RETIREMENT PLANNING The combined power of time and compound interest can make a difference in what resources you have available at your retirement. Retirement planning isn’t just about what happens at retirement, it’s also about what happens before retirement, everything from the savings you build to navigating the plans your employer may offer. We believe that retirement planning should begin as soon as you start working. There is never a wrong time to start a plan and save. Together, we develop a retirement plan that will carry you through all stages of your life. AT THE CROSSROADSBy age 50-60, retirement for most people lies just over the horizon. This is a critical crossroad. You need to begin preparing and will require that you make many significant decisions. Most employer-sponsored plans give you many payout choices which means many complicated decisions. One choice may be the decision of whether to receive regular monthly disbursements or a lump-sum payout. This decision may be one of the most important choices you make, given the potential tax and wealth implications. Another important choice to discuss might be whether you keep your savings plan or 401(k) with your employer or make use of an individual retirement account. As your financial advisors, we want to help you prepare you to weigh these decisions, offering a candid and concise discussion of the benefits and risks associated with these various routes. We can work with you to help you decide which option makes sense for you, help you structure and invest your retirement in a way that helps to protect your hard-earned savings from taxes and short-term market volatility.As retirement draws near, we work with you to design the optimal strategy for converting your retirement savings into retirement income, while ensuring that you don’t outlive your resources. We can help you consolidate your retirement savings and simplify your distributions. By structuring and investing your retirement assets in a way that provides maximum income and best protects you from any unnecessary taxes or market volatility.