Are you thinking about retirement in the next few years or sooner? Feeling prepared for such a major life transition could help you manage the stress and even look forward to this exciting time. This checklist covers 32 important planning issues to identify and consider for anyone who is about to retire. We’ll look at:
Although retirement should be a priority throughout your lifetime, when children leave the house, financial priorities tend to become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning potential and fast approaching peak savings as you lay the groundwork for retirement. During this final leg toward retirement, and throughout your retirement years, wealth protection is critical.
The preservation of your assets may not be solely a function of your financial planning and investment strategy but may also include a comprehensive insurance approach to protect you against an array of financial risks, most especially health care.
In addition to wealth protection, you may also now be seriously contemplating a number of important estate and legacy objectives.
By Jessica Searcy Kmetty
I KNOW how to work out. I KNOW how to play tennis and lift weights. I KNOW how to run a business.
Knowing isn’t enough.
Ask the millions of people who are struggling with any number of issues and chances are they could rattle off 5-10 things they KNOW would change their situation for the better. And if you ask them how many of those 5-10 things they’re doing, the answer might be ZERO.
Knowing isn’t enough.
The start of a new year is a great time for a financial check-up and to consider the various factors influencing your financial planning. In addition to reflecting on the prior year, many are motivated in January to consider making financial resolutions for the future.
By Marc C. Shaffer
With a few short days left in my 30s, I’ve been reflecting on the choices young adults make in their 20s and 30s that can either set them up for success in their mid-life decades or could potentially set them up for failure. Here are a few potential mistakes I would talk about with people in this age group.
Covering topics including personal and financial goals, financial freedom (retirement) planning, estate and asset conservation, insurance and tax needs to deliver a financial plan to help you acquire, grow and preserve your wealth.
Discussing investment strategies to acquire, grow and preserve wealth, risk, investment goals, asset allocation and portfolio management (which includes securities selection, trading, performance monitoring and responding to changes in the markets and the economy.)
Discussing topics of concern to physicians and medical professionals, including debt management, contract negotiations, asset protection, succession planning for your practice, insurance needs, and other professional and financial challenges.
Multi-generational families face financial concerns coming from different viewpoints and backgrounds, including wealth transfer, family foundation planning, and continuity while addressing emotional and psychological perspectives of family members.
We help you identify your specific retirement goals and develop a plan and strategy that can help you achieve them.
By understanding what a successful retirement plan looks like to you and your company, we will help you assess your goals to keep your retirement plan on track to benefit your business and employees. The heavy-lifting of the plan management becomes our responsibility, leaving you free to focus on the management of your business.
We are committed to quality, support, and ethical business practices so that our Overland Park firm will be your choice for financial advisement.
Searcy Financial helps clients choose an appropriate claiming strategy while addressing life changes, such as divorce and its effect on Social Security.
Addressing the issues and confusion associated with giving care to individuals with special needs, including understanding the prognosis, financial planning, navigating Special Needs Trusts, and asset protection.
Discussing books, new and old, and why we find them valuable.
Discussing issues related to engagements, marriage, divorce and remarriage.
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