Later Working Years

WISCONSIN WEALTH ADVISORS

Loving the Adventure

In your later working years, you may have more time to enjoy what this stage of your life offers. (This is what your “fun money” account is for!) Now is the time to focus on your retirement income and adjust goals and strategies as needed. Even if you feel like you have had a late start, Wisconsin Wealth Advisors can help get you on track. Setting goals and developing a financial plan are important, and at Wisconsin Wealth Advisors we know the things you should be paying attention to at each stage in life.

Life Planning in Your Later Years

for Individuals and Families Planning for Retirement

1. Financial Position

  • Establish comprehensive financial plan
  • Update your net worth statement
  • Formulate a plan to be debt-free into retirement
  • Maintain an emergency fund
step-one
step-two

2. Investment Plan

  • Maximize retirement plan contributions
  • Continue college savings plan
  • Consolidate retirement accounts for simplicity
  • Continue with “Fun Money” account

3. Risk Management

  • Review life insurance**
  • Discuss long-term care insurance**
  • Continue annual credit checks
  • Reconcile bank and credit card accounts
step-three
step-four

4. Estate Planning

  • Ensure a will, Power of Attorney and Health Care Directive are in place
  • Review beneficiaries for accounts
  • Determine if a family trust is appropriate

5. Tax Planning

  • Review appropriate tax advantaged accounts
  • Work with your tax preparer*
step-five

Life Planning in Your Later Years

for Individuals and Families Planning for Retirement

1. Financial Position

  • Establish comprehensive financial plan
  • Update your net worth statement
  • Formulate a plan to be debt-free into retirement
  • Maintain an emergency fund

2. Investment Plan

  • Maximize retirement plan contributions
  • Continue college savings plan
  • Consolidate retirement accounts for simplicity
  • Continue with “Fun Money” account

3. Risk Management

  • Life insurance**
  • Long-term care insurance**
  • Annual credit checks (consider freezing)
  • Reconcile bank and credit card accounts

4. Estate Planning

  • Ensure a will, Power of Attorney and Health Care Directive are in place
  • Review beneficiaries for accounts
  • Determine if a family trust is appropriate

5. Tax Planning

  • Review appropriate tax advantaged accounts
  • Work with your tax preparer*
*WE WILL PARTNER WITH YOUR ATTORNEY AND TAX PROFESSIONAL. REFERRALS UPON REQUEST.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.

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