Income Needs Assessment
In the past few years, our notion of retirement has changed significantly. Some of today’s retirees are more active than ever, treating retirement as a new beginning to start a second career or pursue endeavors they have put off for the better part of their lives. Still others aspire to the more traditional notion of a relaxed retirement. While our perception of retirement is being reshaped, so too are the ways in which we plan for it. Today’s retiree will likely need to leverage a wider variety of resources than just the traditional fixed sources of income such as a pension and Social Security.
Understanding your retirement income needs is crucial to a well-defined wealth management strategy. We’ll help you understand your current situation, determine what you will need in the future given your lifestyle and legacy goals, and craft a detailed strategy to help you achieve those goals.
Managing Risk
A robust retirement plan must address a wide range of risks and potential outcomes. Some factors are specific to the client: living longer than expected, untimely death in the accumulation phase of pre-retirement, or changes in health status. Other risks are more external: increasing inflation, long-term economic malaise, or volatility in one’s portfolio.
As wealth managers, we review various retirement income options, risk strategies, and investment forecasts to ensure clients have enough resources to maintain steady cash flow in a variety of circumstances.