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Long before retirement even hits our radars, we plan what type of education, skills training, and professional designations to acquire. We also spend a lot of time planning in which industries are the best to work and which employers for whom to work. Once employed, we carefully strategize our every career move, so that we progress to the top of the ladder in our respective fields. While we focus most of our efforts on all these plans, we often forget to plan for life after work.
Everything we do – from choosing a career to managing career progressions at our employers – is presumably so we and our loved ones can have a better life. If we fail to plan for life after work, all of the plans and effort we put into our working lives could be jeopardized.
There are numerous questions that typically arise when people think forward to retirement. What will retirement look like? Are we spending too much? Are we saving enough? How frequently should we be saving? Could we run out of money in retirement? Are we investing in the right places? How much will we need in retirement? Will government and employer pension plans provide enough income for us through retirement? Should we prioritize college savings over retirement savings or vice versa?
These are questions that, if addressed individually, can be confusing and in some cases conflicting. If you fail to plan for retirement, it may be difficult to fully prepare and address all of these questions in the best manner. An integrated financial plan can help you to answer these questions and build a road map towards the financial independence that you strive for in retirement.
For our clients, retirement planning does not start at retirement; it starts much before. Our retirement planning service takes a long-term view of your financial wellbeing. We use a life-cycle approach to make sure that your life after work is as well planned as your life prior to retirement. We help you to build a plan that will provide the confidence of financial independence before you decide to begin your journey in retirement.
Here’s what we do for you as part of our retirement planning services: