Retirement used to be simple – not anymore. People are living longer, and many do not have access to traditional pension arrangements. Returns on risk-free savings have declined to almost zero, while real inflation persists. The costs of medical and long-term care are increasing at an even faster pace. As a result, individuals entering retirement today are facing more financial risk than ever before.

First and foremost, today’s retirees need a robust plan for retirement income. This typically starts with a strategy to maximize your Social Security benefits. If you’re lucky, you may also have an opportunity to choose from several options offered by a corporate pension or retirement plan. For most retirees, however, the current economic environment presents historically unique challenges to generating enough income for a long and secure retirement. We take these challenges very seriously. We help each client craft a retirement income plan that seeks to balance the need for current cash generation and capital stability with the need for long-term growth. We consider annuities where appropriate, but are mindful that over-annuitizing a retiree’s assets can seriously limit their financial flexibility. We believe that good portfolio practices should not be abandoned in retirement, but can also bring to bear specialized income-producing investments for retirees.

Funding aside, we try to make sure that pre-retirees and new retirees consider the new possibilities, choices and risks that they face. Will you want to downsize, or perhaps to a different part of the country or world altogether? What are your life goals for retirement? Are you merely leaving your current work, or are you actively involved in moving toward a new life of your choosing?

Retirement Planning, therefore, is more complicated than ever. Retirees in particular may need assistance with:

  • Social Security claiming strategies
  • Choices involving corporate retirement plans & payouts
  • Long-term care planning
  • Retirement cash flow planning
  • Annuitization and income security
  • Life-phase planning
  • Specialized income investing