Most people view a comfortable retirement as being one of the most important long term financial goals. Of course, achieving a financially secure retirement may mean different things to different people, and will depend on several factors including one’s lifestyle, health, and life expectancy. Knowing if you are financially “on track” to achieve your specific retirement or other objectives can not only give you peace of mind, but also provide you with an opportunity to make important adjustments along the way.
SMS’s retirement planning involves a several step, interactive process that entails (i) understanding each client’s specific goals, (ii) identifying the resources from which to achieve those goals, (iii) determining the likelihood of attaining those goals, and finally, (iv) making recommendations and providing a realistic plan for increasing the probability of success.
Our planning process also includes identifying strategies for optimizing social security benefits as well as how to best utilize (both contributing to and withdrawing from) various retirement plans, and other tax-advantaged long term savings vehicles to lower your overall tax burden.