Planning For My Retirement

Whether retirement is many years down the road, right around the corner, or today’s reality, your Janney Financial Advisor can help you build a better plan to save more effectively and generate income more efficiently.

 

About one out of every three 65-year-olds today will live past 90, and one out of seven will live until at least age 95.*

Things to consider

The decisions you make early in retirement will inevitably affect your lifestyle for years to come. How you spend and how you choose to draw-down assets can make all the difference between financial confidence and uncertainty.

 

A pie chart with three sections

Watch your spending

After decades of saving, it’s only natural to want to splurge. Spending too much too soon could jeopardize your future. 

A notebook and a pencil

Have a plan for drawing-down assets

The sequence in which you liquidate taxable, tax-deferred, and tax-free assets can impact how long your savings last.

Think strategically about RMDs

While IRA distributions can serve as an important retirement income source, they can also be preserved for the next generation.

A lighthouse

Plan for potential LTC costs

According to the U.S. Department of Health and Human Services,** a person turning age 65 today has almost a 70% chance of needing some type of long-term care services in their lifetime, which are not covered by Medicare.

* "Learn About Retirement Benefits." Social Security Administration.
** "Most Americans are Unprepared for Long-Term Care Costs, New Research Shows.” Forbes. August 2, 2022.

What to ask your Financial Advisor

  • Based on my investments, what’s a sustainable spending rate that I can safely plan on?
  • In addition to Social Security and my pension, are there other ways to generate guaranteed income?
  • Am I taking on the right amount of investment risk to meet my income needs and outpace inflation?
  • What should I do with my company retirement plan and/or concentrated stock?

 

 

 

 

Talk with a Janney Financial Advisor

You don’t need to go it alone. Wherever you are on your wealth journey, we can build a tailored financial plan and make recommendations that are aligned with your best interest and unique needs, goals, and preferences. Contact us today to discuss how we can put a plan in place designed to help you reach your financial goals.

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