Readiness for Retirement

For retirement, the earlier you start planning for it the better. Focus on taking action now, investing wisely, and increasing your contributions over time.

  1. Potential Direct Financial Impact

    • Potential tax benefits from your current retirement contributions.
    • Tax advantages of various retirement account structures, e.g. Roth 401K or IRA
    • Any employer match on your 401(k) contributions.
    • Investment growth on your existing retirement accounts.
    • Potential need to optimize the amount of your contributions, the types of retirement vehicles saved into, and your asset allocation to better meet your present and future needs.
    • Possible need to balance debt pay-down with saving for retirement and other goals.
    • Potential costs associated with securing long-term care insurance and/or buying an annuity to create a fixed income stream during retirement.
  2. Potential Secondary Impacts

    • Potential lifestyle impact if you need to reduce expenses to save more and get on track for retirement.
    • Potential retirement account consolidation and annual rebalancing needed.
    • The need to revisit your investment mix periodically to ensure it is appropriate based on your objectives, time horizon, and risk tolerance.
    • The need to evaluate stable sources of retirement income (Social Security, Pensions, Annuities)
  3. Self Completion/Execution Risks

    • Not contributing at the right level for your present and future needs.
    • Not taking advantage of the most tax-advantageous retirement vehicles
    • Not having an appropriate investment mix based on your objectives, risk tolerance and time horizon.
    • Not having a clear plan for when you what to retire and how much you want to replace each year during retirement.
  4. Situations where expertise adds the most value

    • Tax Adviser
      Consulting a tax adviser may be helpful to determine the optimal retirement accounts to minimize your taxes now and during retirement as part of your overall withdrawal strategy. Additionally, a tax adviser may be able to identify other tax-advantaged vehicles to contribute to for retirement purposes once you’ve maxed out your 401(k) plans.
    • Legal Adviser
      Working with a trust and estate attorney may be beneficial to set up estate planning documents and wealth transfer strategies to plan for future generations.
    • Financial Adviser
      Working with a financial adviser as you approach retirement is highly recommended to not only assess your retirement readiness, but also to put together a comprehensive financial plan that helps you balance any competing financial goals. Additionally, a financial adviser may be able to help you create an updated budget that enables you to save more for retirement each month.

Harness the full potential of your wealth

We blend deep expertise, sophisticated technology, and personal service to identify strategies that unlock value and pair you with advisers that turn those strategies into reality.


Working with us

We’ll start by working with you to create a personal balance sheet and current financial outlook. From there, we present a curated list of Financial Advisers, CPAs, and Trust & Estate Attorneys from which you can choose.