Retirement Planning
You’ve spent a lot of time planning the education, skills training, and professional designations that you have acquired. You may have also spent a significant amount of time planning your career, and strategizing every career move so you progress to the top of the ladder in your field.
But in all your planning, have you remembered to plan for life after work?
The Importance of Retirement Planning
Everything you do – from starting a career, managing your career progression, and acquiring additional training – is done in the hopes that you and your loved ones can have a better life. But if you fail to plan for life after work, all the effort you’ve put into your working life may be jeopardized, and you may be left with more questions than answers.
What will retirement look like? Am I spending too much? What if I’m not saving enough? How frequently should I be saving? Could I run out of money in retirement? Am I investing in the right places? How much will I need in retirement? Will Government and Employer pension plans cover me through retirement?
If you don’t plan for retirement, you’ll never be able to prepare for it. And an ill-prepared retirement is bound to be one filled with financial stress and chaos, instead of life-enriching experiences and freedom.
How We Can Help
Retirement planning shouldn’t start at retirement; it should start well before. We take a long-term view at your financial wellbeing to help create a life after work that is as well-planned as your life while working. In our retirement planning process, we:
- Understand your goals: Through an intensely personalized approach, we discover what your retirement goals are. Whether it’s travel, a new hobby, or spending more time with the people you love, we’ll help you strive for your ideal retirement.
- Personalize your retirement strategy: Our approach centers around four pillars: helping you work towards your financial goals prior to retirement, planning for sufficient income during retirement, creating a plan to hedge against potential catastrophes, and planning for your legacy.
- Analyze your current position: To plan a meaningful retirement, you need to know where you currently stand. We’ll help you build an in-depth financial inventory to use as part of our retirement planning process.
- Develop your plan: Remember all those questions you had on your mind – largely unanswered? We’ll work with you to create a retirement plan that aims to address them. When we’re done, you’ll not only have a better understanding of your investments, and what you need to fund your retirement lifestyle, but you’ll be better equipped to handle any shortfalls.
- Implement your plan: As you move closer to retirement, we’ll work with you to ensure the plans are implemented in a phased and orderly manner. The goal of our retirement planning approach is to make your transition to retirement as seamless and stress-free as possible.
- Support you in pension and benefit decisions: We’ll be here if you need advice on Government or Employer pension and benefits: when to apply, how to apply, what to do with your funds, and much more.
- Partner with you in retirement and beyond: A long and fulfilling retirement takes multiple facets of your financial picture into consideration: health care, long-term care, insurance, legacy planning, and charitable giving. Our financial professionals will be here for you when you need advice in any of these areas.
- Provide ongoing reviews: We’ll continue to monitor and review your retirement plans, and consult with you about any changes or updates needed to address your evolving retirement lifestyle needs.
Ready to take the first step in creating your plan for life after work? Get in touch with one of our financial professionals today!