Living our retirement years securely and comfortably is everyones dream. And now because were living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Many couples now spend as much of their lives in retirement as they spent working. Achieving your dream of a secure, comfortable retirement is much easier when you plan your finances.
Through the retirement planning process, HBKS Wealth Advisors help you answer a myriad of important questions.
Our retirement planning process involves:
In developing your roadmap for retirement, we first closely examine your current financial position, including:
Once we understand your current financial position and have a thorough knowledge of your assets and income you will have available to support your retirement goal, we carefully examine your retirement need. This process involves a detailed analysis of projected expenses and various sources of income. Using conservative assumptions, we inflate expenses throughout the rest of your life expectancy to arrive at an estimated need based on your retirement goal. We compare your resources to your expected need to illustrate the probability of accomplishing a successful retirement. If there are shortages, we can assess what needs to be done to eliminate such deficiencies.
Most importantly, HBKS advisors are committed to monitoring and managing your retirement viability for the long term through varying market cycles. In ongoing client meetings, we update retirement planning schedules and projections to check progress toward the retirement goal. For retired clients, we review spending plans, income expectations and portfolio returns to gauge the sustainability of their retirement funds.