Whether you’re in the throes of your career, acclimating to an empty nest, or nearing that lifelong goal of retirement, it’s crucial that retirement planning is on the forefront of your mind.
At Financial Freedom, we believe it’s never too early to begin retirement planning. Based on your unique situation, we provide practical advice to help make your financial dreams a reality. We know that retirement planning is all about answering two critical questions:
- Do I have sufficient assets so that I won’t run out of money before I die?
- Will I be able to achieve my retirement (and life) goals and objectives based on the assets and income I have available during retirement?
Our Fee Only Retirement Planning Process
Our fee only retirement planning process and analysis allows our team of financial planners to dig into your unique situation. You worked hard to get here and it’s our job to understand the nuances of your retirement planning objectives. After gaining an in-depth understanding of your needs, we develop retirement planning projections that include necessary annual savings, inflation, income taxes, desired spending in retirement, health care concerns, retirement timeline, special retirement goals (i.e. gifting, travel, inheritance), and sources and strategies for retirement income (social security, pensions, use of the portfolio, etc). A critical component of a comprehensive retirement planning strategy includes focus on retirement income planning and retirement tax planning strategies.
Retirement Planning At Every Stage
Perhaps you’ve been saving money for retirement since landing your first big job, or maybe you didn’t even think about retirement until your 50s. Either way, the financial planners at Financial Freedom are equipped to help guide your way. We work with clients in three phases of fee only retirement planning: