Financial Planning
for Retirees
Financial Planning
for Retirees
Retirement is often seen as the finish line of financial planning. It’s a major goal that people spend decades working toward, assuming they are in fact planning ahead. As financial advisors, we help our clients plan for a financially stable retirement. However, we also understand that the need for financial advice and planning does not stop once you reach this point. Wellspring helps clients stay on track, even after they’ve stopped working.
Transitioning to and Through Retirement
Wellspring will help you before, during, and after retirement. We’ll work with you to determine your most important goals and help you maintain your standard of living post-retirement. We’ll come up with next steps based on your current financial situation and will support you every step of the way.
Financial Considerations
for Retirees
Financial Considerations for Retirees
Tax Strategies
Depending on the type of retirement accounts you have, there are likely rules and regulations you need to follow for withdrawing money. Failing to follow these can result in penalties and affect how much money you have available. Wellspring can help you understand what steps to take for your individual plan(s) and other investment accounts.
Cash Flow
It’s essential to plan your expenses carefully and be mindful of your cash flow. Wellspring can help you determine what money you have available to you and adjust your spending accordingly. We can keep you accountable and help you set reasonable goals and limits on spending, while still allowing you to enjoy your lifestyle and have money for what is most important to you.
Plan For Medical Costs
Medical costs often rise post-retirement, and Medicare may not cover everything you need. Wellspring will help you determine how much to factor in for medical expenses throughout your retirement.
Portfolio Management
Changes in market conditions can lead to emotional decision-making if you aren’t careful. At Wellspring, our plans are designed to work for you through all market conditions. This makes it easier to stay on track and puts less pressure on you.
Estate Planning
Even if you already have a will in place, working with a financial advisor post-retirement can help you sort out any loose ends or make adjustments if your situation has changed. We can help you set aside the appropriate funds to provide for loved ones and to leave money for causes that matter to you.
Plan Your Financial Future
Wellspring helps clients at all stages of life, including retirees, take control of their financial world. We help make the complex simple and provide personalized advice.
