Retirement Planning

Your Guide on the Path to Financial Freedom

How do you envision your own retirement? Travel? Start a business? Volunteer in the community? Spend time with the grandchildren? Maybe you enjoy the challenge of work and envision yourself continuing to work during retirement. Many of our clients simply want to keep all their options open. They want to work if and when they wish, doing something they enjoy doing. They also want the option to not work so that they can pursue lifelong interests or spend more time with their loved ones. Financial freedom gives you the ability to make these decisions. Like many people, preparing for financial freedom is likely to be your top financial planning goal. 

True financial freedom is not something that can be achieved by most people without careful planning. We're living longer today than ever before, and most of us look forward to a long and active retirement. At the same time, the responsibility for providing a comfortable retirement is shifting from employers and the government to individual investors, a situation that provides both challenges and opportunities. 
For most of us, financial freedom will be achieved through our own disciplined strategy of savings and investment. The surest path to follow is to start saving early and consistently and invest wisely. This path allows assets to grow with time into the nest egg you will need to fund the lifestyle you desire. Of course, many people start planning for retirement later than they should. This makes the goal more difficult to achieve, but with careful planning, it is still possible. At Commonwealth, we can help determine how much money you need to realize the retirement you desire and develop catch-up strategies for savings and investment.

When it comes to planning for retirement, you probably have numerous questions:

  • How much will I need to live on?
  • What's better for me: a lump sum pension distribution or monthly annuity?
  • How can I deal with increasing health care costs and decreasing coverage?
  • When should I start collecting social security?
  • How much can I safely withdraw from my savings and investments?

The advisors at Commonwealth are experts at answering these questions and others specific to your situation and in providing retirement planning that helps you reach your goals. We can work with you to put the strategies into place to help you pursue the lifestyle of independence that you have dreamed of.

Increasing Your Probability of Success
These days, retirement is a 30-year process—or perhaps longer. If there's one thing we can guarantee you today, it's that conditions will change over the years. That's why we customize plans that are flexible enough to accommodate changes to your life circumstances. A successful retirement should include preparing and maintaining a comprehensive financial plan encompassing all your financial needs, risks, and options.

If your goal is to reach a point where retirement is affordable and work is optional, we can help you pursue it.

Retirement Planning Services
Some of our services include:

  • Retirement projections
  • Retirement income strategies
  • Retirement tax strategies
  • Pension analysis
  • Social security benefit options
  • Insurance needs analysis and review
  • Probability analysis of reaching goals
  • Investment analysis
  • Business owner planning
  • Medical options
  • Generational planning
  • Beneficiary designation review