PLANNING DURING RETIREMENT

With their adult children raising families of their own in Los Angeles and Philadelphia, it’s important to Jack and Rebecca to spend retirement years making memories with their family.

Jack and Rebecca are currently in the last month of their company’s health care plan and need to make decisions for healthcare prior to reaching Medicare.

Jack and Rebecca wish to give back to organizations that help take care of their community. 

Jack and Rebecca’s retirement funds include their living trust, 401(k)s, IRAs, and Jack’s company pension plan.

Jack and Rebecca need help determining when to start SS. While some of their friends claimed Social Security at age 62, Jack and Rebecca recently learned that only 4% of retirees claim Social Security at the financially optimal time¹.

With retirement just beginning, Jack and Rebecca are not sure which decisions are best to make. They value 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 plan during retirement. As a trusted advisor, SLF starts every new relationship by asking questions and listening to understand their unique financial situation. Here is how SLF helped Jack and Rebecca reach financial peace of mind.

SLF provides Jack and Rebecca with confidence in reaching their goals from visualizing and having conversations regarding their customized financial plan. 

Here are some ways SLF helps Jack and Rebecca to reach their financial goals:

• SLF compiles information for retirement and investment accounts held at multiple firms and consolidates accounts.
• SLF stress-tests scenarios for how to approach Jack’s pension retiring at different ages to show a high probability of success for funds lasting throughout Jack and Rebecca’s lifetime.
• SLF determines an appropriate investment strategy based on Jack and Rebecca’s financial goals and risk tolerance. Investment fees have been reduced with SLF now managing investments. Jack and Rebecca now have an asset allocation and rebalancing strategy tracking to their goals.
• SLF minimizes their taxes by evaluating Jack’s pension, Roth conversions, charitable contributions, Social Security, and retirement income distribution.
• SLF works directly with Jack and Rebecca’s CPA, estate planning attorney and insurance agent. By holding an open line of communication, SLF stays aware of changes to laws and helps to fill any potential planning gaps to make sure they’re taken care of.
• SLF helps Jack and Rebecca find an appropriate long-term care strategy to make sure their quality of life and hard-earned financial assets is protected.
• SLF helps Jack and Rebecca strategize their healthcare strategy to get to Medicare and beyond.

Jack and Rebecca have financial peace of mind knowing their financial plan is organized. They can enjoy their lifestyle without worrying about funds running out.

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Disclosure: The above planning in 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.

¹: https://unitedincome.capitalone.com/library/the-retirement-solution-hiding-in-plain-sight