Retirement & Pre-Retirement:
Securing Financial Freedom
Your Golden Years, Your Smartest Moves: Mastering the Retirement Transition Here’s How to Manage, Protect & Distribute Your Wealth
Congratulations you have successfully navigated your 9-5 days and have reached the golden years of your life where you can enjoy the accumulated wealth. Financial management becomes especially critical as individuals approach or enter retirement, requiring a shift from wealth accumulation to income preservation and smart distribution.
Key considerations at this stage are"
Consolidate 401k’s/IRA’s for better management
Identify sustainable withdrawal rate from 401k/IRA’s- 4% rule
When to start withdrawing from 401k/IRA – Tax efficient withdrawal strategy
When to start taking Social Security benefits – Spousal benefit, full retirement age
Healthcare planning – Medicare, long-term care
Asset allocation – bonds, stock, annuities, dividend portfolio
Estate planning – wills, trust & beneficiary
The strategies at this stage of life are very individualistic as the cost of living, wealth, life expectancies and objectives differ, the best steps to do would be to talk to a financial advisor. (link https://financialprofessional.tfaconnects.com/wei-zhang-02eet)
Key considerations at this stage are”
- – Consolidate 401k’s/IRA’s for better management
Identify sustainable withdrawal rate from 401k/IRA’s- 4% rule - When to start withdrawing from 401k/IRA – Tax efficient withdrawal strategy
- – When to start taking Social Security benefits – Spousal benefit, full retirement age
- – Healthcare planning – Medicare, long-term care
- – Asset allocation – bonds, stock, annuities, dividend portfolio
- – Estate planning – wills, trust & beneficiary
The strategies at this stage of life are very individualistic as the cost of living, wealth, life expectancies and objectives differ, the best steps to do would be to talk to a financial advisor. (link https://financialprofessional.tfaconnects.com/wei-zhang-02eet)
