For most of your career, your retirement savings accumulate in the background, while you focus on more immediate needs or goals for your wealth.
There comes a time, though, when you stand to gain a lot if you can consider all your options. If you're changing jobs or retiring, rolling over your 401(k) can create a number of opportunities for your wealth and your retirement.
Most professionals find it a challenge to get a clear picture of their retirement - to be confident in the steps they’re taking to get from A to B.
That is because even if you have one part of your wealth well-planned and well-managed, you have to ensure everything else falls in line. This is something we call strategic planning. It is the process of taking a broad view of your finances and coordinating the strategies in place, so that together they can help you build and preserve wealth, with minimal risk.
A retirement income plan is the answer to this question. It also helps determine how much you will need, how you will access it tax-efficiently, and how this may be altered as your income needs change.