Retirement planning traditionally involves planning for required minimum distributions (RMDs), 401(k) rollovers, pension strategies, guaranteed income, long-term care, deferred compensation, Social Security, Medicare, and more. If you own a small business, selling and handing off the reins of your business may be in your plans. Whether your retirement is far off, you are planning retirement soon, or you are already retired, all of these topics will require attention.
While traditional retirement planning topics are important, you also may be struggling with fitting the pieces together and deciphering conflicting advice. For some, solving one problem creates another. At the same time, you may find that, even if the components of your retirement plan are all in place, there are still challenges to be solved. You may struggle with cash flow, knowing how much to spend without threatening the long-term plan, knowing the balance between taking risk and outpacing inflation, considering another career, adjusting insurance policies based on changing needs, and managing tax rates (and sometimes a “tax valley”).
You also may be facing the challenge, commonly voiced by retirees, that the financial industry often uses the term “retirement planning” as a euphemism for expensive commission-based products that are so complex, it may be impossible to decipher whether they are a good value.
Timberchase Financial provides retirement planning advice in an integrated and comprehensive way. As a fee-only firm, we do not accept commissions or income from any outside source. This allows us to have a conversation that minimizes conflicts of interest and to advise you toward a thoughtful path that is cost effective, tax efficient, and customized for you.