Near Retirement

While retirement planning  is a part of nearly every financial plan, a number of questions arise when retirement is just around the corner. In addition to helping clients confirm they are financially able to retire, we assist with a number of additional issues, including:

  • Developing an accurate budget for spending in retirement
  • Understanding the options available through Medicare and the cost of those options
  • Reviewing social security benefits and identifying the optimal time to begin drawing benefits to maximize the likelihood that your financial plan will be successful
  • Explaining the mechanics behind taking portfolio withdrawals to support your financial needs
  • Assessing the impact of a potential long term care need on your overall retirement plan

If you are interested in working with us to map a smooth path to retirement, contact us via e-mail or schedule an introductory call.

What We Can All Learn from Financial Planning for Teachers

When my aunt founded Minerva nearly 30 years ago, one of the first groups for whom she did a good deal of work were teachers. At the time, the State was looking for assistance with financial planning for teachers, and my aunt was chosen. Between that work and...
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Who Needs a Comprehensive Financial Plan

In last week’s blog post, I covered what every financial plan should include regardless of whether you were concerned with retirement planning, planning for an inheritance or some other issue. This week, I want to focus on when you should consider having a...
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What Does a Personal Financial Plan Include?

If you have considered working with a financial advisor on a personal financial plan, but have held off because you weren’t sure what the plan would include, this post is for you. The confusion around what is included in a plan is understandable because each plan is...
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Medicare Changes from a Fee-Only Financial Advisor’s Perspective

Generally, when we put together a financial plan for clients approaching retirement, we will split expenses into three big buckets – ongoing expenses, one-time expenses and medical expenses. The reason we break out medical expenses separately is that in recent...
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Planning for Early Retirement – 4 Things to Consider

Whenever I meet with prospective clients, “tomorrow” is the number one response to the question of when they’d like to retire. The answer is usually tongue-in-cheek, because most people aren’t in a position to retire altogether. Nevertheless, there are some clients...
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Retirement Planning and Reverse Mortgages

  One of the questions clients ask from time-to-time is whether we include their house as an asset when we do retirement planning. Typically, if the plan is to remain in the house for the duration of retirement, we don’t, but every now and then we do need to...
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How to Maximize Social Security in Retirement

Social Security is a core component of every retirement plan, yet few couples approaching retirement are aware of the nuances of Social Security and how to maximize their income in retirement. Choices about when to draw Social Security and, for married couples, what...
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Financial Goals Don’t Always Start with Money

One of the most rewarding aspects of being a financial advisor is working with clients when they realize a financial plan isn’t really about finances, per se, but rather what they want to accomplish with their lives. At that point, the conversation shifts abruptly...
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