892 East Brighton Avenue
When you think about your retirement, your main focus may be on whether or not you have enough money to retire. In fact, that is the first thing people ask us when they come into our Syracuse, New York office. While that is a large focus in your retirement planning, there are many other pieces to the puzzle you may not be aware of.
“It’s not just your finances we’re planning, it’s the quality of the rest of your life.” – Harold Evensky
Do your assets tell you that you have enough income to live the way you want to live?
Are you mentally and emotionally ready? What will you fill your time with? Do you have a social circle? Will you volunteer, work part-time or babysit grandchildren?
In the 5 years preceding retirement if you experience a sequence of poor returns, it may be very difficult for your portfolio to rebound with a decreasing timeline. Too much risk too close to retirement can lead to a reduced lifetime income.
Timing risk begins the day you retire and lasts for about 5 years. If you are drawing income from your portfolio and the market goes down, it could have a big effect on the longevity of your portfolio.
There are still taxes involved with everything that your retirement plan includes; your social security, investments, etc. We want you to pay as little tax as possible.
We are goal-driven. Our goal is to help our clients think clearly, manage their emotions, and make great and intelligent decisions when it comes to their retirement. Retirement planning is not a one-size-fits-all.
In order to retire successfully, you need to have a plan. What will you do? Will you work part-time? Will you volunteer? Do you plan on moving away from Syracuse, NY or the surrounding areas? What will be your reason for getting up in the morning?
Let us take the stress out of your retirement planning. We are goal-driven. Our goal is to help our clients think clearly, manage their emotions, and make great and intelligent decisions when it comes to their retirement. Retirement planning is not a one-size-fits-all.