Saving for future goals

Saving for various financial goals takes discipline and a plan – and we’re not just talking about retirement. Whether you are saving for a new house, a child’s (or grandchild’s) education, or anything else, we will incorporate your anticipated cash flows into your plan make sure you are “paying yourself” enough to achieve your various savings goals, including retirement. Financial plan projections are not guarantees, but they do provide an excellent starting point for setting realistic expectations.

Distributing savings

Once you’re ready to distribute your assets, it can be nerve-wracking. But spending, just like saving, can be done sustainably with discipline and a plan. Ideally, a sustainable spending rate should be built on: 

• Time horizon
• Portfolio allocation
• Risk tolerance

If you are taking money out of your accounts, either before or during retirement, it’s important to consider what sort of capital gains you main incur and what sort of income your distribution is categorized as, and what rate they’ll be taxed at. As we also provide Tax Planning, we can work with you to optimize your distributions now and in retirement to meet your needs and be tax-efficient. 

Contact us today to speak with an advisor!