1801 South Meyers Road
When it comes to retirement planning, saving and wealth accumulation is only half the battle. Life expectancy is getting longer, and many people will be retired as long as they worked. We help you build a plan to strategically draw income from your hard-earned retirement savings. It is important to sustain your lifestyle and also keep pace with inflation to ensure that you don't outlive your assets.
We have found that many people struggle with when, how, or whether they can afford to retire. Some even grapple with why they should retire, with the notion in mind that it is better not to retire from something but to something. Ultimately, transitioning assets into income can create a high level of uncertainty and concern. Our role is to provide clarity for your retirement and to coach you in achieving your objectives.
We begin the process by learning about and analyzing your retirement income needs, priorities, preferences and objectives. We then examine your expenses, assets, and sources of income to put together a preliminary calculation. At this time we would clarify your budget concerns or other issues that require further attention.
Once we have analyzed your income needs, we will create a proposal that is aligned with your retirement, estate, and legacy objectives, while prioritizing risk reduction and tax management. There are a number of distribution strategies to consider related to your circumstances and the current economic environment. Then, we will research a variety of solutions, compare them internally, and recommend the best approach(es) to achieve your goals.
Implementing the plan requires establishing your accounts in the most efficient manner. This process includes funding the accounts with the appropriate amount of assets and setting them up for distributions. After the plan is implemented, we will review it together regularly. During these reviews, we will use sophisticated software to forecast and stress-test the plan. Our software allows us to visualize risks and analyze real-time adjustments to your plan to take appropriate action for you, as needed.
The key to a successful income plan is to ensure flexibility for changing lifestyle needs, various market conditions, and unanticipated circumstances. At MGFS, we believe this will help you generate income with confidence throughout retirement.
Traditional vs. Roth IRA
Social Security: Maximizing Benefits
Investment Strategies for Retirement
Barry Moschel - (630) 242-3333
Adam Schwartz - (630) 242-3331
Tom Manno - (630) 242-3332