PLANNING THE TRANSITION TO RETIREMENT
01.Core Concepts
• Once the client’s vision has been articulated, there are decisions to fine tune prior to retirement. • These decisions may include: • Whether to continue working (full or part time) • Starting a second career or a new business • Housing decisions • Estate planning and legacy goals • “Bucket list” • Social Security decisions • Asset allocation and portfolio decisions WORKING IN RETIREMENT • Phased retirement • Gradual reduction in hours (per day or week) • Shift from full time to part time (seasonal or temporary needs) • Advantages of a phased retirement • Financial • Health and well-being • Social and professional engagement • Starting a second career or opening a new business • Earmark resources (additional analysis may be needed)