Retirement planning is one of the pillars of the wealth planning process. At BluHawk Wealth Management, LLC, we understand that our clients have worked and continue to work tirelessly to achieve and sustain the desired type of lifestyle to best care for their families and enjoy living. After spending decades focused on accumulating assets, many experience discomfort at the thought of scaling back during retirement, wondering how it’s possible to sustain the same quality of life as careers come to an end and employment income decreases or goes away.
In order to get to where you want to go in this complex financial maze, most people would benefit from having a roadmap and a guide. We often help clients develop clarity and a vision around what their goals and dreams are for a successful retirement and then help create a path to pursue those goals.
Some considerations may include adequacy and distribution of current savings across pre-tax and after-tax vehicles, such as 401(k)s, IRAs, Roth IRAs, individual accounts, and joint accounts, ensuring that enough assets and the right mix of assets are accumulated to draw from in retirement. We also consider asset allocation and what is the best risk-adjusted mix for each client’s portfolio during different phases of life. We candidly discuss potential pitfalls that might impact the ability to reach retirement goals such as inflation, temporary market downturn, disability, death, or caring for family members. Our goal is to leave no stone unturned so clients are prepared for as many variables as possible.
In today’s highly regulated environment, the economy, tax laws, and other important factors can change very rapidly, so we monitor the investment and financial landscape regularly and make prudent adjustments along the way as necessary.
*Asset allocation does not ensure a profit or protect against a loss.
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