Retirement & Financial Planning

Retirement & Financial Planning 

Retirement Planning

What is your financial advisor worth when planning your retirement?

  • An advisor can help you stick to your financial plan: A professional financial advisor can help you stick to your long-term financial plans and can help you make wise decisions during market swings.
  • An advisor can provide guidance: Between financial planning, asset allocation, investment selection, systemic re-balancing of portfolios, and tax management, an advisor can provide guidance and experience.
  • An advisor can be a trusted resource:  The most effective financial advisors become their clients' go-to resource for difficult life challenges such as marriage, divorce, buying a new home, and preparing for retirement.

The best financial advisors:

1. Identify your needs and ensure that they have sufficient expertise to help.

2. Put your goals first.

3. Cut through the noise of the market and make financial planning simple.

4. Understand your personal circumstances.

5. Develop and carefully adjust a personal financial plan for you.

6. Care about challenges in your life.

7. Make expenses and fees easy to understand.

8. Customize the experience to each client.

9. Communicate with clarity and honesty.

10. Use technology to work more efficiently.

Planning for retirement is an important decision. Look for a financial advisor that fulfills these criteria.

Factors that can affect your retirement

Saving for retirement is much tougher than just putting some money away. There are so many costs that could come out of nowhere and eat through your savings. And there are other factors to consider as well.
  • Health: *The average stay in a nursing home is 2.5-3 years. What could that cost do to your retirement savings?
  • Increasing drug costs: Drug costs have been rising steadily for decades. In one year, they may rise by 12%. Plan for much tougher costs in the future. (source, Dec 30, 2016)
  • Social Security optimization: The benefit you receive from social security depends on your full retirement age, your spousal benefit, and the time at which you decide to start receiving social security. The spouse of someone enjoying full retirement may receive up to 50% of that benefit. And every year you delay taking retirement up to the age of 70 adds 8% to your benefit. Knowing your options and potential benefits can put you in a much better place for retirement.
*http://news.morningstar.com/articlenet/article.aspx?id=564139, Jan 29, 2018

Women Investors

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Nowadays, many women are handling financial planning. When it comes to the financial future of a household, women are behind the wheel more often than not.

Given this, we can provide financial services that are specifically geared towards women. This means:
  • We help you navigate the complexities of rolling over 401(k)s and planning after a life-changing event. 
  • We create financial strategies customized towards your end goals and tolerance for risk.
  • We provide a high level of communication and transparency in the process.
  • We look at financial planning from a long-term point of view.
  • We educate you about finances so that you can make informed decisions.
Have you considered the impact of becoming a widow?

Women tend to outlive men by a decade or more. If you were suddenly to be wholly responsible for your financial future and for the financial future of your family, what would that be like?

Take it from me, becoming a widow can be one of the toughest financial events to befall a woman, especially in situations where the woman has not been managing the household finances.

If your spouse is a business owner, then suddenly the financial complexities, debts, assets, and so forth of that business may fall to you. Are you prepared?

Few people are. That's why it's important to have some support.

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