Retirement Planning The goal of retirement income planning is very simple: to increase the probability that your family will not run out of money after you stop working at your full time job – in other words, that you will be able to fund your basic living and discretionary expenses – and, should you desire, be able to finance any specific consumption goals or support for your extended family or community. To achieve this goal, we work with you to help: Eliminate obstacles that might force you to have to go back to work after you retire Maintain your retirement standard of living even as inflation reduces purchasing power Prevent income taxes from reducing your retirement income Maintain sufficient income for your spouse in the event you predecease him or her Minimize the effects that market volatility will have on your retirement income Generate a long term care plan to reduce the burden on children and diminish the impact that the high costs of care will have on retirement income Create enough resources to ensure that your family can obtain sufficient health care Understand the best time to start social security payments, the impact that working while taking payments has and how to minimize income taxes on benefits Potentially optimize your pension income (if any) by knowing when to start payments and what payout option to choose. Financial independence during retirement is a goal that many of us desire but rarely plan for adequately. We can estimate what you need to maintain your current lifestyle at retirement. Any company-sponsored retirement plans, individual retirement accounts, savings accounts, and other sources of income are evaluated. Then, an effective, step-by-step strategy is determined, taking advantage of current tax laws and suitable investment vehicles. Creating a strategy can help set the stage for a comfortable retirement.