2950 East Harmony Road
Your financial well-being requires time, the right choices and ongoing management. At Cornerstone Wealth Management, we will work with you to make the right choices by helping you understand where you are and where you want to be.
We know that planning for a successful retirement doesn't happen by chance. It requires a disciplined focused process that is built on your goals, objectives and time frame. The following four steps will be implemented to assist you in this important process:
The first step in this process requires you to determine what the cost of your retirement will be. While this may seem like the impossible question, many of the following factors will help guide us through this process:
Once we have established your cost of retirement assumptions, we can begin to look at all of the guaranteed income sources that will be available to you. These income sources may include, among other things:
A "Retirement Income Plan" is designed to help fill in the gap between your guaranteed income streams and your cost of retirement. We will review all of your portfolio assets and create a withdrawal sequence to address your needs. Assets commonly used include but are not limited to:
If you determine that you are not on track to achieve your retirement objectives, or if somehow get off track during retirement, you will need to consider making some of the following changes:
Thinking about retirement can be daunting! It is difficult to plan for something that may not start for many years and can last multiple decades. Nonetheless, it is very important to create a realistic strategy for funding your retirement that balances current financial needs with your expected future retirement needs.
Click here to view a sample Retirement Plan.
At Cornerstone Wealth Management, we have identified “12 Risks in Retirement” that we consider when building a retirement plan. Our clients find comfort knowing that we take into consideration each of these retirement variables, as it relates to their personal life, and managing these risks may offer a better chance for retirement success. The retirement risks are as follows: