No matter what your career was, it can be challenging to adopt the transition from a “saving” perspective you may have had for over 30 years to one of a “spending” perspective in retirement. There are so many variables to take into account – inflation, social security income, pensions, TRAs, defined contribution accounts, brokerage accounts, and age differences between couples, to name a few. Next comes the investment side! At some point you are forced to wonder if you own your assets or if they own you.
We can assist you in making the transition from the accumulation to distribution phase of your life and empower you to enjoy the life you have worked so hard to attain. Our goal is to give you an understanding and confidence around your financial life that you may not have experienced before. We will not be satisfied until this occurs. Even though a part of our value is the planning that occurs through our proprietary application, the PensionTRAC™, we feel our true value comes when our clients can enjoy today. That enjoyment comes with a clearer understanding and confidence.
With the PensionTRAC™ we are able to easily demonstrate the many “what if” scenarios that complicate your life. This is often the most important part of the process – stress testing the assumptions. Some folks are very conservative. Many times we will work with a couple in which one partner is more conservative than the other. We will not get the necessary level of comfort until the most conservative person is satisfied. The ability to quickly change assumptions (for example, increasing inflation and taxes while decreasing rates of return) gives our clients the chance to see the results quickly and perhaps become more comfortable with the range of possibilities. Once we have accomplished the above, the secondary issues of wealth management (asset allocation, estate planning, tax efficiency, etc.) can be addressed.
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