Mary and Todd Jones want to retire in two years. Online calculators suggest they can, but they want to be sure.
Establishing Priorities Through Retirement Planning
The Jones are ideal candidates for our Retirement Transition Process, to zero in on the critical details. What do they value? What will bring meaning to this next life stage? What will it take? Perhaps they’ll discover they are excited about buying an RV, to travel the country and visit Mark and Claire. They may realize Trevor could watch their home while they were away, providing the best of both worlds.
Connecting Retirement Goals with Financial Planning
Once we understood the Jones’s vision and values, we could use our financial planning software to match their goals to their savings, and establish a realistic retirement schedule. Our “What-If?” Meeting would help them imagine how their retirement might play out. We could explore various Social Security, long-term care, health insurance, and Medicare scenarios, and weigh how each might impact various outcomes. Over time, they could continue to use our interactive planning tool as fresh questions or ideas arise.
Putting the Pieces in Place
Having a collaborative partner to work with during their initial retirement years, Mary and Todd could make a confident and informed transition into retirement. By also establishing a degree of control over their personal finances, they could relax and enjoy their retirement, make new friends around the country, and remain connected with their children as well. Maybe some grandkids someday too?