Retirement planning can be thought of in one of two ways. First is the preparation stage in which individuals spend many years accumulating assets through various retirement vehicles such as 401(k)s, 403(b)s, SEPs, Simple IRAs, and Roth IRAs. This is clearly a crucial stage and one in which time is probably the most critical component. The earlier you begin this process, the more likely you are to reach your intended goal.
The second stage is even more important! You are now retired and must convert those assets you saved into income. Furthermore there are no more paychecks and no second chances! So, while many people consider retirement as the end of their working lives, we like to think of it as the beginning — the beginning of 25 or more years of worry-free enjoyment.
We begin the planning process with a cash flow analysis. Yes, you can even refer to it as budgeting! But regardless of the term applied this step is paramount to your continued success.
Once we have determined the income required, we can then consider the optimum asset allocation to meet both your risk tolerance and income needs. Investment portfolios are then structured on an individual basis.
Our continuous monitoring, rebalancing, quarterly reporting and annual reviews reduces the stress associated with this aspect of your life.