The best time to start planning for retirement is as early as possible. Starting early allows more time for your investments to grow due to the power of compound interest. However, it's never too late to start, and planning can be adjusted to fit different stages in life.

The amount you need to save depends on your desired retirement lifestyle, expected life span, and current age. A general rule is to aim for enough savings to replace 70-80% of your pre-retirement income. We can help you calculate a more precise figure based on your specific circumstances.

The best retirement savings accounts can vary depending on your employment status and income. Common options include 401(k)s, IRAs (Traditional and Roth), and other pension plans. Each has its tax advantages and contribution limits, which we can explain to help you choose the right ones for your situation.

As you approach retirement, it's generally advisable to shift your investment strategy from growth-focused to more conservative investments. This shift helps protect your savings from market volatility. We assist in strategically rebalancing your portfolio to maintain an appropriate risk level as retirement nears.

Social Security can provide a foundational income in retirement, but it's meant to supplement your savings and pensions. We can help you determine when to start taking Social Security benefits to maximize your total retirement income.

To ensure your savings last, we focus on creating a withdrawal strategy that considers your total assets, expected lifespan, and retirement spending needs. We also factor in potential healthcare costs and inflation to create a sustainable long-term plan.

Tax planning is crucial for managing how much you'll pay on retirement income. We strategize on the best times to withdraw from different accounts, like 401(k)s and IRAs, to minimize tax liabilities and potentially extend the lifespan of your retirement funds.