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

Retirement Planning

What’s “Your Number”? Know Your Lump Sum Savings Need

Do you remember that commercial (https://www.youtube.com/watch?v=cDzUUJSgzyY ) that suggested everyone has a unique “number” that defines their future spend and thus, their savings need? ING put out the commercial in 2008 to help drive home the point of this article – know your number. I loved that commercial because the concept is real for us… Continue reading What’s “Your Number”? Know Your Lump Sum Savings Need

Retirement Planning

Where’s Your Retirement Paycheck Coming From And Who Signs the Check(s)?

Defining your retirement vision and timeline is an important first step in the planning process. Next, we need to answer how you will recreate your paycheck. Our job is to help you assess both sides of the equation: Income Needs - how much do you need? Income Resources - where will the money come from?… Continue reading Where’s Your Retirement Paycheck Coming From And Who Signs the Check(s)?

Nearing Retirement, Retirement Planning

When Will Your 8,000 Days Begin? Setting a Retirement Timeline.

Retirement is more than just numbers, it’s about the feeling and emotions that can come with significant change in routine, socialization and how you spend your time. So before we can get to the math behind savings, inflation, taxes and Social Security, consider the following: What is the most important part of your retirement? How… Continue reading When Will Your 8,000 Days Begin? Setting a Retirement Timeline.

Retirement Planning

Retirement Planning Can Be Simple…

…but it’s not easy. It’s not easy because there can be a lot of anxiety when you consider all the different moving parts that should be considered before you stop receiving regular paychecks.  There’s an innate fear of the unknown and the future is full of unknowns. As wealth managers, we hear these concerns around… Continue reading Retirement Planning Can Be Simple…