The need for a retirement plan doesn’t end at retirement, it only encourages the need to adjust your plan and budget to maximize your benefit. As the average age of Americans increases, we’re seeing more people outlive their retirement savings, putting them in the awkward situation of living on a fixed income or going back to work at an advanced age. The last few years of your life should be for you to enjoy, free from the stresses of work or finances. That can still be a reality, but it requires sophisticated planning and investing, now and in the future.

Long Term Planning and Forecasting

Most retirement models assume that the average age of retirement is going to stay relatively consistent, but we already know that’s not going to be the case. People are working and living longer, which changes your financial model significantly. In addition, your goals may be to retire early, or stat a new business, which can also significantly impact your retirement planning. We work with our clients, not only to plan for their extended future accordingly, but also with clients who are currently retired, to help make their retirement last as long as you need it too.

Planning for Health-Related Expenses

Another pitfall of most financial planners is taking a cookie-cutter approach and estimating what your health care needs will be based on national averages and industry standards. That might be good enough for some people, but not for clients who have unique healthcare situations. We want to find out if you have any health-related issues, or a health history that might cause complications in your senior years, to make sure that your financial situation is solid no matter what medical condition may lie ahead. We also want to make sure that if you have a family or dependents that need provided for, that your plan takes them into consideration as well.

From your first day on the job to the first day of retirement, you need to have a financial plan in place that is prepared to support your goals no matter what the future brings. Croak Asset Management is here to help you prepare for the best, but anticipate the worst, so you know no matter what your elder years look like, you and your family will be provided for. Contact us today to schedule a retirement planning session, and make sure your retirement plan looks the way you need it to for the next stage of your life.

Start building your financial future today.

No matter where you are along life's path, now is the time to be proactive with planning for your financial future. From retirement planning and college funding to opening up a new business, Croak Asset Management is here to help you work toward a financially successful future.