Professional retirement planning services involve helping you grow your money and utilize available tax advantages of the wide ranging account options. Our goal is to align the vision with a realistic road map.
We help you establish financial strategies that include saving, investing, and trimming costs in order to maximize your retirement nest egg. Our team can help you set realistic goals that help cultivate long-term wealth and ensure your retirement accounts encounter minimal risk.
Our team can create a plan and proactively manage every aspect of your finances, retirement, and taxes. From account opening to investing your account, consolidating accounts, providing you with liquidation strategies and more importantly – figuring out how social security fits with your other investments.
The Retirement Planning Process
Our goal is to help you be prepared for retirement when the time finally comes – the goal is to make this whenever you want it to be. It is important to consider the financial aspects including lifestyle choices, how to spend time in retirement, where to live, whether retirement means stopping work altogether, or taking a part time role doing something you love. Our holistic approach to retirement planning considers all of these essential areas.
Depending on where you are at in your retirement planning journey, we can help you establish clear goals that you can start achieving now. Whether you are ready for simple savings automation or need more in-depth investment and growth opportunities, we can help. In order to reach that magic number, you need to act strategically and consistently. Our team specialties in helping you develop a strategy based on your personal goals and current financial situation.
Some of the most essential retirement strategies and tactics we employ include:
Maximize Your Employer-Sponsored Plan
Employer-sponsored plans are crucial to take advantage of, especially for younger workers. These plans often include an employer match of your contributions to the account, which can add up in the long term. However, you can and should contribute more than the amount that the employer matches; we often recommend aiming to save between 10%-15% in order to maximize growth potential. We can do a deep dive into the benefits on offer and be sure to have a clear understanding of how it will fit into your financial plan.
A Roth IRA can be an excellent tool for young adults to build a hefty nest egg in the long term. This type of retirement account eliminates the immediate tax deduction but avoids a more significant income tax bite when the money is withdrawn at retirement. Starting a Roth IRA early can pay off big time in the long run, even if you don’t have a lot of money to invest at first. The longer the money sits in the Roth IRA retirement account, the more tax-free interest is earned.
Analysis Of Passive Income Opportunities
Passive income can be a great way to add value to your retirement plan. . Your passive income opportunities will allow you to pursue your regular job while still providing growth on the side. By evaluating these opportunities you can take full advantage of balancing out your earned income to in turn increase your flexibility in retirement.
Social Security Analysis
Social security is one of the most important benefits of retirement. The amount of money you will receive from social security is directly related to your earnings prior to retirement. Identifying exactly how much money you will receive and the timing of when you will get social security can have a very large impact on your total income paid over your lifetime. Taking the time to evaluate and be aware of how much you should be getting will ensure you are getting what you are owed.
A pension analysis provides a comparison of your monthly payment amounts (based on your benefit earned to date) under the different options available under the plan document. . Knowing your options is essential to choosing the best outcome for your retirement planning.
Navigating Your Withdrawal Strategy
While saving for your retirement is the start of retirement planning, knowing your withdrawal strategy is also important. By using the proper withdrawal strategy you can stretch your retirement savings to align with the potential length of time that you need it. Working with a financial planner, you can discuss the different methods and find the right plan for you.
Selling Equity Or Exiting A Partnership
There are a lot of moving pieces when it comes to selling equity or exiting a partnership. For your benefit you want to ensure that you are getting the full value of your equity to structure the buyout in a way that benefits all parties involved. . Working with an advisor will help you not only get your full reward but walk you through the process so you can understand what is at stake.
Work With Inflection Advisors
Regardless of what stage your retirement planning journey is at, we can offer the guidance you need to reach your goals faster. Reach out to an advisor today by phone at (424) 372-8399. It is important to remember that retirement planning starts well before the day you plan on retiring, so get started today!