Retirement planning typically addresses these key questions:
- How do I effectively accumulate retirement assets?
- At what age can I retire and how much monthly income will I have?
- What is the most investment-wise and tax-wise strategy to produce the needed monthly income?
Intelligent retirement planning requires gathering in-depth information regarding the client’s financial position. Document gathering includes: wage statements, balances in qualified and taxable accounts, beneficiary designations, expense flows, cost basis information, insurance policies, benefits package information, listing of assets and liabilities, educational accounts and a whole lot more.When CCM develops the retirement component of an integrated plan, it fully incorporates the other disciplines. Retirement assets, first and foremost, are designed to produce cash flows in retirement, but the nature of the retirement assets greatly impact the tax and estate plans.
Our software models various income flows coming from pensions, retirement assets and social security. The retirement analysis is designed to give the client an understanding of when retirement is feasible, analysis of any incentive or buyout options, cash-flow modeling, tax analysis, portfolio investment allocation and what-if scenarios.