Retirement Planning
At Northstar, we offer specialized retirement planning services for people getting close to retirement and in their retirement years. Conditions and objectives in retirement are very different from the strategy used in your accumulation years. We offer retirement planning both as a consultative service and as part of our comprehensive Integrated Financial Solutions service.
The major risks to a long and happy retirement are:
Overspending – Spending today as if there were no tomorrow.
Outliving your money - not planning for a long enough retirement
Market Risk – The market crashes early in your retirement
Inflation – What cost $100 today will cost $180 in 20 years
Health Care Expenses - Roughly 50% of Americans now turning 65 will be admitted to a nursing home or need extended home care at some point in their lives?
At Northstar our retirement planning is focused and to the point. We don’t
inundate your with “cookie-cutter” plan or huge unreadable books.
We can give you practical assistance in areas such as:
Taking Required Minimum Distributions from your IRA and 401(k) plans.
Making sure your beneficiary designations are effective for IRA and retirement plans
Insulating your future peace of mind against market volatility
Planning for future health care and long-term care costs
Checking your estate plans to make sure it accomplishes what you intend
Review of your current and future retirement resources and forecast your cash flow and assets during your retirement period.
Developing alternatives to show you how to improve your retirement.
Describe your likely future under good and bad market & economic conditions using Monte Carlo probability analysis techniques.
Make specific recommendations if change is needed
Follow-up with you on a regular basis and help you make changes as needed.
Don’t let “retirement” scare you or make
you nervous!
