Pre-Retirees and Retirees looking forward to a fulfilling retirement
Are you hoping to live an active life and do all the things you’ve dreamed about during retirement? If so, you’ll appreciate our approach to retirement planning – which isn’t just about numbers, but also quality of life and levels of independence.
It’s why our advisors include both financial planning and longevity planning in their retirement discussions. Many people are unaware of the important issues associated with aging and increasing life expectancies; these include potential changes in the areas of housing, healthcare, caregiving and transportation.
If you are approaching retirement, preparation is the key in determining when to retire, or how much longer you should work in order to support your desired lifestyle. However, the importance of planning doesn’t diminish after you retire. People are living longer today, so the possibility of going 10, 20 or 30 years without that regular paycheck requires continued vigilance.
Pre-retirement is generally referred to as the 10 or 15 years before retirement. Although we advise starting to plan before this age, this period is a good time to maximize contributions to an IRA, company retirement plan or other accounts. Many individuals who are 50 or over can also make annual catch-up contributions. Our advisors can help you determine how much you can contribute. Social Security benefits also play another important role in providing retirement income. Allow our team to help you determine your eligibility, when best to file, and how to potentially maximize benefits for both you and your spouse.
Once in retirement, our focus will be on helping you strike a careful balance between maintaining your desired lifestyle and making your money last. This includes guiding you through required minimum distributions and determining the most tax-efficient withdrawal strategies.
Our team can also collaborate with your legal, accounting and insurance professionals on important matters that include estate planning, life insurance and healthcare issues such as Medicare and supplemental plans, medical cost reviews, and long-term care.
Retirement should be a most enjoyable and fulfilling time of your life – the time to do the things you’ve always dreamed about – and with the right guidance for this significant transition, we believe it can be.
Services for pre-retirees and retirees include:
- Income planning
- Tax strategies
- Social Security optimization
- Healthcare planning
- Longevity planning
- Long-term care insurance
- Estate planning, charitable giving and trusts
- Distribution strategies (including required minimum distributions)
There is no assurance that any investment strategy will be successful. Investing involves risk including the possible loss of capital. Raymond James financial advisors do not render legal or tax advice. Please consult a qualified professional regarding legal or tax matters.
