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We need to learn more about you and your health to know you better.
A quick look at your finances including assets, liabilities, liquidity, income and cash flow.
Let's see how your well your set up to help fund the guaranteed income you want.
Can current resources and risk levels support your retirement expectations.
You’ve spent years preparing and saving for your retirement. But what happens when regular paychecks stop coming? You’ll have to find a way to make sure you can always pay your bills. We’ll analyze your financial resources to better understand your ability to retire & better determine if your assets are deployed appropriately. To start, it’s important to know what you spend today. There are two types of expenses we encourage you to focus on, essential and lifestyle.
Essential expenses are for your basic needs which include food, shelter, transportation and medical care. We suggest establishing a “Guaranteed Income Floor” and covering this amount with predictable income sources (social security, pensions and annuities). Next are lifestyle expenses which include entertainment, travel and hobbies. It’s typical to cover these expenses using less predictable asset sources such as savings and investments. So, if you’re ready…let’s get started.
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
Earning money is only half the equation. Saving and investing enough while effectively putting your money to work for you is vital to establishing a comfortable financial future. A sound first step towards developing your plan is one that considers all potential resources available. Next, we’ll examine how those resources support what you want for income and liquidity, while protecting your long-term financial security. Answering the questions below will bring us closer to offering an opinion based upon a clear set of relevant facts.
Pensions are uncommon in today's retirement landscape. Only 1 in 8 private sector workers have a pension available.
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
A recent study (graphic below) suggests that the amount of “Replacement Income” you should have in retirement is relative to your household income while working. Based upon the information you have provided and statistically speaking, the orange bar in the graph below suggests the minimum level of income you should consider replacing. Caution: If you expect to have an active lifestyle in retirement, you can customize that amount up to 120% of “Household Income”.
Now it’s time to determine what percentage of your “Replacement Income” will cover your essential expenses (we suggest starting at 80%). This “Guaranteed Income” amount should come from predictable sources that bare no risk and are definitively reliable. The next step will estimate how close you are to meeting your goal.
Source: Aon Hewitt "The Real Deal: 2012 Retirement Income Adequacy at Large Companies" study.
Your household Guaranteed Income Goal is per month. By comparing this goal with your actual total Guaranteed Income per month, we can identify a potential income .
Now, let's visualize your Guaranteed Income. This graph shows your total Social Security and Pension income as a function of time. The Guaranteed Income Goal is represented by either a green line (surplus) or a red line (gap). If the blue line (your estimated actual income) is less than your Goal, you have an income gap. If the blue line is above, you have a surplus.
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.
After the market crash of 2008, Americans lost a cumulative $2.8 trillion in the value of their employer retirement plans and IRA accounts.2
This is an important step for two reasons. First, your balance sheet is a good benchmark of what you have been doing in the past. Based on your age and your resources, we can often make educated assumptions about your past spending, saving, and investing patterns. Second, is the big question, have you saved enough to replace the income you want in retirement. We'll explore that in our next step when you decide how much to replace, as well as what percentage should be guaranteed to cover your essential expenses.