Retirement planning is the cornerstone of most financial plans. However, we believe that creating a strong foundation of financial habits and knowledge makes retirement planning easy and simply a byproduct of positive financial decisions.
There are many components to account for when making a custom retirement plan. While some online calculators will have you type in your age, goal retirement age, and current account balance to generate a “plan” for retirement, they provide a false sense of security to investors looking for a comprehensive retirement analysis.
“When we talk to potential clients here in Winston-Salem about retirement planning, most have the same concern: how much do they need? They don’t want to end up with a zero balance when they are well into retirement and not able to work. They dread having to think of their children needing to take care of them. On the flip side of that coin, they want to be careful not to work too long and miss out on pre-retirement opportunities and adventures. Both are understandable worries, and I love the look of relief when clients know that we’ve got their back, understand those concerns, and have a plan for them to hit the sweet spot between too little and too much.”
-Stephan Shipe, PhD, CFA, CFP
Owner and Lead Advisor
A quality financial advisor will take into account your tolerance for risk, budget changes that will happen during retirement, housing and location options, discretionary income, gifts to family members, social security or other income sources, and of course expected investment returns and portfolio allocation.
Acting as if retirement planning happens in a vacuum is unrealistic. Your retirement plan is linked closely to many other aspects of your life including health, job security, monthly budgeting, and current savings rates.
Retirement planning is one of the most important parts of your financial plan. It shouldn’t be treated like a quick formula. It’s nuanced and unique to the individual or family seeking advice. This is why we wholeheartedly believe in creating comprehensive financial plans tailored to you and your needs.
Retirement Planning in Winston-Salem
We’d love the opportunity to meet with you and discuss how we can help create a plan for your retirement. Not only does our financial planning process devise a plan for you, but we focus on helping you follow through with that plan.
There is no cost for our initial welcome meeting.
If you are local and looking for a financial advisor in Winston-Salem, let’s schedule a time to have coffee or chat over the phone.
If you are outside of the area, no worries. We have the tools to provide financial planning to clients all over the state of North Carolina.