Retirement Years

WISCONSIN WEALTH ADVISORS

When You’re Ready to Retire

Realize that you may be retired for a very long time. When you’re ready to enjoy the lifestyle you envisioned, you’ll want to have enough savings to take advantage of it. That’s why it’s important to take a closer look at what’s next.

In retirement, your emphasis is on managing risks and assets so you don’t run out of income. You’ll need a plan for sustainable, reliable and dependable income. A conversation with us on distribution management of your portfolio is a great place to start. And of course, while there are years ahead of you, now might be a good time to ensure your estate is in order. Our team at Wisconsin Wealth Advisors is committed to prepare you for your financial goals in retirement.

Life Planning in Your Retirement Years

For Individuals and Families in Their Retirement Years

1. Financial Position

  • Update comprehensive financial plan
  • Establish a retirement budget
  • Identify all income sources
  • Enter retirement debt-free
  • Implement monthly income strategy
step-one
step-two

2. Investment Plan

  • Understand minimum withdrawal requirements
  • Re-evaluate and monitor investment allocations and risk tolerance

3. Risk Management

  • Review life insurance**
  • Discuss long-term care insurance**
  • Consider a final burial trust**
  • Freeze credit
  • Reconcile bank and credit card accounts
step-three
step-four

4. Estate Planning

  • Review estate planning documents
  • Review beneficiary designations for insurance and retirement accounts
  • Discuss legacy planning and charitable giving

5. Tax Planning

  • Continue to work with your tax professional*
step-five

Life Planning in Your Retirement Years

For Individuals and Families in Their Retirement Years

1. Financial Position

  • Update comprehensive financial plan
  • Establish a retirement budget
  • Identify all income sources
  • Enter retirement debt-free
  • Implement monthly income strategy

2. Investment Plan

  • Understand minimum withdrawal requirements
  • Re-evaluate and monitor investment allocations and risk tolerance

3. Risk Management

  • Life insurance needs**
  • Long-term care insurance**
  • Final expense burial trust**
  • Freeze credit
  • Reconcile bank and credit card accounts

4. Estate Planning

  • Review estate planning documents
  • Review beneficiary designations for insurance and retirement accounts
  • Legacy planning and charitable giving

5. Tax Planning

  • Continue to work with your tax professional*
*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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