Retirement & Estate Planning
Retirement - Time well spent.
Our retirement income planning strategies apply best to those within 10 years of retirement or those already in retirement. Each case is unique; however, there are many common concerns:
- the current political & economic environment
- an over-burdened healthcare system and the high cost of private care
- efficient tax and estate planning
- helping the rising generation get a start on life
Many people live with the fear of losing money in the stock market and have been taught by their parents or grandparents that the primary financial risk they face is the loss of capital. However, every year the cost of basic necessities – e.g. food, shelter, medicine - goes up. Given longer and longer lifespans, the average couple can expect a retirement of over 30 years in length for both partners. As costs creep higher year-by-year, the overwhelming financial risk for most is not the loss of capital, but the loss of purchasing power.
With one quarter to one half of one’s adult life in retirement, the loss of one’s spouse and deteriorating health shift from possibilities to eventualities. Risk management to plan for these challenges can have a life-altering impact on the surviving spouse and/or supporting family members.
Protecting our clients hinges on their understanding of the risks highlighted and the vehicles available to live without compromise. Together with our partners in tax, legal, and insurance, it is our goal to empower our clients with education to help them enjoy fulfilling lives throughout the various stages of retirement.
We firmly believe in the use of financial capital in its various forms – investments, real estate, and insurance - as a tool to capitalize on our greatest gifts – time, family and the practice of living well.
