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Mid to Late Career or Already in Retirement

It's Important to Understand the Stages of the Financial Planning Life Cycle

Mid to Late Career is Your Preserving & Increasing Wealth Stage
Already in Retirement is Your Living on Saved Wealth Stage

These Stages are Closely Linked and Must be Considered Together

Although these are two distinct stages, we believe that they must be considered together when planning for a financially successful retirement.  In your Mid to Late Career we're focused on preserving and increasing your wealth, and we're planning how to create a continuing income stream for your Retirement when you are living on your saved wealth.

If you plan and execute effectively in your Mid to Late Career, you may have the option to retire at an earlier age than you may have thought!  This option gives you the choice to retire, keep working, pursue a passion project or even start a business that suits your retirement lifestyle.

Things You Should Consider in These Stages

  • Implement investment strategies that buffer losses while allowing for upside growth
  • Implement investment strategies that will create income streams for your retirement
  • Use tax efficient investment strategies
  • Consider rolling your employer sponsored retirement plan into your IRA
  • If you have a pension, decide if you want monthly pension payments or a lump sum rollover into your IRA
  • If you have kids going to college, how will paying for their education impact your retirement?
  • Do you plan to start a business?
  • Optimize your Social Security income
  • What are your retirement living expenses?  Remember to plan for the fun stuff like travel, entertainment dining out, leisure and family events
  • What is your debt plan for your retirement?  Do you want no debt or some debt?
  • Keep your estate plan and will or trust up to date
  • Review your life insurance strategy
  • Do you want to create a plan to give to charities during your lifetime and beyond?


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