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

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)?