Time in Matters
- Money takes time to grow, the earlier you start the better—aim to save 15% of your income.
- Set financial goals, use a budgeting tool, and monitor progress—you will feel more in control.
- Adjust as income grows—don’t let lifestyle inflation eat your progress. Assess goal feasibility based on savings rate and time horizons.
Invest & Diversify
- Invest with a long-term time horizon and avoid temptations to "time the market."
- Take advantage of your employer's match inside your retirement account. Discover if you have a Roth 401k option.
- Diversify your investment portfolio—build in tax-efficient vehicles, asset allocation models, and use professional guidance to limit guess work.
Manage Debt
- Start an emergency fund— six to twelve months of expenses is ideal.
- Prioritize retirement contributions and savings while managing debt. This helps the "Time in Matters" theory.
- Consider refinancing or consolidation for high interest debt. Implement debt mitigation strategies. Manage cash flow and limit unnecessary spending.
Are You Prepared?
Consider max retirement contributions, align investments with your timeline, and stress test your portfolio for resilience, including hedges for inflation.
Are your estate documents—simple wills, testamentary trusts, joint wills, and living wills up to date? Evaluate the potential impact of a long-term care event on your portfolio.
We help address the items above and more so you can move forward knowing the future is truly yours to enjoy. We offer complimentary initial consultations.
It's a New Chapter
- You're ready for freedom, purpose, and possibility. Whether you're traveling, giving back, or spending time with loved ones—it's your time.
- Having a comprehensive financial strategy that supports your retirement goals is key. Start by reviewing your insurance portfolio—figure out what to keep and what to add.
- Then organize income sources and assets, build a lifestyle-based budget, and review/ update estate documents—including beneficiaries and accurate account titling.
Seamless Transition
- Determine how, when, and which assets to draw from—including Social Security to support your income needs in retirement.
- Evaluate your tax bracket and make moves to minimize taxes over time—be mindful of Required Minimum Distributions (RMD's)—missing these can incur tax penalties.
- Plan for healthcare expenses, and apply for Medicare by age 65. Consider professional guidance to support confident decision-making.
Enjoy Your Time
- Explore strategies to reduce the risk of outliving your lifestyle or legacy goals— including taking a closer look at income annuities, bond ladders, and dividend paying stocks.
- Retirement isn’t about slowing down—it’s about showing up for what matters most in your life and making a lasting impact on your people and causes.
- Let us do the heavy lifting so you can enjoy retirement with clarity and confidence. Your initial consultation with WealthEase is complimentary.
Connect Often With Your Plan
Your strategy doesn't end here— watch for unexpected challenges and surprise events. Schedule regular reviews and check-ins with your financial team. Establish trusted systems to help identify fraud, cognitive decline, unusual decision-making, and review estate documents and beneficiaries often.
Critical Risk Factors
• Advanced Medical Costs
• Managing Market Volatility
• Navigating a Recession
• Withdrawal Rates and RMD's
• Inflation and Longevity Risk
• Changing Tax Codes