Your Transition

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You've been looking forward to retirement for most of your working life. Maybe you've been anticipating relaxing on a beach, traveling, or writing a book. You might have great plans for your retirement, but do you have a financial plan that makes it all possible?

The Secret About Social Security

Health Care Costs in Retirement

Pinnacle Health Care Assessment

If you have not yet retired, you're probably accustomed to allocating your annual salary toward three categories: necessary expenditures, discretionary expenditures, and savings. The difficulty with retirement is that your necessary expenditures may remain unchanged; your discretionary expenditures may rise or fall; and, with no annual salary, instead of saving money, you'll be drawing on wealth that you've accumulated throughout the years. Although this cycle is natural, it is essential that we develop a plan for distributing your wealth and continuing to build your assets to
help ensure that they will last a lifetime.

As your wealth manager, it is our job to assess the feasibility of your plans for retirement and to help you live the life you've been looking forward to.

Necessary Expenditures	Discretionary Expenditures
Home payment	Entertainment (movies, theater, concerts, books, etc.)
Utilities	Dining out
Taxes	Travel
Medical care	Clothing
Insurance (health, home, LTC, auto, etc.)	Recreation
Food	Hobbies
Auto-related	Luxury items
Phone/cable/Internet	Gifting

Planning for retirement is about planning beyond your last paycheck.

Just because you no longer earn an annual salary does not mean that you have no monthly income. Instead of counting on your job for money, you will rely on two unrelated income streams: investment income and occupational income.

Occupational income

includes any of the following categories: income you continue to earn in a full-time or part-time job; your pension; a 401(k) or 403(b) plan; a profit-sharing plan; social security payments; a Keogh, SEP, SIMPLE, or TSA; or rental income.

Investment income

is comprised of dividends from equities, bond yields, bonds due, mutual fund yields, IRA required minimum distributions, income from a fixed or variable annuity, CDs, and sale of securities.

The key to a successful retirement is the ability to manage wealth after your last paycheck. Our income planning and distribution analysis help us develop a financial plan designed to last you a lifetime. The only plans you need to think about are how to best relax.

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