Retirement planning is the largest planning issue facing most baby boomers today. Concerns about social security, company pensions, and a volatile investment environment all add to the uncertainty surrounding retirement. The key questions on most people's minds are:
- Will I have enough?
- Am I doing the best I can?
I help my clients answer those questions and many others:
- How much will I actually need to retire? Do I have enough? If not, what are my best options?
- Is my investment strategy the best one for my situation?
- What is the most appropriate pension option to select -- lump sum, annuity, single life only, or joint-and-survivor?
- When should I take Social Security -- at age 62 or at full retirement age?
- Should long term care insurance be part of my plan?
- What is the best way to take distributions from my investment accounts and in which order?
Most clients engage my services to help them address and answer these and other important questions. The initial process usually takes between one and three meetings, and the outcome is a much greater sense of clarity and confidence around their retirement picture. Although I have a few clients who don't go through this thorough retirement planning process, those that do find it invaluable and say they feel they are in a better position to make decisons about their important next steps. Then, on an ongoing basis, we work together to monitor their progress and address any other issues as they arrive.
Here is a more extensive list of questions I am typically able to help clients address.