Retirement Recommendations
Return to J & S Jones Sample
– John and Sarah Jones
Savings Recommendations:
Continue to maximize your pension contributions until retirement. If you would like to lower your tax bill for the last time prior to retirement, consider strategies in January 2008. Look at strategies to convert locked in pension funds into more accessible income assets.
Investment Allocation:
It is recommended to complete an Investment Suitability Questionnaire. Investment strategies should look at primarily reducing risk, keeping up with inflation, and averaging at minimum 6% growth long term. We recommend spending out of low volatility funds such as money market, mortgage, or real estate funds. Have approximately 2 years worth of assets saved in this account so in market downtimes you are not forced to spend from depreciating investments. Rebalance accordingly afterwards.
Planning Recommendations:
Set up a quarterly update and meeting agenda with your planning team. It is important that your investment and retirement objectives are in line at all times with your changing goals. Use this plan as a skeleton for future changes in goals. The goals included in this plan may change over time. Ensure that your plan is updated each time your goals change. In 2008 put in place a tax and estate plan to cover your family goals when you are gone Overall your plans and goals are inline for a bright future. You have done a great job accumulating your assets. With proper planning we can take the worry out of income planning during your retirement, and ensure an income that outlives you.
