Financial Planning at Any Stage
Financial Planning at Any StageSteps you can take now to help meet your goals in retirement.It’s never too early to start thinking about retirement, and we can help you strategize ways to pursue your goals now and in the future with a comprehensive plan to help accumulate wealth, minimize tax liabilities and plan for life’s big financial decisions. LAYING A FOUNDATION 20+ In this stage of the game, it’s all about establishing a good credit history, eliminating debt and creating a safety net. Investing in a retirement account (especially if your employer is willing to match your contributions) is also ideal, but not the first step in getting your finances in order. Focus on paying off any high-interest rate debt and keeping it paid off as the first step, followed by establishing an emergency fund. Then you can begin focusing more heavily on your long-term financial goals. THE ACCUMULATION STAGE 30+ In this phase, you should focus on investing more heavily and potentially taking more risk in your portfolio since you have a long time horizon before retirement. You may also want to put a safety net in place to protect your family should something happen to you. PREPARING FOR RETIREMENT 50+ By now you should be exploring what retirement goals you have for your family so you can start planning how much income you need to support your lifestyle during retirement. We can help you understand what retirement looks like based on your current financial situation, strategize ways to help fill any gaps and add in additional safeguards to protect your wealth and your family. ENJOYING RETIREMENT 60+ You’ve reached a big milestone and can even reinvent yourself — whether that means travel, enjoying time spent with family and on hobbies or even exploring new careers. This is a critical time to make sound financial decisions when it comes to withdrawing income and benefits. With the right guidance and careful planning, you can potentially maximize your social security and let retirement plans accumulate longer to help provide the most income during retirement. LEGACY PLANNING AND TRANSFERRING WEALTH 70+ Taxes can erode a lot of the money you accumulated during the retirement and wealth transfer stages. We can help strategize ways to maximize your gifts to charities and loved ones with tax-focused solutions to help them benefit more significantly from your gifts. LET’S TALK No matter what your financial stage, our team of wealth management professionals is here to help you enjoy the benefits of your hard work with a holistic approach to wealth management. Whether you’re just getting started or have already entered retirement, we can offer customized solutions to help in the pursuit of your financial goals. LAYING A FOUNDATION 20+ THE ACCUMULATION STAGE 30+ PREPARING FOR RETIREMENT 50+ ENJOYING RETIREMENT 60+ LEGACY PLANNING AND TRANSFERRING WEALTH 70+
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