PRE-RETIREES AND RETIREES
Planning a fulfilling next chapter with new beginnings.
Deciding on the right time to retire can be challenging and requires a joint focus on both your finances and your state of mind. Stearns Financial Group can help you envision the kind of retirement that is right for you while planning a financial future that supports that vision.
As much as we want to control our futures, however, we know that life can be full of transitions, both expected and unexpected. These can include not only retirement, but the sale of a business, the loss of a spouse, a divorce, health issues, re-marriages and even inheritances. Stearns Financial Group is committed to helping you make confident financial decisions during these critical, often life-altering, transitions. Our trademarked financial planning methodology — the Financial Independence Roadmap℠ — incorporates multiple scenarios, illustrating the long term financial impact of the various choices before you.
Interested in working with a retirement financial planning specialist?
However Your Life Happens, We’re Here for You
Healthier lifestyles and medical breakthroughs focused on the treatment, cure and even prevention of diseases are leading most individuals to live longer lives, providing an incredible opportunity for experiencing more, learning more and doing more. But planning for longer lives, or longevity planning, requires new thinking about what you’ll do with your time, who will be around to enjoy them with you and, of course, how you’ll pay for these extra years.
At Stearns Financial Group, we help clients think about what their personal “retirements” will look like.
Will these years capitalize on a favorite hobby? If so, will you do it for fun or do you want to develop a small business?
Will you have enough social stimulation and support to thrive when you’re no longer going into the office?
Where will you live in these later years? Is aging in place the right solution or do you prefer a community that offers services like transportation, healthcare and entertainment?
Our team can help you not only make the decision that is right for you, but can help you build a financial plan to support this decision.
Key Considerations for Unusual Times
Here are some of the ways that Stearns Financial Group professionals will help you think more broadly about your future. We help pre-retirees and retirees consider and develop:
A financial roadmap for the future that includes fixed and variable expenses, plus inflation
An investment margin of safety, in other words, how much risk and reward are needed to achieve your goals in good times and in bad
Tax strategies that will help you keep more of what you make
Diversification opportunities beyond traditional public stock and bond markets
Risk mitigating strategies to help protect against unforeseen events, such as long term care needs
Wellness opportunities in the fourth quarter of life
Resources for Pre-Retirees and Retirees
4th Quarter Fumbles: How Successful People Avoid Critical Mistakes Later in Life
by Dennis Stearns, CFP®
4th Quarter Champions: A Companion Workbook to Fourth Quarter Fumbles
by Dennis Stearns, CFP®
Gray Divorce, Silver Linings (Second Edition)
by Haleh Moddasser