The Road To Retirement

A Lifelong Journey

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When you stop accumulating wealth, the financial skills and planning you need are different and often more complicated than when saving for retirement.

We work with you to develop a customized spend- down plan that protects your wealth from excessive taxes and that comes into play when you are no longer earning income. Our goal is to help you avoid getting locked into a high tax bracket throughout retirement. This sets up the next phase of retirement, when you begin taking required minimum distributions from retirement accounts at age 70½. The detailed planning we provide can achieve significant savings for you, your family and your legacy plans – helping you maximize the wealth you share with future generations as well as the causes that are most important to you.

Tips to Prepare For Retirement:

  1. Save More

2. Top 5 Reasons to Save in Your Company’s 401(k)

1. It's Easy! Your 401(k) contribution is pulled directly from your paycheck, in an amount you specify, automatically and before you can spend that money elsewhere. Putting retirement savings aside before it hits your bank account is a behavioral guardrail helping you prioritize preparation for retirement.

2. Tax Benefits Traditional 401(k)contributions are made pre-tax, meaning they lower your taxable income right away and grow tax-deferred. You can save more without feeling the full effect in your net pay. As a result, Traditional 401(k) savings, including the earnings on it, are taxed on the back-end, when you withdraw money in retirement. Some plans, however, also have a Roth 401(k) option. These contributions are made after-tax at your current tax rate. Qualified distributions from your Roth 401(k) savings, including earnings, should be tax-free.

3. Don't Leave Money on the Table If your employer offers a matching contribution, strongly consider saving as much as you can to receive the full amount. Think of it as "free money"or like a guaranteed return on your investment, simply for contributing to your own retirement account.

4. Dollar-Cost Averaging When contributing to your 401(k) plan with each paycheck, you are taking advantage of something called dollar-cost averaging (DCA). As the market rises and falls, you are purchasing shares of your investments at varying prices. Dollar-cost averaging allows you to buy more shares when the price is down and fewer shares when the price goes up. This generally results in your average share price decreasing over time, and can be less risky than investing a large amount all at once.

5. Professionally Managed Portfolios The five professionally managed portfolios in your plan are strategically built to give you the greatest chance of achieving your financial retirement goals. With allocations tied to risk profiles ranging from Highly Aggressive to Risk Averse, they include an appropriate number of low-cost, evidence based stock and bond funds. These portfolios are rebalanced quarterly to maintain the asset class split and associated risk level that you originally selected, systematically helping you sell high and buy low.