Nearing Retirement

What You Need to Know About Pension Election

Lots of baby boomers are hitting retirement age. And with retirement come some pretty big irrevocable decisions. One of which may be how to elect a pension. Not everyone has a pension. In fact, fewer and fewer people do as fewer and fewer companies offer them. But if you do have a pension and have… Continue reading What You Need to Know About Pension Election

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

Nearing Retirement, Retirement Planning

Making the Savings Trade-Offs and Determining “Where” to Save

After you have identified your time horizon for retirement, your needs and resources and thus your lump sum savings target, it’s time to come back to the present and use that information to assess your savings. What are you setting aside out of your paycheck? What is accumulating in your bank account? What’s being set… Continue reading Making the Savings Trade-Offs and Determining “Where” to Save