The Best Time to Take Action is Now
Retirement planning is most critical in the years leading up to retirement. Therefore, it makes sense to take action now and evaluate your financial plan’s state and future vision.
- What is the position of your assets?
- Since you put those building blocks in place, what has changed?
- Do new goals need to be considered?
A sound retirement plan should also consider the emotional impact this life stage can bring: changes in work routine, finances, and expendable time. For those who are married, do both partners have a shared vision for their future? We ask clients to consider what they want out of this life stage, whether travel or providing family support; having these conversations early in the planning process is essential so all parties can reach a unified agreement and shared goals.
Asset
Position
of your assets?
Change
Management
in place, what has changed?
Goal
Setting
to be considered?
Before retiring, it is important to reflect on where you stand with your current financial situation, consider any specific financial actions that need to be addressed, and reposition yourself for the changes and vision ahead.
Maximize
Benefits
your Social Security benefits?
401(k)
Strategies
best strategies for allowing them to grow while withdrawing
money and paying taxes on the funds?