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Our Owner, David Wertz is Retiring so we are no longer taking clients
With or without a Retirement Plan you are making decisions today that affect your retirement. A Retirement Plan helps you look ahead and balance what you want to do today with what you want your retirement to be.
We are here to help you plan your retirement and we hope that you will find this web page and its sub pages helpful not matter where you are in in the planning process. We are Fee Only advisors who get no commissions from our recommendations. This means we are objective and guided solely by your goals.
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The Challenges of Being Retired a Long Time
When you take ever increasing longevity into account, when a couple retires at age 65 there is a 50% chance that one of them will live to age 95. This 30 years in retirement presents serious challenges.
Dealing With the Retirement Planning Challenges
The need for a large retirement fund. There are three ways to deal with the for a large retirement fund:
Dealing with Inflation in Retirement. Before you retire inflation is a minor problem because wages do a good job of keeping up with inflation. Annuities and virtually all pension do not. As stated above, your pension and savings will lose 64% of their value in terms of what they will buy during the course of your retirement. However, As discussed in our webpage Investing in Retirement, there are strategies for dealing with inflation into your retirement plan.
Controlling withdrawals in retirement. The simplest way to see what you can prudently withdraw from your savings is to use one of the retirement withdrawal calculators on the web. The Vanguard retirement calculator is an easy to use example of such a calculator. However, remember that its very ease of use is only possible because it makes simplifying assumptions, which may or may not apply to your situation. In addition, history shows that their idea of what constitutes "conservative" or "moderate risk" investments are risky because they ignore the highly variable and unpredictable nature of inflation.
Retirement Plans Need a "Margin of Safety"
The purpose of a retirement plan is to prepare for the future. Thus, a retirement planning requires making predictions about the future. Unfortunately, no one can reliably predict the future. Thus, it is important that your retirement plan have a "margin of Safety". However, as our web page on Investing in Retirement discusses, having a "margin of safety" is different from investing or planning conservatively. In essence the problem with "conservative" investing and conservative planning is that it assumes that there are some predictions, the so called conservative ones, that one can reliably make. This is wishful thinking. A "margin of safety" based retirement plan assumes that no predictions are reliable so the plan has the flexibility to deal with the unexpected built into it.
A Good Retirement Plan Fits YOU
A successful plan combines a knowledge of what is important to you -- your goals and priorities -- with the financial knowledge needed to make your priorities a reality.
We have the Knowledge to Create YOUR Retirement Plan
Our senior retirement Planner, David Wertz, Ph.D., has the knowledge to create the Retirement Plan that will make your priorities a reality.
We can also help is to guide you through the complexities of Social Security and Medicare. These program are there to help you but to save costs the government imposes arbitrary rules. As a result seniors are failing to take full advantage of these programs.
We are fee-only financial advisors, which means that we receive no commissions or fees from the sale of the products we recommend. This is important because many of the financial products that we and other Financial Planners recommend have traditionally been sold by paying commissions to the person who recommends them. Because we get no commissions we are objective and guided solely by what is best for you.