Retirement Planning

The age at which you can retire depends on your financial situation, lifestyle goals, and health. While the traditional retirement age is 65, many factors such as your savings, Social Security benefits, and expected expenses will influence your decision. Consulting with one if our financial advisors can help determine the best retirement age for your circumstances.

Your retirement spending will depend on your income sources, savings, and lifestyle choices. It is crucial to create a personalized retirement budget, considering factors like healthcare costs, inflation, and unexpected expenses, to ensure your funds last for your entire lifetime. Our Certified Financial Planners and Wealth Advisors use advanced forcasting tools to help determine a comfortable spending amount for your unique circumstances.

Deciding when to take Social Security benefits is critical. You can start as early as 62, but your benefits will be reduced. Full benefits are available at your full retirement age (typically 66-67), and delaying benefits until 70 can increase your monthly payment. Our financial planners use sophiticated software to help determine the optimum time for you to start social security based on your unique needs and circumstances.

Running out of money in retirement is a common concern. Careful planning, conservative spending, and a diversified investment strategy can help mitigate this risk. Our financial planners will work with you to determine a monthly budget that is both affordable and sustainable. 

Healthcare costs can be a significant expense in retirement. Medicare provides coverage starting at age 65, but it doesn’t cover everything. Supplemental insurance, long-term care insurance, and a dedicated healthcare savings account can help manage these costs. Our Certified Financial Planners will help you understand your options and help ensure you have the necessary funds to cover healthcare expenses.