Retirement Planning
Create a Retirement Plan
When we create your retirement plan, we start with your goals. How do you envision retirement? Do you want to travel the world, switch between your winter or summer home, or live quietly at home? Maybe you want to retire early, even if it means living on less.
Once we know what your goals are, we go through your current income and expenses. We’ll look at your existing retirement accounts, too, before making any recommendations. Then we’ll tailor your retirement plan to fit your current and future lifestyle. We’ll also think about the tax implications of your retirement distribution to maximize your net income now and during retirement.
Manage Your Retirement Distributions
Retirement planning doesn’t end with your last day at work. Even after you build your retirement savings, you have to manage the distributions. It’s not a good idea to make random withdrawals from your retirement account. Instead, you want to be strategic. There are different ways to manage your retirement distributions to provide a regular income while allowing the remaining assets to grow.
For example, the bucket strategy separates your retirement investments into different buckets based on the timeline for distributions. Another option is to use annuities to receive a fixed income every month, just like a regular paycheck. We can help you find the best retirement income distribution strategy.
How Our Retirement Planners Can Help
Creating a retirement plan that provides an income for you when you’re no longer working isn’t something you want to do yourself. With your financial future, you want informed guidance. It’s not enough to put money into a retirement account and hope it will provide for you. For the best results, it’s important to manage your investments to make sure they’re on track to meet your goals.
Retirement planning is also not complete without thinking about taxes. You can save money by investing for retirement if you plan accordingly. You can also choose to use Roth retirement accounts to receive tax-free distributions during retirement. Our retirement planners can help you devise the tax strategy that offers the biggest financial benefit.