How We Help Retirees Plan for the Future
As you approach retirement, you may have more questions than answers. Can I truly afford to retire? How will I replace my income? Where can I turn for competent, trustworthy advice?
Our expert guides can help you navigate important decisions and establish a plan for financial security in retirement. We will help you turn savings into income, manage the tax impacts of those distributions through our in-house tax services, and even help you navigate some of the emotional challenges that accompany such a fundamental life transition.
Retirement is the longest-anticipated transition that our clients experience. We spend decades saving and planning for our retirement years. Still, when it comes to actually transitioning into retirement, how does one know if they are truly prepared? We will work together to assess your retirement readiness, create a plan to turn your savings into sustainable income, and develop strategies to ensure you’re making the most of the benefits and powerful tax-saving techniques available to retirees.
Retirement Income and Portfolio Design
You’ve been saving and investing for growth all of these years, and now it’s time for your hard-earned savings to provide income in retirement. How exactly does one set up a retirement income plan? How should income from investments be balanced with other sources, such as pensions, part-time work, and Social Security?
While working, market downturns were buying opportunities- what do they mean for you now that you’re taking money out of your portfolio? How might your investment strategy need to adapt to changes in your life and the global economy? Our team can guide you through these questions and more, as we have for countless other families.
Pre-retirees often spend a lot of time thinking through the financial implications of retirement, yet few give ample consideration to the emotional and social changes they’re about to experience. We take for granted that the transition into retirement is a period of dramatic change. In addition to rethinking how, where, and with whom we spend our time, many of us will need to reassess our sense of identity and purpose.
At The Planning Center, we believe a holistic retirement planning process should include an exploration of certain fundamental questions. Who do I want to be in retirement? What is truly important? How can I align my finances with my values and aspirations? By giving these questions the attention they deserve, we will work to ensure that your next chapter is the most inspired one yet.
Tax Planning and Preparation
Careful tax planning is an essential component of any retirement plan. Fortunately, there are a number of strategies available to retirees that have the potential to dramatically reduce your lifetime tax bill. Working with The Planning Center, you will enjoy the confidence of knowing that you’re not paying more than your fair share. As an added convenience, we even have an in-house team of CPAs and other tax experts to prepare your annual returns for you!
Social Security/Medicare Planning
You’ve been paying into the Social Security and Medicare systems for years. Now it’s time to make some key decisions around how to best utilize these benefits. Choosing when to begin collecting your Social Security benefit is one of the most important decisions you’ll make as a retiree. Should you start collecting at your Full Retirement Age (FRA), or does it make sense to consider an early or delayed start date? How does your spouse’s earning record affect your benefit, and how can the two of you collect your benefits strategically to garner the highest lifetime payout? We will work together to create a plan that is customized to your unique situation.
When it is time to transition from an employer-based healthcare plan to Medicare, many retirees find the complexity and sheer number of options to be overwhelming. We will help to clarify the decision making process so you can enjoy the peace of mind of knowing that you’ll get the care you need to stay healthy and active in retirement.
Read more about a few hypothetical situations where we’ve helped medical professionals with their compensation to reach their goals.
Case Study 1
As a fee-only firm, we only get paid by our clients and receive no commissions or referral payments. Our clients know every penny they are paying to us for our services.
Case Study 2
Our team of dedicated tax professionals work with our clients and planners to make the tax planning process part of the comprehensive financial planning process
Case Study 3
12 Certified Financial Planner Practitioners, 3 Certified Public Accountants, and more, all here to serve our clients. Only 25% of financial advisors are CFPs and we hold ourselves to the highest standards.
Whether you are beginning your career, already enjoying retirement, or somewhere in between we offer the guidance and expertise you need to make the most of the journey ahead.
As a fee-only financial planning firm, we accept fiduciary responsibility and are committed to a comprehensive, evidence-based approach. Each of our team members works with a small group of clients to ensure you receive attentive service that is customized to suit your individual situation.
No matter what stage of life you’re in or which financial challenges you face, our experts are here to help you stay on track and make the most of the resources available to you.
We’d like to meet you!
Schedule a free 15 minute conversation and we’ll spend a few minutes getting to know each other so we can learn if what you are seeking and what we provide are a good fit for each other. If it seems like a fit, we’ll talk about next steps. If we’re not, we’ll help you find the right group for your needs.