This is a smaller section of the Financial Plan that focuses specifically on the later part of one’s life. Specifically, there are three primary considerations:
Growth. How much will you need by the time you retire and how will you build up that amount? We’ll help you understand how much you need to save and where to put that money to reach that goal most efficiently.
Distribution. Even though you may not be working, you will have income coming from various sources whether that be savings, investment accounts, social security, etc. You’ll be able to enjoy retirement much more knowing that your sources for funding retirement are already mapped out for you through a carefully constructed distribution plan.
Care. This is planning for the end of the journey as you may reach a period when caring for yourself becomes difficult. Did you know that 68% of individuals over the age of 65 will be unable to care for themselves sometime over their lifetime1? Who will care for you if that happens?
Download our Guide to Successfully Navigate Long-Term Care to understand the costs and options available to you.