By Todd Perry, CFP®, CIMA®, CPWA®
Private Wealth Advisor
One of the most common questions from pre-retirees is, “Am I on track?”
Many also wonder how they can confidently maintain their current lifestyle throughout retirement. But, with so many variables during this phase of life, such as income, social security, medical expenses, taxes, and inflation, how do you really know if you are “on track?”
Working with a professional who has the knowledge and experience to create a comprehensive financial plan will help answer this burning question. Any good financial plan considers all areas of your financial life. The following quote rings true for many pre-retirees in my 15+ years of preparing financial plans.
So, what does a good plan look like?
Just as a doctor takes various tests to get a baseline of your physical health, the same should be done for your financial health. A few areas we examine include available sources of income, outstanding debts, investment structure, and your tax situation.
We help uncover efficiencies and improvements you may not know exist without an established baseline. This could mean lowering investment costs, tax savings, Roth conversions, RMD planning, risk reduction, and even asset allocation adjustments.
At EWM, our process starts with a comprehensive WealthMap to help create a holistic view of your financial life. The plan helps coordinate your retirement planning, taxes, portfolio, insurance, estate planning, and more.
Contact us today at 810-229-6446 to schedule a no-cost, no-obligation initial meeting.
Securities offered by Registered Representatives through Private Client Services, LLC. Member FINRA/SIPC
Executive Wealth Management (EWM) is a Registered Investment Advisor with the Securities and Exchange Commission. Reference to registration does not imply any specific level of qualification or skill. Investment Advisor Representatives of EWM offer Investment Advice and Financial Planning Services to customers located within the United States.