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Retirement Anxieties

Client Centered

Are you Having Retirement Anxieties?

An interesting and relevant study was performed recently and a white paper entitled "Proactive Personality and Social Support With Pre-retirement Anxiety: Mediating Role of Subjective Career Success" 1 by various authors. A key phrase that got my attention:

"The anxiety that comes with retirement could be as a result of perceived unpreparedness and lack of self-adequacy or perceived devastation and traumatic experiences in the life of some retirees for whom the approaching retirement is unknown" 

It doesn't have to be that way!  

If you prepare and seek the advice of a financial professional, many of the negative perceptions can be minimized and possibly eliminated.  You can get a better view into what your retirement might look like!  Then perhaps we can help you alleviate some of your per-retirement anxieties.

What are some retirement anxieties that you are facing? 

How We Can Help

There are literally dozens of areas we can help with.  As we mentioned in a previous article, wealth distribution or 'de-accumulation' can be very complex and cause anxieties throughout one's retirement time horizon.

Below are just some of the common areas of concern that we see on a regular basis.  You may be experiencing some of these or some completely different.  We will work with you and your unique circumstances!

Common Client Anxieties That We See

INCOME / CASH FLOW

  • Will I have enough monthly income to support my expected lifestyle?
  • What are my Social Security claiming options?  
  • What are the portfolio distribution strategies and risks to augment my guaranteed income (Social Security, pensions, etc.)?
  • Will I be exposed to Medicare IRMAA (Income-Related Monthly Adjustment Amount)?

PORTFOLIO

  • At my expected lifestyle, when will I run out of money?  Am I invested and diversified appropriately?
  • How much can I withdraw to meet my income requirements?
  • What are my Long-Term Care (LTC) self-funding options and what’s the impact to my portfolio?

TAX

  • How do I minimize my tax obligations?
  • Should I do Roth Conversions and if so, when and how much?
  • How do I transfer wealth tax-efficiently at end of life?

RISK

  • What are the best retirement possibilities for my personal situation and what are my risks?
  • What is Sequence of Returns risk and how does it impact the timing of my retirement?
  • What is the impact of increased inflation or higher taxes on my retirement projections?

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Contact Us Today

If you believe you could benefit from working with a financial professional, let’s review yours goals to see if you’re a good match for our practice.