Looking out over the horizon.
One of the greatest challenges facing Americans is the need to save enough for a financially secure future. It is important to be proactive and realistic in determining your retirement income needs, because a longer and more active retirement requires greater financial resources. People are living longer and that means your money has to “live longer” too.
A good way to plan for retirement is to put the right combination of savings and other investments to work for you. Let us help you to design a retirement plan that fits your life or, if you wish, get a second opinion on your investment portfolio or retirement savings plan (Click to view a plan comparison and portability matrix). Our financial representatives are available to meet with you for a complimentary, no obligation consultation. We have the experience, knowledge and resources to review alternatives and design a personal financial plan to help address your specific needs, time frame and goals, so you can enjoy retirement!
A vision of serene afternoons, leisurely vacations, and time spent with family and hobbies is reason enough to start saving for retirement. It is never too early or too late to develop a retirement plan. With careful planning you increase your chances of being able to live the way you choose.
Nearing Retirement? Asset Distribution — A Consideration for Retirees
If you are nearing retirement, one of the decisions you will need to make is how you will withdraw the retirement funds you have accumulated. Careful consideration must be given to the distribution option chosen as the choice can affect the tax consequences of the distribution and its integration with your Social Security benefits. It is also important to pay close attention to your income requirements and inflation; specifically, the effects inflation can have on your future purchasing power.
With all the implications distribution options can have, working with a competent and knowledgeable financial advisor is key. At Northwest Financial Advisors, our advisors will review all of your retirement benefit information (account statements, communication from your employer, etc.) to determine the suitable distribution options available to you, and whether any of your assets are eligible for favorable tax treatment.