Having an Advisor Isn’t the Same as Having a Retirement Plan

Many people approaching retirement already have a financial advisor. They have investments. They may have a CPA, an estate plan, insurance and a Social Security strategy.

But here’s an important question:

Do all those pieces actually work together?

Retirement changes the job of your money. It’s no longer simply about accumulating more. Now your wealth needs to help create income, manage taxes, withstand market downturns, fund healthcare, protect your spouse and eventually pass to the people and causes you care about.

And one decision can affect several others. A withdrawal from an IRA can affect your taxes and Medicare premiums. An investment decision can affect your retirement income. A beneficiary designation can override what your estate documents say.

That’s why having good financial pieces isn’t necessarily the same as having a coordinated retirement plan. The real question is whether those pieces are working together to help you retire the way you want. That distinction is central to the Retire Abundantly planning philosophy.

If you’re 60 or older, this is a good time to ask yourself: Do I have a collection of financial accounts and advisors—or one coordinated retirement plan?

If you’d like a second opinion, schedule a Retirement Clarity Session. We’ll help you take a closer look at what’s working, what may be missing and what deserves your attention.