Our Financial Planning Process

Managing Your Assets with Experience, Expertise, and Dedication to Your Success

How much do you plan to spend on an annual basis? How do you create a plan to retire comfortably without the worry of outliving your savings?

At the Retirement & Investment Group, LLC, our team is committed to assisting each client in determining their own answers to these questions. We continuously work to help hundreds of individuals and families take account of their current situation and map out a plan to help ensure confidence in their future.

We start with a projection based on the financial information you provide. We talk about your lifestyle, hopes, dreams, and realities, and use this information to develop an investment strategy designed to take the lowest level of risk necessary to meet your retirement goals.

What can you expect when you invite our team to help design your short or long-term financial goals? Here is a brief overview of our process:

Getting Acquainted

Our first contact is simply an opportunity for us to get to know each other. This is a time for you to ask questions about us and to share your thoughts on what you’d like to achieve. In turn, we’ll introduce you to our financial planning philosophy and process.

Understanding Your Needs

To get a clear picture of your current situation, we’ll ask you to share information about yourself. To help you provide this information in the most efficient manner, we’ve created a checklist of information helpful for creating a financial plan. During this process, we may contact you to clarify or expand upon the information you’ve provided. As with all communications with Retirement & Investment Group, any information provided is kept completely confidential.

Designing a Plan

When we meet with you in person, we’ll discuss your situation with you in greater detail and present you with your Planning binder. The most important part of this binder is a series of working documents we’ll use to confirm your goals and concerns, adjust our assessment of the information you have provided as necessary, and form the framework for your financial plan. The binder also includes a general outline of our philosophies, legal and regulatory information, the fees involved with moving forward with your financial plan, and an overview of our investment process and recommendations.

Implementing, Monitoring, and Managing Your Plan

After we’ve fully presented your plan, we’ll put it into action. Financial planning is an ongoing process, reflecting the evolution of your own personal journey and financial situation. We’ll not only follow your investments, but monitor all aspects of your plan to ensure that it is on track and adapts with you over the years. We adhere to a long-term investment approach to financial planning and monitor your plan through market volatility and downturns while helping you achieve your goals. If we feel a change is justified we’ll make specific recommendations to adjust your plan.

Your plan is not a static document: it is a living guideline that will grow and change as your needs and goals evolve. And we will be right there with you to continue refining it to reflect your changing priorities.

Factors for Your Retirement Planning

Things to do:

  • Update your will, medical and legal powers of attorney, advance directives,
    trusts, beneficiaries
  • Review your life and health insurance policies
  • Review your long term care policy
  • Set aside a “rainy day” fund
  • Review pension and social security distribution options
  • Create retirement, distribution and cash flow analyses
  • Allocate assets to manage risk and distribute income*
  • Track your true after-tax expenses
  • Decide on the retirement lifestyle you want
  • Consider downsizing versus remaining in your current home
  • Budget for possible health care costs

  • Review medicare and medigap options

*Asset allocation does not ensure a profit or protect against a loss

Steps to avoid common errors:

  • Allow plenty of leeway in estimating life expectancy
  • Calculate generous health care estimates for unexpected or long-term
    catastrophic illness
  • Base your projected living expenses on a realistic cash flow plan
  • Plan for high inflation when projecting future living expenses.
  • Use Social Security Administration statements to correctly estimate your
    Social Security income replacement

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