Retirement savings have to be turned back into income in order to fully utilize them in the support of a family’s goals and lifestyle.  Saving money is harder on the client than it is on the advisor.  However, once the nest egg is built the client’s heavy lift is over, but the advisor’s is just beginning.

The decisions associated with which types of investments to avoid, the order in which to spend down various accounts, and the expansion of the budgeting process to encompass the significant unknowns of medical and care related spending, all make the process of retirement income planning far more complicated than planning the saving side.  Most retirees do not know how much money it’s going to take to fund the life that they’ve chosen; nor if what they have saved is going to be up to the job.  Even the ones that do frequently don’t know if their asset allocation is properly suited to their goals.  We work with clients to answer these questions.  

The basic premise of this work is the simple idea that “financial decisions should support life goals.”  By helping our clients develop detailed understandings of those goals, and the probable financial impact of attaining them, we have a solid basis for assessing whether or not their money is in the right place to get the desired results.  And if it isn’t, we help them identify what to change in order to get everything in proper configuration.  Once completed, our clients have a better sense of what they will be spending money on, when it will take place, and which of their assets will be providing the funding.  Not to mention a touch of pride at having tackled an important task which most of their peers ignore and leave to chance.

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