If you’re 5–10 years from retirement, you might feel some uncertainty. While you know that retirement is on the horizon, you probably don’t know exactly when it will come, what your finances will look like, and most importantly, how your retirement will play out.
You may have questions such as:
Are my savings on track?
How much money do people need each month to be happy?
What should I do about my mortgage and my other debts?
Should I help my kids or save for my future?
We would like a second home when we retire. Is now the time to buy?
I like my work. How do I plan to continue part-time in retirement?
What should we do about health insurance before Medicare starts?
What about Medicare? What do I need to know at this point?
What happens if I face large health care expenses?
How will Social Security fit into our plans?
When is the best time to start Social Security?
Our will is outdated, what should we do?
Will I have enough money to last for an unknown number of years?
How much more money do I need to save?
All these questions are valid, and they may be causing you to push off coming up with a retirement plan. However, the sooner you plan, the sooner you’ll be at peace about your direction.
We can work together to create a retirement plan specific to your life circumstances by considering factors such as:
If money was not a concern, how much longer would you want to work?
What does your ideal life look like?
What will you do each day when you are retired?
What does that cost?
Who will you help?
What new relationships will you have or what relationships would you like to improve upon?
Where will you find relevance, satisfaction, enjoyment, and meaning in your day-to-day life?
Where will you live?
Does your spouse or partner have a retirement vision and plan that aligns with yours?
How might your family situation change over the next 5 or 10 years—e.g., will your children graduate from college and start having kids of their own?
We’ll work with you to build a road map to retirement and beyond. We’ll start by analyzing your current situation and future goals and help make sure that you’re on track for the retirement you envision. If you’ve veered off course, we’ll work to get you back on track.
We’ll help you set up a cash flow plan for retirement that considers your income sources such as Social Security and retirement plan distributions, and expenses such as your mortgage and dream vacations. We’ll help you pinpoint your retirement date and when to begin taking Social Security, and we’ll walk with you every step of the way, adjusting your plan as your needs change.
Schedule a 15-Minute Discovery Call
As a fee-only RIA that prides ourselves on upholding our fiduciary obligation, we want to help you make the decisions that best serve you and your family, not us. We focus on working with only those clients we know we can help, so we like to start with a complimentary, 15-minute call to discover how we can serve you. We’ll discuss your situation and explore whether we’re a good fit for each other.
