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A custom retirement plan built just for you!
Like financial planning, retirement planning must understand your financial goals; knowing when you will need to use your money, and what you will be using it for.
In addition, retirement planning must have a clear understanding that the financial assets you are accumulating, as well as other resources you have such as pensions, Social Security, part-time work, home equity, etc., are all pieces of a puzzle that must be put together in a way that will result in reliable monthly paychecks once you are retired. This requires an in-depth knowledge of taxes, Social Security and retirement plan rules; knowledge often requires years of experience and training to accumulate.
What Type of Retirement Planning Advice Can Blue Chip Macro Offer?
- When to take Social Security benefits in a way that is best for you
- What pension distribution choices are right for you
- If an annuity is a suitable investment for you
- Which accounts to take withdrawals from each year, and in what amounts, to minimize the retirement taxes you will pay
- What amount of retirement income you could reasonably expect to have
- What withdrawal rate is appropriate when taking money from a traditional portfolio
- How much of your money should be in guaranteed investments
- What types of taxable income your investments will generate
- How you can rearrange investments to reduce taxable income in retirement
- Whether you should leave your money in your company plan or roll it into an IRA account
- If you should pay off your mortgage prior to or during retirement
- If a reverse mortgage is a good option for you
- If you need long-term care insurance
- Whether you should keep your life insurance policies or not
At Blue Chip Macro, we only made retirement planning recommendations until after we understand your expected time horizon, your level of experience with investments, your goals, your tolerance for investment risk, your need for guaranteed income, and a thorough understanding of all your current resources such as assets, liabilities, and current and future sources of income.