As you begin to look toward your next chapter it’s perfectly natural to feel both excitement and trepidation. “Can I afford to retire?” “will I run out of money?” “What will I do with my time?” We commonly hear these questions, and we are ready to help you find the answers.
We have over 100 years of collective experience helping people plan for retirement. We’ll help you to:
4-part series answering key questions about building your plan, positioning your investments, and more.
Comprehensive retirement planning requires a deeper look into all the areas of your finances, so you can make the important decisions with confidence. We’ll help you work through them all. By bringing each issue into clear view and creating manageable action steps, we’ll address all the aspects of your retirement planning together.
You may begin making catch-up contributions to your IRAs and employer retirement accounts in the year you turn age 50.
You should learn more about long-term care insurance and if it makes sense for you. Please contact us to discuss your long term care insurance options.
You may begin making catch-up contributions to your Health Savings Account in the year you turn age 55.
Distributions from all IRAs ad employer retirement plans are no longer subject to a 10% early withdrawal penalty.
You may begin receiving Social Security benefits at a permanently reduced rate. Before starting Social Security benefits, let us help you develop the best strategy available to you.
You should enroll for Medicare during the seven month initial enrollment period to avoid penalties. This period includes the three months before your birthday month, your birthday month, and the three months after your birthday month. Please contact us to discuss your Medicare options.
You may begin receiving your full Social Security benefits or you may choose to delay them and receive a projected increase in future benefits. Please contact us to confirm your Social Security strategy has not changed.
If you have delayed taking Social Security benefits, you should apply for your benefits to begin at age 70. There is no advantage to further delay.
You must begin taking Required Minimum Distributions from your retirement accounts in the year you turn age 73* (unless you are an active employee and not a 5% owner). Failure to take these distributions can result in large penalties.
*Age 75 if you were born 1960 and later.
