Can you actually retire when you're planning to?

You're close enough to retirement that the answer to that question matters, and far enough away that you can still do something about it.

Below are a few retirement concerns that could be on your mind:

  • You've saved for decades but still can't say for certain whether you've saved enough.
  • You know a bad market, tax surprise, or health event could change everything, and you want to know if you are ready to absorb the unexpected.
  • You want to organize everything now to know if there is anything that might need fixing while you still have time to make adjustments.
  • You're looking at your 401(k) and other accounts, unsure of how they turn into a steady paycheck once the real one stops.

Every concern above is legitimate, and should be addressed. Below are the exact steps that put real numbers behind the retirement decisions you're facing. Once all three steps are complete, you can stop wondering whether you're on track and start making informed choices about what comes next.

Step #1 - Financial Visibility

You cannot plot a course to retirement without knowing your starting point. This is where we establish it, so everything that follows is grounded in fact.

  • A simplified picture of everything you own and everything you owe to determine your overall net worth.
  • A breakdown of how your income is currently being allocated across expenses, savings, and cash surplus.
  • Determines the tax treatment and accessibility of each pre-tax, after-tax, and taxable dollar that you own.
  • A high-level interpretation of your current financial situation by translating observations from the first three steps into your primary strengths, imbalances, limitations, and directional signals.
  • This establishes and prioritizes every financial goal you might have such as retirement income, travelling, and any other significant purchases.

Step #2 - Stress-Testing

Is your current situation set up correctly to deliver you to retirement? If not, what are the strongest levers available to lift you closer to retirement?

  • A thousand different market scenarios are run to calculate the real probability that your current financial path is set in a direction that will lead you to your established goals. When this analysis is complete, you will receive an actual percentage (0%-99%) showing the likeliness that your current hypothetical path gets you to retirement.
  • A side-by-side comparison of how different goal adjustments impact your probability of success. This displays the magnitude of different decisions before you commit to any of them.
  • Illustrates how fluctuations in key planning assumptions such as investment returns and inflation rates can impact your plan’s probability of success.
  • An evaluation of how your current account structure is going to impact your tax situation both now and during retirement.
  • A structural assessment of what a major financial disruption could cost your plan.

Step #3 - Decisions & Strategy

Now that you know where you stand and what levers are available to you, which ones do you pull, and when?

  • A breakdown of your options in plain numbers by adjusting the timing and spending of your goals. Each option will show you exactly what needs to change, so your plan displays a probability of success you are comfortable with.
  • Aligns your tax and withdrawal strategies into a single coordinated framework that is engineered to lay a clear path toward your goals, while also taking your investment plan and risk tolerance into account.
  • The pinnicle of the entire plan. This is a sequenced list of actions ranked by impact to show exactly what you can do to align your current financial situation to the proposed goals and strategies.
  • A final overview of key decisions made, trade-offs accepted, and the strategic direction of your plan.

Watch the video below to understand more about what this means for your situation

Forefront Asset Management

$130M+

In Assets Under Management

Certifications held by your advisor

CRPC
AAMS

With a Bachelor of Science in Financial Planning

Book A Call With Luke

This is a short conversation to help you know where you stand and what the next logical step might be.