Retirement Planning
"Retirement is when you stop living at work and start working at living."
Here’s how to chart your course toward...
RETIREMENT PLANNING
Step One...
is establishing how much money you need each month after tax to live the lifestyle you desire.
Step Two...
is to take inventory of all your income sources you will have to meet those expenses. This includes Social Security, pensions, real estate rental income, trusts, royalties and any other income producing resources you may have.
Step Three...
is finding the gap between your income sources and desired spending and developing a gameplan using your assets to create income.
Step Four...
is an inventory of all your investments and assets to create a net worth and income plan. This will include bank accounts, brokerage accounts, IRAs, 401k plans, all retirement accounts, real estate, inheritance, and any other assets you own or will have in the future.
The final planning...
is to carefully craft a lifetime income stream with you assets that is predictable and consistent. Being able to spend the most and leave the most to the ones you love is the formula for a life well lived.
We use sophisticated software available to craft your plan and do thorough scenario analysis to stress test it’s reliability and predictability through the most difficult economic and market events. Testing it against the Great Financial Crisis of 2008 and lost decade of the early 2000s as well as many other scenarios gives us confidence.
The end result is to have as predictable and secure lifetime income you can’t outspend and a legacy you design for your loved ones. Taking care of both spouses in the planning is paramount for those we work with who are married and often have children. Not having to have adult children worry about you is often part of the game plan as well. Eliminating financial blindspots and living your best life is the result we strive for with the custom planning solutions we provide.
CASE STUDY
EARLY RETIREMENT & LEGACY PLANNING
Qualcomm Executive Retires at 51 With $300K Guaranteed Annual Income and a $5M+ Legacy Plan
