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Retirement Resources

The number one discussion topic our clients have with us is regarding their retirement.  The list of questions and concerns are quite lengthy but most are similar to these:

  • Are they saving enough?
  • Are they investing correctly?
  • What kinds of accounts should they be utilizing (401K, IRA, Roth, Taxable, etc.)?
  • Can they retire by age XX?
  • How do they convert savings into a lifetime of income?

The intent of the Retirement Resources section is to provide you good educational material to help you become well-versed in your retirement options and planning.   We believe true wisdom and action come from a personal discussion with you to understand your needs, goals and resources regarding retirement.  From that we will develop a retirement strategy and plan that answers all the questions uniquely for you.   In the meantime, please enjoy these retirement resources to deepen your knowledge.

Your Financial Future Awaits!

If you are eligible to receive a distribution from an employer sponsored retirement plan, such as a 401(k), 403(b), governmental 457(b), profit sharing, or a defined benefit pension plan, there are several options for you to consider before deciding how and where those hard-earned retirement savings fit into your overall retirement strategy.  Here are 2 documents to help you learn more:

Choose the Right IRA for You

There are different types of IRAs with different features and benefits.  Choosing the IRA that is right for you can depend on the type of tax benefits you are looking for adn the investment services you are interested in.

Learn more

5 Things to Know about Roth IRAs

The primary benefit of a Roth IRA is the ability to withdraw accumulated earnings tax free. Therefore, the earlier you begin saving and investing in a Roth IRA, the greater the potential for earnings

Learn more

10 Things you Should Know about IRA-to-IRA Rollover

Rollovers can come in many forms depending on the type of retirement the assets are coming out of adn the type of retirement account they are going into.  That fact alone makes them confusing.   Rollovers between IRAs require special care to avoid costly mistakes.

Learn more


Longevity Risk:

In addition to the usual financial risks we have— such as inflation risk, market risk, and economic risk — there is another risk to confront in retirement…longevity risk.  Longevity risk is the risk of outliving your retirement assets, due to an increased life expectancy. Often these risks are underestimated by pre-retirees. According to a recent survey conducted by Nationwide Mutual Insurance Company, baby boomers age 50 and older who have not retired yet are expected to live an average of 20.7 years in retirement, while boomers who have already retired are expected to live 27.1 years — this is 31 percent longer than their still-working counterparts.
Understanding how long you may live helps you determine how long your retirement savings need to last.   Learn more: Longevity Risk