Retirement Income Planning
Those in retirement, or within 6 months of retiring, need to carefully plan how they will fund their retirement through the disciplined consumption of their nest egg. A retirement income planning engagement necessarily involves a review of the client’s investment portfolio. In addition to the benefits of an Investment Portfolio Review, an Apropos Retirement Income Plan provides the following benefits:
- Peace of mind that …
- assets will be consumed at a pace, and in a way, that affords a comfortable standard of living but which doesn’t prematurely exhaust resources
- inflation will have as minimal an impact on one’s standard of living as possible
- Goal driven minimization of income taxes paid during retirement
- Guidance with making adjustments to your spending and investments to counter economic downturns and capital market realities
- Preservation, or maximization, of assets as desired to fulfill your asset transfer goals
- Objective advice on pension plan options and the advantages and disadvantages of income and variable annuities
- Expert guidance on taking Social Security benefits, doing Roth conversions, gifting, changes to state and federal laws and so much more
The retirement funding plan we prepare for you will be 100% tailored to your unique circumstances and goals.
The deliverables for a retirement cash flow planning engagement include:
- A Net Worth Statement showing your worth after your liabilities have been subtracted from your assets
- A detailed retirement cash flow projection that includes living expenses, tax liabilities and gifting wishes
- A detailed written report specifying an asset consumption plan that is designed to maximize your standard of living without sacrificing nest egg longevity
- A Monte Carlo Simulation report that analyzes the probability of success of the plan
- Answers to all your questions about the recommended plan
- A detailed and ordered Action Plan to guide you in implementing your plan
These deliverables will be thoroughly explained to you in a presentation meeting.
The amount of time we require to formulate a retirement cash flow plan, and therefore the cost of this service to you, will vary depending on the complexity of your investments and retirement plans. You will be provided with a guaranteed fee estimate at the end of our complimentary Get Acquainted meeting.