Retirement Planning

Each Wealth Advisor, located in Jacksonville, FL, prepares clients for a comfortable future 

Our private wealth management business provides each client with a personal Wealth Advisor who will create investment strategies and asset allocation for short- and long-term retirement planning. As part of your retirement plan, we consider all financial circumstances as we manage and prepare for the tax implications of the retirement plan. 

To keep sustaining the pool of retirement  assets:

  • We suggest not withdrawing more than 3-5% annually, which suggests a retiree needs 20 to 30 times the annual income desired from the pool of assets
    • For example, if you need $100,000 annually and received $30,000 from Social Security, that leaves $70,000 to provide from other sources – or a pool of $1.4m to $2.1m
  • However, objectives differ
    • If you’re behind in retirement planning, we can help you develop a plan to get back on track

Together, we revisit the plan periodically to measure progress with the goal in mind for you to enjoy a comfortable retirement ultimately. 

Your Asset Manager balances retirement assets as part of your investment strategy

Your Wealth Advisor or Asset Manager balances retirement assets through the accumulation phase as well as through retirement. Sometimes instinct during retirement is to play it ultrasafe by rolling funds into CDs and other “safe” fixed-income assets. You know what the current returns are on these safe investments. They may not be enough to sustain the asset base for as long as you need it to have the quality of life you desire through retirement. Depending on this asset base for livelihood, safety, and stability, the challenge is to design a plan to earn sufficient returns to maintain an adequate income for as long as 25 years or more. So, investment allocation is part of the overlay of protection of your investment strategy. We invite you to learn more about investing in today’s environment by going to our FAQ section.

Let us help you begin financial planning for a comfortable retirement today!

Managing assets through your retirement.

Just as important as developing a retirement plan is to create a strategy to manage retirement assets, not only through the accumulation phase, but also through retirement itself.  

Sometimes the instinct during retirement is to play it ultrasafe, perhaps rolling funds into CDs and other “safe” fixed income assets. No one has to tell you what the current returns are on these safe investments.  These returns may not be enough to sustain the asset base for as long as needed.

As one depends on their asset base for their livelihood, safety and stability become more important. So the challenge becomes how to provide that safety and still earn sufficient returns to maintain a sufficient income for as long as 25 years or more.  Part of the answer is in the investment allocation and part is in the overlay of protection as part of the investing strategy.  To learn more about investing in today’s low interest environment, go to our FAQ section or click here.

How Much Money do I need to retire?

An important question for investors saving for their retirement is how much is needed to provide a reliable stream of income?

Each situation is unique but some rules of thumb can be used to guide you.  To keep sustaining the pool of retirement assets, one should not withdraw more than 3-5% annually.  

Using these parameters, a retiree needs 20 to 30 times the annual income desired from the pool of assets.  For example, if you need $100,000 annually and receive $30,000 from Social Security, that leaves $70,000 to provide from other sources. Using the multiple factor suggests that they will need approximately $1,400,000 to $2,100,000, but can change for any number of circumstances. If keeping the asset base in place is not an objective, then the need will not be as large.

We understand that it is also possible that you may be behind in your retirement planning. We can help you develop a plan to get back on track.

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Help me plan for my retirement.

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