Navigate Retirement

[difl_iconlist list_item_content_max_width=”100%” list_item_icon_size=”32px” list_item_image_width=”32px” list_item_image_height=”32px” list_item_icon_text_gap=”3px” list_item_icon_margin=”0px||||false|false” list_item_icon_padding=”|0px||0px|false|true” list_item_icon_wrapper_padding=”||||false|false” list_item_content_margin=”||||false|false” list_item_wrapper_margin=”||||false|false” list_item_wrapper_padding=”|0px|0px|0px|false|true” _builder_version=”4.26.0″ _module_preset=”default” child_content_text_font_size=”18px” child_content_text_line_height=”1.4em” custom_margin=”||54px||false|false” custom_padding=”|0px||0px|false|true” global_colors_info=”{}”][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]I know how much I will need to cover my expenses each month in retirement (80% of your current monthly budget is a solid estimate).[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]

I have estimates for how much extra I will spend each year on travel, home improvements, gifts,medical care, and other one-off expenses.

[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]I have a clear understanding of the guaranteed income I will receive from sources such as Social Security, pensions, annuities, veteran’s benefits, etc.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]I understand that as of 2023, an average retired couple age 65 may need approximately $315,000 saved for healthcare related costs.¹[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]My income strategies account for inflation (if I need$100,000 this year, I will need $186,000 in 20 years to have the same quality of life at 3% inflation).*[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]I understand all my Social Security options and ways to help optimize my guaranteed lifetime income.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]My spouse and I have coordinated our claiming strategies to help maximize our income.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]Our income strategy helps protect a surviving spouse from loss of income.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]I have adequate liquid cash on hand for emergencies and unexpected expenses so that I’m not forced to liquidate investments.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ admin_label=”List item” _builder_version=”4.26.0″ _module_preset=”default” global_colors_info=”{}”]A financial professional has looked over my income strategy to identify any problems or mistakes.[/difl_iconlistitem][/difl_iconlist]

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I have completed a risk questionnaire and understand all the risks I’m taking with my retirement savings.

[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]I understand that my investing strategy will need to change in retirement so I don’t run out of money later in life.[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]

My income strategy includes guaranteed income to help protect my lifestyle from market volatility.

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I understand “sequence-of-returns” risk and that withdrawing too much when my portfolio has lost value can have a lasting negative effect on my retirement.

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I have run multiple portfolio scenarios with different growth and inflation assumptions and am confident that my withdrawal needs are met.

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My income plan is flexible, and I’ve planned for the inevitable ups and downs of the stock market.

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A financial professional has reviewed my market plan and assumptions to identify any problems.

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I have reviewed my strategies in light of recent tax legislation to make sure I’m using every opportunity to potentially lower my taxes now and in the future.

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I understand how Taxable, Tax-Deferred, and Tax-Free wealth buckets work, and how my draw downstrategy helps maximize my after-tax income.

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I understand that Medicare and Social Security depend on the future fiscal stability of the U.S.

[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]I understand that the debt held by the U.S. is expected to reach 6.9% of GDP in 2033 and my future tax rates may increase.²[/difl_iconlistitem][difl_iconlistitem list_item_icon=”V||divi||400″ _builder_version=”4.26.0″ global_colors_info=”{}”]

I am staying abreast of changing tax rules and working with a financial professional to proactively plan for future taxes.

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