Developing Your Retirement Income Strategy

Our Envision® planning process is the cornerstone of developing your retirement income plan. It helps you address key questions:

• When and how can I retire with confidence?
• How can I make my money last throughout retirement?
• Where will my income come from?
• How do I prepare for and respond to events during retirement?
• When and how should I address my legacy goals?
• We help you analyze potential expenses and income sources and review your strategy annually to stay on course.

7 Essential Retirement Planning Steps

Review Your Portfolio: Conduct regular investment checkups with us.
Maintain Emergency Savings: Keep 3-6 months of living expenses in a liquid account.
Set Appropriate Asset Allocation: Adjust your investments to align with your goals and risk tolerance.
Itemize Your Income Plan: Understand where your retirement funds will come from.
Consolidate Accounts: Simplify your financial life and keep an eye on your overall strategy.
Sell Assets Strategically: Balance tax implications with your portfolio’s allocation strategy.
Talk with Family: Ensure partners and spouses are on the same page regarding your financial portfolio.

Common Retirement Risks

Address risks such as inflation, market events, health needs, withdrawal strategy, and longevity. Understanding these challenges can help you stay on course.

Ongoing Retirement Planning

Planning for retirement is an ongoing process. Regularly review and adjust your plan to account for changes in your life and the market. Our expertise is committed to helping clients navigate their most demanding life challenges.

Next Steps

Envision Your Retirement: Think about what you hope your retirement will be.
List Income and Expenses: Write down all possible sources of income and expenses.
Review Your Portfolio: Call us if you have questions about changing your asset allocation.
Start Your Plan: Contact us to begin your personalized retirement income plan.

We serve clients in Red Bank, Rumson, Little Silver, Fair Haven, Middletown, and surrounding NJ communities, offering wealth management, retirement planning, estate planning, divorce financial analysis, IRA strategies, life insurance strategies, philanthropic planning, and more.

Schedule an annual checkup with us to review your plans, current circumstances, and portfolio. Together, we’ll discuss your choices and what works best for you.