Are you daydreaming about retirement but stressed about staying financially stable after leaving work?
Finances can be a looming concern for people approaching retirement age. In fact, many would-be retirees continue to work out of fear that they won’t be able to afford insurance, emergency costs, support for their families, or other possible expenses after retiring.
Based here in the Bay Area, I offer financial planning services for people of all life stages in many states, but I’m most passionate about working with members of our local community. We work together and follow four key steps to plan for a secure retirement.
- Get to know each other. My first priority is to get to know you. We’ll discuss needs, wants and goals to help create a plan just for them. For soon-to-be retirees, this means starting with a blank slate and tailoring a retirement plan to fit their needs.
- Look at the big picture. To be successful, the planning process must include viewing things holistically. This means looking at everything, from savings, retirement accounts and general investment accounts to current life insurance policies, annuities and physical assets, to fully understand the situation.
- Determine goals. It’s essential to think about and share your goals. Everyone envisions success differently, and we must take time to ensure each person’s plan is customized based on their vision.
- Create the plan – and an income stream. Finally, we develop a plan to produce income even after retirement by using a combination of investments, annuities, insurance policies and other financial vehicles.
