What To Expect When Working With A Retirement Planner
Deciding to work with a retirement planner is a big step, especially if you’re unsure about the process or the benefits it offers. At our firm, we strive to make the experience seamless, personalized, and impactful. Here’s what you can expect when partnering with us for your retirement planning needs.
1. A Clear Understanding of Your Financial Picture
We begin by getting to know you—your current financial situation, assets, liabilities, and income streams. This comprehensive overview helps us build a clear picture of your financial foundation and ensures we consider every detail in your retirement plan.
Client Story: One of our clients, Jane, came to us with concerns about her scattered investment accounts and lack of a cohesive strategy. Her previous advisor had recommended several B rated annuities, but she felt her income through social security and pension already covered her expenditures. By reviewing all of her accounts, we were able to find she was able to cancel 3 separate accounts. By consolidating her finances and creating a clear overview, we helped Jane understand her financial position and build a comprehensive plan for her retirement goals, allowing her to buy a house closer to her grandchildren.
2. Setting Personalized Retirement Goals
Your retirement is unique, so we take the time to understand your specific goals. Whether it’s traveling the world, downsizing your home, or leaving a legacy for your family, we tailor your plan to reflect your aspirations and priorities.
Client Story: Tom and Linda dreamed of spending their retirement traveling after years of hard work. However, they felt without regular income, they could not sustain a travel plan that allowed them to travel as often they’d like. After discussing their goals, we crafted a strategy that prioritized income flexibility and ensured their travel budget was built into their plan without jeopardizing their long-term financial security.
3. Creating a Comprehensive Financial Plan
Using the information you provide, we design a holistic plan that incorporates key aspects of retirement planning:
Income Planning: Developing strategies to generate a steady income from your savings and investments.
Investment Management: Ensuring your portfolio aligns with your risk tolerance and financial goals.
Tax Efficiency: Minimizing tax liabilities to maximize your retirement income.
Insurance and Healthcare Planning: Addressing rising healthcare costs and potential long-term care needs.
Did you know? According to Fidelity, the average couple retiring at age 65 can expect to spend over $300,000 on healthcare costs during retirement. This makes careful planning essential to ensure your savings can cover these expenses.
4. Transparent and Ongoing Communication
We believe in building trust through open communication. Throughout the process, we explain every recommendation, ensuring you feel confident and informed. Once your plan is in place, we schedule regular check-ins to monitor progress and make adjustments as needed.
5. Access to Best-in-Class Resources and Solutions
As fiduciaries, we are committed to putting your interests first. We combine personalized attention with access to top-tier financial products and services through trusted industry partnerships. This allows us to deliver solutions that meet your unique needs without conflicts of interest.
Fact: Studies show that working with a financial planner can lead to a 15% increase in retirement readiness. Having expert guidance ensures your plan stays on track, even as life circumstances change.
6. Addressing Your Questions and Concerns
We understand that retirement planning can feel overwhelming. That’s why we’re here to answer your questions, address concerns, and provide clarity every step of the way. From understanding Social Security to navigating healthcare options, we’re your trusted resource.
Insight: Nearly 40% of retirees wish they had saved more or started planning earlier. Partnering with a retirement planner helps you avoid regrets by creating a proactive and comprehensive strategy.
7. Peace of Mind for the Future
Ultimately, working with a retirement planner is about more than numbers. It’s about creating a roadmap that gives you confidence, security, and peace of mind as you transition into retirement. Our goal is to ensure you can enjoy the life you’ve worked so hard to build.
Client Story: Steve, like many of our clients, felt uncertain about whether his savings could sustain him through retirement. After working with us to create a detailed income and investment plan, Steve now feels confident and enjoys his retirement without financial stress.
Ready to learn more? Take the next step with a free introduction call to learn what we can do for you!