan to retire?
• Cash flow needs and cash management
• What are your goals in retirement (new sail boat, second home, world travel)
• Sources of income that will be available for retirement
• Estimated tax bracket in retirement
• What is the amount of investment risk needed to meet your goals?
• If you are self employed, is there a better retirement plan to meet your goals?
• When will your debt be retired (home mortgage, credit card)?

We conduct a thorough, written financial plan that considers these important variables and use it as a baseline to monitor performance and adjust to changing circumstances, thereby improving the odds you will achieve your goals.