Retirement Planning with Clarity and Purpose
Retirement planning calls for more than preparation. It calls for discernment, perspective, and a clear understanding of what matters most. At Waypoint, we help simplify financial complexity with thoughtful strategies tailored to your life, so you can move forward with confidence and intention.
Whether you are preparing for retirement or refining an already substantial financial picture, we provide the guidance and structure to help you protect your wealth, support your lifestyle, and approach the future with clarity.
When it comes to your financial future, the most important factor in your favor is your age. We take advantage of the time you have, regularly contributing to tax-advantaged retirement accounts and potentially boosting savings with matching funds offered by your employer.
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Your goal should be to begin building up enough assets to provide adequate income to meet your needs throughout retirement – accounting for factors like increased longevity, healthcare costs and inflation. To strive for this goal, you need a plan. That’s where we can help.
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Wherever your work or life leads you, we assist in managing your cash flow and allocating your resources, striving to help you reach both your short- and intermediate-term goals without endangering your long-term plans.
Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation.
Life has a way of throwing curveballs. As you approach the end of your career, you may have questions about what comes next or if you’re ready emotionally and financially. Together, we uncover the answers, identify and address any concerns you may have, and update your estate plan to reflect your current wishes.
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We start by identifying your short- and long-term goals. When do you want to retire? Where do you want to live? How will you spend your days? Then, we estimate income and expenses for the life you’re envisioning, taking into account the unexpected and other obligations so they won’t catch you unprepared.
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If you need to play catchup, we examine the best way to do so by making larger contributions to your retirement accounts or possibly cutting back in other areas. We also discuss your Social Security and Medicare options with you, so you’ll be ready as soon as you’re eligible.
With the right plan, we bring your vision into sharper focus, so you can enjoy the lifestyle you want and deserve. Keep in mind that the planning doesn’t stop when your paychecks do. It’s a continuous process that goes on all the way through retirement.
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We analyze your current situation to help you remain on track to pursue all you’ve envisioned from retirement, identifying sources of income and expenses to create and adhere to a tax-efficient withdrawal strategy. We make the most of your assets and income streams by creating a steady and sustainable income strategy, consolidating accounts, if necessary, to effectively help recreate the predictable cash flow of a steady paycheck and help to ensure contributions to your philanthropic interests.
Your needs and wants may change during this time. We reevaluate your plan so you can maintain a clear picture of the kind of lifestyle you desire, reassessing your short- and long-term goals, plus your risk tolerance in retirement. We also make sure you have the proper up-to-date documentation to help ensure your legacy is preserved and wishes are respected.
As your life changes, so will your plan. We will review your plan and make adjustments, as needed, along the way.
Common Questions
When should I claim Social Security?
It depends on your health, other income sources, and family situation. Claiming at 62 gives you benefits earlier but at a reduced amount. Waiting until 70 maximizes your monthly benefit. We analyze different claiming strategies to find the right timing for you.
How much money do I need to retire?
It depends on your lifestyle, health, and goals. A common rule of thumb is to plan for 80% of your pre-retirement income, but your needs might be higher or lower. We create detailed projections based on your specific situation to give you a realistic target.
What if I haven't saved enough for retirement?
You have options. We can look at increasing contributions, adjusting your retirement date, optimizing Social Security, reducing expenses, or a combination of strategies. The sooner we start working together, the more options you have.
How often should I review my retirement plan?
We recommend annual reviews as a minimum, with additional check-ins when major life changes occur like job transitions, inheritance, health issues, or shifts in the market. Regular reviews ensure your plan stays aligned with your goals and adapts to changing circumstances.