Financial Planning for Retirees.
Whether you plan to walk on sandy beaches, volunteer and give back, or even start a new business venture as an encore career, retirement is a time of great change.
Retirement planning is a surprisingly complicated set of decisions and challenges that no-one should simply “wing” or just “hope for the best”... It’s one thing to suffer a market crash while you’re still working, still saving in retirement accounts and still have an income to cover basic spending needs. But it’s quite another if a serious financial shock happens around the time you plan to retire. That kind of outcome can have a lasting negative impact on the sustainability of your assets.
Events outside of your control, including health issues that may impact your ability to earn and save, or the health or employment status of a loved one, can really call your lifestyle, charitable giving and/or legacy planning goals into question. But there are strategies to address these challenges…
And so we work closely with clients in the retirement ‘red zone’ to help protect against retirement risks. We discuss and address topics like medical expenses and Long Term Care planning, charitable giving, or other specific needs like estate planning and 529 plan gifting for grandchildren. As a RETIREMENT INCOME CERTIFIED PROFESSIONAL™ and CERTIFIED FINANCIAL PLANNER™, John Agnew, CFP®, RICP®, CDFA®, CLU® works closely with clients to address these issues.
The RICP® is a retirement planning professional designation covering Social Security claiming, retirement account distribution and long-term care planning. It includes a key focus on individualized, sustainable retirement income plans.
Tax-Efficient Income Planning, Social Security claiming, Longevity…
The Wealth Collective assists clients in helping to “build” the income they need for both essential spending and lifestyle goals. We advise on tax-efficiently turning accounts you saved up over a lifetime into income that can actually be spent sustainably over an unknown period of time. We discuss the use of life and joint life income annuities, and discuss how rental income, Government or private pensions, Social Security benefits and dividend paying stocks can help to provide for a secure and worry-free retirement.
“Retire from work, but not from life.”
– M.K. Soni
“Often when you think you're at the end of something, you're at the beginning of something else.”
– Fred Rogers