Retirement Planning
Blaze a Trail to Your Dream Retirement
You’re most likely in your 40’s, 50’s or 60’s and can see a time coming to settle down on the foundations you’ve built, and prepare a legacy for those you care about.
There’s no better time than right now to strengthen those foundations and ensure your golden years retain their sparkle, and you remain prosperous and independent throughout.
Everybody wants the rewards for their long years of hard work, and the dream retirement lifestyle they hope their efforts will bring.
Retirement planning is all about sustaining your current lifestyle and doing the things that bring you fulfilment and joy.
When we sit down to talk “retirement” with many clients for the first time, we’re not surprised to find that they’re heavily mortgaged and have significant costs and repayments to meet.
We’re used to being asked questions like:
- How much am I worth?
- How long will it take to secure my family’s future before I retire?
- How can I earn enough to cover my obligations and live well in retirement?
- How do I protect my income from a crash and how long must that cushion last?
- What impact will rising health insurance costs have on my ability to retire?
- How do I protect my income from the impacts of rising inflation?
If you’d also like answers to these types of questions, then let’s talk about how we can help you.
WestStar Financial Advisors help you answer these and many other questions, as we bring focus to the key areas of your prosperity in retirement.
We have great experience in helping create and execute a plan for dependable income regardless of what the markets deliver, and addressing issues like inflation, health insurance, tax efficiency and long-term security.
Retirement planning is about how you look at tomorrow today
We’ve seen many people wait until they’re nearing retirement before coming to us for advice, and discovered that many are under-funded for the retirement they have in mind.
The best time to begin investing in your retirement plan is when you’re as far away from retirement as possible.
If you haven’t done so, then uncertainty about tomorrow is a great reason to begin. It’s far easier than you’d expect, and the way to go about it is explained in our handy Financial Flightpath Blog (below).
For The Best Ways to Look After Tomorrow Today, Read our Handy Article Here
Pursue Your Unique Dreams With WestStar’s 360° Retirement Planning
WestStar’s holistic approach to retirement planning has helped many retirees assess their preparedness, define their goals and timelines, and pursue them with confidence and clarity.
We analyze your financial situation, including your investments, savings, pensions, asset values, loan balances, job security, and factors like caring for aged parents, and helping your kids or grandkids through college. Your age, family dynamic and life expectancy play significant roles in our modelling.
We assess your retirement income sources – like pensions, Social Security and employer-sponsored retirement plans.
We have a deep understanding of the many types of retirement plans including 401(k) plans, 457 plans, Roth 401(k) plans, SIMPLE plans, 403(b) plans, and Thrift Savings plans.
Our employer-sponsored retirement plan services cover participants and sponsors.
By using data and analytics, and staying innovative, we help you make the most informed decisions, in pursuing the retirement lifestyle you want.
Your retirement journey is mapped out on a personalized 360° Roadmap, with a dashboard that makes progress toward your goals transparent. You get all the facts at your fingertips
Your Roadmap sets out our strategic thinking in a clear, understandable and actionable way. You’ll understand your options and projected outcomes, and why we believe one path is better than another.
The sigh of relief from our clients when we show them how all of their hard work can get them to their retirement goals is always a special moment.
Advice to Build Your Dreams On
Your Navigator 360° Roadmap is strategically reviewed throughout your journey, tracking your progress and course-correcting to keep you on track and on plan. We measure your probability of success, and your trajectory based on our recommendations.
Beating Inflation
Inflation is another concern in retirement planning, and one we carefully consider in our modelling. We will assess the best ways to beat inflation, and consider Treasury Inflation-Protected Securities, cash, short-term bonds, stocks, real estate, commodities and gold.
Downside Protection and Risk Tolerance
We assess whether your investment portfolio has enough downside protection if the economy hits a pothole and the market drops like it did in 2008. We keep a close eye on where you’re at in relation to your milestones and financial planning objectives.
Your Retirement Tax Strategy
When many clients first come to us for retirement advice, we find that they’re paying too much in taxes. Maximizing your retirement plan savings under current tax law is an important consideration.
We design a retirement tax strategy that pinpoints the taxes you’ll face at various stages, anticipates how and when to tap your assets to cover your personal expenses, and achieves your goal to pay as low a tax rate as possible.
Social Security and Medicare
By taking your Social Security in the right way, your Medicare premiums could be halved. We will walk you through the process to find, deploy, and protect these savings.
Our advisors provide retirement income strategies to help you decide the best time to take benefits, and stay within tax brackets.
Protecting your Retirement Provision and Income
Your retirement provision and retirement income goals need to be met, no matter what life throws at you. Here’s how we help you plan for that.
Long-Term Care and Disability Insurance
Protecting yourself against the financial impacts of disability, loss of income, and the cost of long-term care requires prioritization.
Long-term disability and long-term care Insurances are designed to return a percentage of your income lost due to disability, and cover a percentage of costs associated with care.
Other things we do to smooth your path to retirement
We help you to visualize the kind of life you’d like to live in retirement, and to anticipate and budget for the necessary expenses – everything from healthcare to a cabin on the lake.
According to your needs, we develop and implement a 360° Financial Plan that can also include the following planning essentials:
Relationships Built On Trust
At WestStar we believe that trust is earned. Our relationships are real, honest and candid. We say what we do, and we do what we say.
Our personal touch and care is evident in all of our relationships, many of which have served pre-retirees, retirees and their families’ best interests for decades.
If that sounds like a relationship worth pursuing, then we would be delighted to partner with you on your trailblazing retirement quest.
Disclosures
Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59 ½, may be subject to an additional 10% IRS tax penalty.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.