Navigating Retirement

Whether you are ready to retire or simply in the planning stages, our goal is to make sure you can enjoy this significant stage of your life to the fullest.

Your retirement is a time to savor life’s pleasures, not fret about your finances or lifestyle.
Let us be your trusted partner in helping your retirement vision become reality.

Retirement planning is an important element of your overall financial plan

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Peace of Mind in Retirement

One goal of retirement planning is to have peace of mind that you will maintain or improve your lifestyle once you stop working. Even if you do great work in planning for that day from a financial perspective, it may not be sufficient.

Planning your retirement lifestyle – what you will do, when you will do it, where you will do it, and with whom – is equally important. We all know people who thrive in retirement and those who flounder. Our goal is to help you thrive, so we’ve added tools to our retirement planning process that support clients in thinking through lifestyle options.

Planning for Retirement Can Begin Early

Like overall financial planning, there are aspects of your retirement plan that you can begin early in your career.

Likewise, planning for retirement doesn’t stop when you retire, it continues from your transition into retirement to post-retirement, and ultimately into end-of-life planning.

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Let’s explore some of the most important retirement considerations at each phase of life: Pre-Retirement, Transition, and finally Retirement.


(20's to Early 50's)

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Balancing Saving With Life Expenses

One of the most important things you can do during your working years is to develop a comprehensive financial plan that supports your individual and family values, hopes, and expectations.

Secondarily, this is a phase for saving. Savings activities are often balanced with the need to pay off debt (i.e., student loans, mortgage, etc.), raise children and potentially pay for their schooling, and enjoy trips, recreational activities, and other endeavors that can be costly.

Strategies for turning savings into income generating engines are also an important part of this phase. Investment strategies that align with your goals are identified and put into practice as soon as feasible.

Lifestyle Options, To Consider:

Regular health and wellness checks

Understanding the role insurance and long-term care planning plays in safeguarding your health and finances

Trying out personal activities you want to focus on in retirement including volunteering, part-time jobs, or hobbies and interests

Drafting (and maintaining) an estate plan that supports family values transfer, medical and financial directives, and efficient money transfer if you were to become disabled or die


(5 - 10 Years Before Retirement)

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Nearing The Retirement Milestone

As you near retirement, your financial activities will focus on maxing out your savings potential, identifying and implementing tax efficient strategies, and analyzing and planning for the financial elements of your retirement income (pensions, social security, and retirement account distribution, full or part-time work, etc.).

This may also be a good time to update your investment strategy. Note that when pensions are involved, we help you assess the distribution strategies offered to determine the best fit for you.

Strategies to Fit Your Circumstances

For married couples, we build coordinated retirement strategies – meaning strategies that collectively help maximize your retirement goals.

For business owners, beginning to enact your succession plan can be a big step. Your SWMG financial advisor is here to support you and work with other key advisors to enable the transition you want.

Finally, we may also engage in budgeting activities that help you set a comfortable target for monthly cashflow.

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Lifestyle Options To Consider

Identifying options for healthcare coverage post-retirement

Building social networks and developing strong support systems

Identifying post-retirement work or volunteer activities

Thinking about travel plans or the desire for a second home to rent or buy

Reading / journaling about the lifestyle you want to pursue once retirement becomes a reality

Refining your estate plan and updating beneficiaries based on life changes

Retirement Phase

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You’ve made it! Now what?

Meet with your financial advisor to go through retirement paperwork provided by your former employer or the government (i.e., Medicare, Social Security Administration, etc.), including distribution information, enrollment forms, etc.

Follow the plan – both your financial and lifestyle plans should provide you a soft landing so you can glide more comfortably into retirement. Be careful to hold-off on big decisions until you’ve had a chance to settle into retirement for 6 or more months. Also remember to keep your advisor updated on health changes, changes to your goals, etc.

Lifestyle Options to Consider

Think about your legacy within your family, community, profession, etc. and what steps you’d like to take to enable this legacy

Complete a SWMG Legacy Workbook or online tool to ensure that loved ones know what to do and where to find things if something were to happen to you

Plan for how you want to use your Required Minimum Distribution (RMD)

Refine and implement short- and long-term goals such as traveling, snowbirding, volunteering, taking classes, working a gig, getting a pet, and creating new relationships.

Enjoy This Stage of Life to the Fullest

Start the conversation about financial planning for retirement today.

Blogs & Podcasts on Retirement

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