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.
For instance, some people want to retire as soon as possible, and others want to work until they’re sure they’ve made enough to support their heirs after they’re gone.
Many clients come in without any idea when they’ll be able to retire. After understanding their financial situation and goals, we can visualize their timeline to retirement.
- 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.
By continuing to produce income through investments, covering potential long-term care costs with insurance policies, and helping you make wise financial decisions in the short-term, we can help you plan for retirement on your own terms. You’ll be able to retire with the peace of mind that you’re making the right financial decisions.
If you’re approaching retirement age or wondering how soon you’ll be able to retire, I’d be honored to support you as your financial partner. For more information, please call and/or schedule an in-person appointment for a consultation here in the Bay Area.
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Securities and advisory offered through MWA Financial Services, Inc., a wholly owned subsidiary of Modern Woodmen of America. Member: FINRA, SIPC. All investing involves risk, including the potential loss of principal invested.
