Planning for retirement can be boiled down to one word: saving. But how? That is the better question. The options can be overwhelming—from picking investment options to deciding on whether or not to do a Roth IRA and how much to keep in an emergency fund. Keeping in mind that everyone’s situation is different, we can help build a plan to accomplish your family’s goals.

The light at the end of the tunnel! Five years out from retirement can still feel like miles away, but it’s a great time to check in on your goals and how your financial life is positioned to achieve those goals. Meeting with a trusted professional to make sure that your portfolio is aligned with accomplishing your goals is an excellent way to take stock of your situation. Oftentimes, small changes five years out can make a big difference in a successful retirement plan.

The first step is to schedule a free consultation with our team. While we are located in Lexington, KY, we offer meetings in person, on Zoom or over the phone. During this time we will review your investments, your goals, and your lifestyle so our experienced team can put together a custom plan that fits your needs. We will then present you with the plan for review. These plans typically include strategies for having access to cash, investing to keep up with inflation and looking at healthcare and long-term care options. Once a plan is in place, we don’t stop there. Our team is here for you to help you every step of the way to ensure that together we are meeting your goals and making updates to your plan when necessary.

It depends! That answer can be frustrating, but everyone’s situation is different. Where some people can expect an inheritance, others will be charged with caring for their parents, children or grandchildren. Some people want to travel and others have hobbies closer to home. Your goals are unique to you and your family. Working with a professional to take in account all of your needs, goals, tax implications, risk tolerance and liquidity needs is the best way to make sure you cover all your bases. 

There’s no bad time to start, but the earlier, the better. 

Paraplanner Ryan Petrunyak suggests, “the best day to sit down and start a plan for retirement is today, no matter where you are in life. The sooner you can start planning for where you want to go, the easier it will be to get there in the long run.”

Our Director of Client Services, McKellar Ciurlizza, MBA, suggests working “with someone who can help you prioritize, coordinate, and organize those goals. Most importantly, choose a professional that will hold you accountable and keep you on a consistent path towards success.” ⁠

Click here for a great article with 5 questions to ask your retirement planner.

Now, say you’ve decided you do want to get a professional opinion on your investment portfolio and long-term financial goals. That’s great! Just as we know that not all plumbers or electricians are created equal, financial planners can take different approaches to your money. If you are considering seeking professional advice, one of the most important things to understand about our team at Family Financial Partners is that we strategize for up and down markets. 

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