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Do you have a sound plan for retirement? We help make the most of your employer-sponsored retirement plans and IRAs. Determining how much you need to retire comfortably and managing assets before and through retirement.
The number of years remaining actively working before retirement
Time period beginning at retirement and ending at death
How much money you've effectively saved, will determine if you outlive your money
How much money will you spend monthly/annually to live the lifestyle you desire in Retirement?
The replacement ratio helps you calculate how much income you'll need to maintain your pre-retirement lifestyle. It is calculated by dividing your estimated retirement income by your pre-retirement income. For example, if your pre-retirement income is $100,000 and your estimated retirement income is $70,000, your income replacement ratio would be 70%. A good ratio is 70-85 percent of pre-retirement income.
Inflation is the silent killer of all portfolio returns and diminishes our purchasing power over time. It is best to plan for 3-5% inflation annually to outpace inflation every year.
How many sources of income will you have in retirement? ie: social security, pension, employer retirement plan, rental income, royalties, investment income. The more the better!
Market conditions and volatility will impact your annual returns which could impact the longevity of your retirement without the proper diversification and planning.