There are three phases of retirement planning:
1. Funding Years-
Determine proper asset allocation and re-balance annually
b. Formulate a target growth rate based on available funds and years to retirement
c. Estimate required retirement annual income
d. Index deposits for inflation and cost of living
2. Transition-
Understand and execute the various options available to you at retirement
which may include:
a. Consolidation of qualified retirement plans
b. Evaluation of income options from Pension plans
3. Post-Retirement-
Focus on ensuring the resources are not exhausted prematurely, taxes are
minimized, and estate-planning needs are fully addressed.
