Confidently preparing for retirement
Emotions surrounding retirement can range from jubilation to uncertainty. Many questions arise about finances and beyond. As you enter this phase in your life, you’ll have different concerns than those you faced in your primary earning years. We call this the Retirement Red Zone.
We believe successfully traversing the Retirement Red Zone will determine your quality of life over the next 20 or 30 years. It’s both the most crucial and risky time to invest. You will face many unforeseen risks like living longer, inflation, healthcare costs and uncertain markets. Some unknowns are easier to protect against than others. You’ll require an experienced guide who can forge a path tailored to your needs.
Planning with us can help you withstand the risks you can’t control. We can help you determine what is most important to you and assess any headwinds likely to impact your goals. We’ll also collaborate with your legal, accounting and insurance professionals on important matters such as estate planning, life insurance and long-term care.
No simple calculator or rule of thumb can give you an accurate strategy to fund your future, because your retirement is unique to you. With the right preparation and guidance, we believe retirement can be one of the most enjoyable and fulfilling times of your life. Let’s get started.
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Client: Caroline and Charlie, a couple five years out from retirement
Challenges: These two came to us with the dream to retire in a new home closer to their children and grandchildren, which at the time seemed out of reach. They also were unsure of whether they had the right investment mix for this phase of life.
Potential course of action: After working with Caroline and Charlie to gain a deep understanding of their financial situation as well as their needs, wants and wishes, we would design a financial plan with investments tailored to their budget for risk and time horizon. The plan will also take into account their goal of being close to family and watching their grandchildren grow up. Through our process, we will show them ways that they could make the move to be with family at retirement – or even right away if it suited them.
This is a hypothetical example for illustration purpose only and does not represent an actual investment.
*The projections or other information generated by Goal Planning & Monitoring regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Goal Planning & Monitoring results may vary with each use and over time.
