Prepare Today for the Retirement You Want
Embrace the future with confidence.
As retirement gets closer, it’s a great time to take a look at your financial picture. We’ll help you figure out how to make the most of your savings, plan for healthcare costs, and set up a steady income stream, so you can enjoy your retirement with confidence.
- How can I protect my retirement savings from market fluctuations?
To help protect your retirement saving, consider diversifying your investments, balancing risk with more stable options, and adjusting your portfolio as needed. As a fiduciary with your best interests at heart, we can help you develop an investment plan based on your situation.
- What’s the best strategy for withdrawing money from my retirement accounts?This depends on your goals, tax situation, and account types. Typically, it’s wise to start by withdrawing from taxable accounts first, then tax-deferred accounts, and finally tax-free accounts. A balanced approach helps minimize taxes and sustain income throughout retirement.
- When should I start taking Social Security benefits?
It depends on your financial needs and goals. Claiming benefits early (age 62) can provide smaller monthly payments, while waiting until full retirement age (66-67) or age 70 might offer larger monthly benefits. Delaying benefits can increase your lifetime payout if you can afford to wait.
- Should I pay off my mortgage before retiring?
Paying off your mortgage before retiring can provide confidence by reducing monthly expenses. However, it’s important to consider your overall financial picture. If paying off the mortgage means depleting savings or missing out on investment opportunities, it may be better to prioritize other financial goals first.