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Retirement Planning

Financial Insights delivers retirement advice and strategies for all phases of life — whether that retirement is in the distant future, the not-so-distant future or already is in effect. The advisory team is adept in retirement account consolidation and rollovers, employer plan elections and asset allocation, retirement cash flow projections, and retirement fund investment management.

Financial Insights’ highly experienced retirement team understands the importance of a client’s retirement goals, the uniqueness of individual circumstances and the value of one’s dreams. The team is passionate about providing advice and guidance that is realistic — and relevant — throughout the client’s retirement discovery process.

Retirement Income and Cash Needs

In anticipation of retirement, the two most commonly asked questions are: “Do I have enough money?” and “How long will it last?”

The retirement phase of life involves many factors, including:

• The retirement date
• If married, do both spouses plan on retiring at the same time
• When to take social security benefits
• Income needs during retirement
• Sources of retirement income, which could include part-time employment
• Which pension option should be selected
• Family history and life expectancy
• Maintaining a second home
• Health care costs and coverage
• Specific circumstances for each individual or couple

At retirement, a person’s desired income and expenses need to be in alignment. Nonetheless, the important issue is how and where to take the income that is needed. Retirement income can be compared to “pools of money.” Some pools, such as Social Security or a pension plan, will supply a fixed income stream. Other pools, such as an IRA, can provide a variable income stream.

Financial Insights appreciates the significance of experiencing new things and enjoying exciting adventures during retirement. Financial flexibility and security are essential in creating the freedom to achieve one’s dreams in this phase of life. Managing money in retirement is challenging. That is why it is crucial to consult the advice of a trusted and knowledgeable retirement planner. Financial Insights’ retirement team is adept at analyzing, strategizing and developing a retirement cash flow plan that works for clients.

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