Planning for Retirement

Jack and Rebecca have adult children who are raising families of their own in the Austin, TX metro area. Spending their retirement years making memories with their family is a top priority.

As they approach retirement and aren’t eligible for Medicare, they need to make important decisions about healthcare coverage.

They also have a strong desire to give back to organizations that support their local community. 

Their retirement assets include a living trust, 401(k) plans, IRAs, and Jack’s deferred compensation plan..

One of their key questions is when to begin claiming Social Security. While some of their friends started benefits at age 62, Jack and Rebecca want to be confident they’re making the most of their lifetime benefits.

Now that retirement is near, they’re unsure which decisions are in their best interest. They value guidance and peace of mind from a fiduciary financial advisor.

Jack and Rebecca weren’t sure where to start, so they reached out to Safe Landing Financial (SLF) for a complimentary introduction meeting to begin planning for retirement. As a trusted advisor, SLF starts every relationship by asking thoughtful questions and listening closely to understand each client’s unique financial situation. Here is how SLF helped Jack and Rebecca reach financial peace of mind.

SLF gave Jack and Rebecca the confidence to retire by helping them visualize and discuss a customized financial plan tailored to their goals.

Here are some of the ways SLF helped Jack and Rebecca plan for a secure and fulfilling retirement:

• Account Consolidation: SLF gathered information from retirement and investment accounts held at multiple firms and consolidated accounts where appropriate to simplify their financial picture.
• Scenario Planning: SLF stress-tested retirement scenarios for staying in Southern California versus relocating to the Austin, Texas area. These models also included different options for Jack’s deferred compensation plan and helped assess the likelihood of their funds lasting throughout retirement.
• Investment Strategy: SLF developed an investment plan aligned with their goals and risk tolerance. With SLF now managing the portfolio, investment fees were reduced, and Jack and Rebecca have a disciplined asset allocation and rebalancing strategy in place.
• Tax Planning: SLF evaluated Jack’s deferred compensation plan, Roth conversion opportunities, charitable giving strategies, Social Security timing, and retirement income distributions to help minimize taxes.
• Healthcare Planning: SLF helped Jack and Rebecca develop a healthcare strategy to bridge the gap to Medicare and plan for future medical needs in retirement.
• Long-Term Care Strategy: SLF guided Jack and Rebecca through selecting a long-term care approach that protects both their quality of life and their financial legacy. With a long-term care strategy in place, they won’t need to rely on their children for support later in life.
• Professional Coordination: SLF collaborated with their CPA, estate planning attorney, and insurance agent. This ongoing collaboration ensures the financial plan remains aligned with changing laws and that no important details are overlooked.

With their financial life organized and a clear plan in place, Jack and Rebecca now have peace of mind. They feel ready to enjoy their retirement years without the constant worry of running out of money.

2025 Important Planning Numbers (free PDF resource)

How Far Could $1 MILLION Go in Retirement?

Forbes: The 9 Keys To A Happy Retirement

Business Insider: How Much Money You Need to Retire at Every Age and Comfortably Live on Investment Income

The Balance: How to Retire Early and Manage Your Health Care Costs

Disclosure: The above planning for retirement case study is hypothetical and does not involve an actual Safe Landing Financial client. No part of this content should be taken as a guarantee that their household will experience similar results if Safe Landing Financial is chosen to provide financial planning services.