Retirement Planning

Does your plan maximize your wealth potential?

What will retirement look like for you?

Of the 79 million Baby Boomers nearing retirement, more fear running out of money in retirement than they fear death. Clearly there is no better time than the present to gain control of your financial future. Whether you are prepared to retire early or need to develop a more extensive financial plan can be determined by a consultation with one of our experienced advisors.


Learn more in our BCJInsights.com special, Focus on Retirement.

When Should I Start Planning? Right Now.

Company provided pensions are now becoming extinct and the responsibility for funding your retirement has shifted to you. Fewer Americans are covered by traditional pension plans and the age to receive full Social Security benefits has increased. Only 4 in 10 Boomers, with less than $250,000 saved for retirement and have no private pension, believe they will be able to pay for their basic needs and medical expenses in retirement and have some money left over for travel and leisure activities.1 This may be unrealistic for those who are unable to reduce expenses or who experience significant medical costs.

Are you ready?

You retirement may seen near at hand or far away, but one thing is certain: your future will differ from your present. Financially, that fact is worth remembering. Some of the costs you have paid regularly all these years may suddenly decrease or fade away. Others may increase.

How much do you have on hand?

Starting retirement with a strong cash position provides you with some insulation if you happen to retire during a market downturn. The possibility of a bear market coinciding with your entry into retirement may make you want to revisit your portfolio allocations as well.

Take a second look at your projected monthly income.

Will it be consistent? If it will vary, you will want to address that.

How about medical expenses?

You can expect medical expenses to increase. By how much, exactly?

What about Social Security?

There are many upsides and downsides to Social Security and tapping into it can almost be considered a game of strategy, as the time to collecting benefits is different for everyone.

Life is a journey. Let's plan for it.