When you look at your overall financial picture, what do you see? Do you see a unified, strategic, and focused portfolio with every piece of the puzzle working together to get you to a specific goal? Or, do you have a 401(k) here, an IRA there, a life insurance policy somewhere else? Do you remember why you purchased certain products or opened particular accounts, or is your financial plan all over the place?
What is Retirement CPR?
In the medical world, CPR is used to restore circulation when the heart has ceased pumping on its own. Financially, a comprehensive planning review does the same. It gathers up all the moving parts of a financial planning strategy and makes sure they are circulating together to bring life and success to the financial plan as a whole. Every element of your financial plan plays an important role in your journey to obtain retirement peace of mind.
A CPR analyzes these integral pieces of your financial planning strategy:
- Tax planning
- Estate planning
- Social Security optimization
- Income plan analysis
- Healthcare options
- Protection of income and assets
This isn’t something you do once and then hope it all works out when you get to your retirement years. A financial plan is a living document, something that needs to be reevaluated and updated to continue meeting your needs, and a regular CPR makes this happen.
Do You Need Retirement CPR?
How long has it been since you’ve revisited your retirement planning strategy? Have you experienced any major life milestones since then? Have you added any products or assets to your portfolio? A successful retirement plan needs to be cohesive and therefore requires regular check-ins to make sure that all the pieces are working together to reach your goals.
Many of today’s retirees and pre-retirees place a high value on peace of mind. They want to know that they have guaranteed income, that their families are taken care of, and that healthcare costs won’t diminish their standard of living. Working with your advisor to conduct a comprehensive planning review will give you the confidence you desire.
If you have a hard time managing all the pieces of your financial plan and fear one will drop through the cracks, then it’s time for us to sit down and work through the details. We want to see you thrive, live a rich life, and reach your retirement goals, so let us help you evaluate the variables in your retirement plan to ensure everything is aligned with your objectives. To schedule an appointment for your retirement CPR, please contact my office at 770.249.7424 or email me at firstname.lastname@example.org.
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