As you near retirement, you face an increasingly complex challenge - planning for income to last throughout your lifetime. Putting together an income planning strategy is not something that can be done piecemeal. It takes all of the financial planning elements, working together, to build a realistic plan.

The process for creating a Retirement Plan includes:

•  Facilitate a guided process to consider the timing of retirement, residence location, occupation, family and social relationships.

•  Create a budget for essential expenses, discretionary expenses, and other spending goals such as travel.

•  Funding Goal Analysis to evaluate the likelihood of meeting retirement goals given current resources and expenses.

•  Analysis of retirement plan risk using simulation models, scenario planning, and stress testing.

•  Suggested strategies to address risks of longevity, inflation, recession, and market crises.

•  Recommendations for withdrawal strategies to increase tax efficiency and reduce volatility.

•  Projection of needs and costs of medical and long-term care, and recommendations for insurance coverage.
 

Fee for Retirement Preparation and Lifetime Income Planning

Fixed Fee, determined in advance

$1,500 - $10,000, depending on the scope of the work performed

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