Steve and Mary, both 60, are about to embark on the biggest adventure of their life: retirement. Both have successful careers, and have been saving diligently via 401(k)s and other investment avenues. They have been empty nesters for some time, with children and grandchildren close by. As their work lives come to a close, they want to feel confident that their retirement will be everything they want it to be — and they know that means making a lot of important decisions.
We start by learning how Steve and Mary envision their retirement — do they want to travel, pursue hobbies, spend time with family, work on their bucket list, etc.? With that information in hand, and knowledge about their current financial situation, we help them make the right choices so they can live their best life.
We ask a lot of questions. Do they want to fund educational expenses for grandchildren? Set up a donation fund for charity? How does their travel look? Is it funded? Will Mary be okay financially if Steve dies? Are their beneficiaries up-to-date? Does their income plan take into account today’s tax rates? Is there a system in place to monitor any needed changes?