Retirement Planning
Our wealth advisory team can help optimize your financial life
Helping You Save & Plan For A Stress-Free Retirement
Here at Magellan Financial, we aim to help you experience a comfortable retirement. This process starts with accumulating retirement savings as early as possible, continues with realistic retirement planning, and culminates with adjustments as you approach the finish line of your professional career—and beyond. It’s an ongoing process that adapts based on your current situation in life and integrates other financial goals you have for yourself and your loved ones.
The Most Comfortable Retirements Start Early
Achieve your retirement goals by treating wealth planning as a long-term project. When you start saving early, you can keep reinvesting gains and potentially earning compound interest that adds up over the years. Essential tips we share with clients include:
- Get started in your 20s by paying off debts and contributing to your 401K
- Plan for your family in your 30s by ramping up your 401K and starting a 529 plan*
- Refocus your plan in your 40s to ensure your retirement savings come first
- Pay your mortgage and make catch-up contributions in your 50s to prepare
While you can benefit from starting your retirement savings early, you should also consider adjusting your savings plan to align with your goals. If you’re unsure how to approach retirement savings, consider some strategies that work well for people in different stages of their life.
Not ready for specific retirement planning, but want help with Investing? Contact Magellan Financial Today!
How Our Retirement Planning Process Works:
While a quick start helps anyone, we recognize that everyone’s situation differs. That’s why Magellan’s tailored investment planning process goes beyond the basics of savings to build on your unique goals (both short- and long-term.) Once we establish your goals, we will work with you to chart a course for lifelong financial success. This path often includes coordinating college savings needs, investment services, and estate planning strategies with your retirement plan.
The plan is dynamic, not static, so it will be reviewed and updated regularly. We work with you step-by-step throughout their lives to help create clear, concise pictures of where you are today, why you invest, and how to chart the course to your desired future. Your investment strategy directly results from your plan and is designed to help you achieve your goals and retire stress-free. We also deploy many different techniques, including sustainable investments, for those who want to be socially mindful of their investment portfolios.
*Please consider the investment objectives, risks, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
Magellan Financial Ready Retirement System
You have worked hard and saved for several years, but like many approaching the finish line, you may wonder, “Is it enough?” Retirement is not something that one should just go into based on a wing and prayer. Don’t just hope that you have enough money saved to retire.
Getting ready to retire takes planning and coordination of different facets of your life as you transition into a new phase, including:
- Healthcare & Protection
- Social Security Benefits
- Financial Portfolio Management
- Cost of Retirement Lifestyle
We can help you manage the inevitable ups and downs of the markets and gain consistent income streams in retirement. Our system is designed for our clients to be invested appropriately, giving them the time, freedom, and confidence to enjoy retirement as they wish.
Contact Magellan Financial
You care about your family’s financial security, and so do we. Contact our Team of Retirement Advisors Professionals today, and let’s start the conversation.