Plan to Retire
We all want to retire well, but few actually do, what stands between you and retirement? Time is your friend only if you start saving early and consistently but, what if that didn’t happen what can you do now? You need to have a plan, you need to know how you can retire. If you wait for someone to tell you it may be too late.
If retirement is important to you then you should spend a little time finding out what your retirement plan looks like now and what it could look like with a few changes! The sooner you do the more time you have to make adjustments.
The elements of our plan include Savings, Income, Lump Sum Income and part time Work Income during retirement. See the snap shots of the product below:
You can plan for all your Retirement Savings including your Annuities and (Traditional or Roth) IRA’s,401K’s, SEP’s or 403B’s.
This where you plan and manage your retirement savings.
You can plan for all your Retirement Income including your Pension(s), Social Security, Annuities or a Reverse Mortgage.
This is where you plan and manage your retirement income.
You can plan for Lump Sums like life insurance, an inheritance you may have coming or for income from selling the Family home and for part time Work Income in the early years of retirement.
This is where you plan and manage lump sum income you expect and part time work income during retirement.
You can model changes to your investments and see how you could increase your returns with our Retirement Workbench, here you can use a standard allocation model to start with and modify that allocation model to improve your returns and then save that model as a Custom Model or as the model you want to use by using My Plan.
This is where you consider investment changes, always work with a fiduciary financial planner.
Below is a snap shot of SHF Retirement Planning Factors, we use these to project your retirement picture. Think about it you can create your own plan and know how and when you can retire. Then if you get some investment advice you may be able to plan to leave an inheritance as well. We project the cost of taxes, using the current year tax tables, Taxes can be defined as Taxed, Tax Deferred or Tax Free (Taxes can be set on Savings, Income, Lump Sums and Work)
This is where you manage the planning factors that impact retirement projections.