Retirement Planning

Starting the Planning Process Over Again: Marriage and Divorce

The marriage and divorce statistics make money issues between partners more complicated today than they have ever been before. Looking back in time, it used to be that most assets were jointly owned, there was often only one income for the family, divorce was rare, and estate planning by spouses generally consisted of simple wills that… Continue reading Starting the Planning Process Over Again: Marriage and Divorce

Nearing Retirement, Retirement Planning

Your Retirement “Transition” Plan in 5 Steps

Do any of the following describe you? You’ve worked at the same job with the same company for 25+ years. You aren’t ready to retire, but the job is getting old. Your work is draining, either because its mentally draining, physically draining or perhaps the commute is draining. You’re physically and mentally ready to retire,… Continue reading Your Retirement “Transition” Plan in 5 Steps

Nearing Retirement, Retirement Planning

Social Security Election Strategies: Have A Plan

Social Security remains a hot topic for my clients and one of confusion and concern. Unfortunately, there’s almost as much misinformation out there regarding Social Security as there is accurate information. Some of that is due to a couple key components to Social Security that were changed in 2015, due to the Bipartisan Budget Act.… Continue reading Social Security Election Strategies: Have A Plan

Nearing Retirement, Retirement Planning

Keep the Main Thing the Main Thing

Retirement planning can be simple, but it’s not easy, especially if you get too focused on all of the different variables at play. After going through each of the variables we discussed in this process, we believe you have now created a baseline plan. But that’s not where the work ends. How you feel today… Continue reading Keep the Main Thing the Main Thing

Nearing Retirement, Retirement Planning

How Should I Be Invested? Our Three Bucket Theory

The final step in our retirement process is determining an appropriate allocation and assumption on rate of return over time. We suggest a couple different approaches within this variable of your planning. First, shoot low on your assumptions. Psychologically, most of our clients become more conservative as they age. Simply put, once those paychecks stop,… Continue reading How Should I Be Invested? Our Three Bucket Theory