Retirement Planning For

After working in education for over 30 years, Diane began thinking about retirement. 

Even though she enjoyed her career as a teacher, the passion was simply no longer there. She was ready to spend more time with her grandchildren, travel more, & have the time to pursue the things she had become more passionate about. 

After all, Diane consistently saved into her in retirement accounts throughout her career, knew she would receive an INPRS Pension, & was fairly confident that she could generate enough retirement income to satisfy all of her retirement goals. 

The Challenge

Diane craved clarity & she had more questions than answers: 

• How much monthly income will my INPRS Pension actually generate each month? 
• What will my future Social Security benefit be & when should I begin collecting? 
• How are my retirement accounts invested, how can I consolidate these accounts to simplify things, & what is the best way to use this money now that I am thinking about retiring? 
• If I retire before 65, how much will I have to pay for health insurance? 

She knew that seeking help from a professional who specialized in working with individuals just like her was the right choice to ease her mind & create a plan that truly worked for her family. 

The Solution

With expert retirement help, Diane was able to: 

• Understand how much monthly income her INPRS Pension would generate & how much her spouse would receive in the event she passed before him. 
• Wrap her head around the complexity of the Social Security system & get an idea of the best-claiming strategy for her unique situation. 
• Combine & simplify her retirement investment accounts while ensuring these dollars were invested in a way that aligned with her retirement income goals. 
• Received a detailed break-down of her estimated health insurance cost prior to turning age 65. 

With a plan in place, Diane now knows that retirement is in sight & she can fully embrace her role as a grandparent.  

Tom & Jamie knew they were a year or two away from retirement & are excited for what their future holds. 

They spent less than they made, were disciplined savers into their 401k, & have accumulated a retirement nest egg of over $500,000. 

They know the stakes are high as they plan to transition into their next phase of life & begin to generate an income from their retirement savings. 

The Challenge

Tom & Jamie both knew that investing throughout retirement required a different approach compared to investing for retirement & they weren't quite sure how to make that transition to safely create a retirement paycheck that they would not outlive.

They had questions: 

• How much income can our portfolio safely generate without the risk of running out of money? 
• What happens if we experience a 2008 type stock market crash within our first few years of retirement? 
• Should we claim Social Security upon retirement or delay & take larger portfolio withdrawals during our initial retirement years to increase our Social Security benefit? 
• Now that we are approaching retirement, what tax strategies are available for us to utilize to avoid overpaying Uncle Sam? 

The Solution

With expert retirement help, Tom & Jamie were able to:

• Understand how much retirement income their portfolio could safely generate while reducing the risk of running out of money. 
• Create a retirement investment plan that gives them confidence throughout all market cycles. 
• Become crystal clear on the role Social Security played in their retirement income & understand what claiming strategies made the most sense for them.
• Get an idea of how much taxes they will pay during retirement, how that will impact their retirement take-home pay, & identify tax strategies that can be used to lower their lifetime tax bill. 

With a plan in place, Tom & Jamie now have clarity on what the transition into retirement will look like & they can now focus on the exciting things they will do within the coming years.