Retirement Planning Services
Where will your retirement money come from? If you’re like most people, qualified-retirement plans, Social Security, personal savings and investments are expected to play a role. Once you have estimated the amount of money you may need for retirement, a sound approach involves taking a close look at your potential retirement-income sources.
Comprehensive Financial Assessments
To build an effective retirement strategy, Lakeridge Wealth Management begins with a detailed review of each client’s financial situation, including current assets, income, liabilities, and anticipated lifestyle needs. By analyzing cash flow, expenses, and goals, we aim to create a solid foundation for retirement planning.
Goal-Oriented Investment Planning
Every retirement strategy is unique. Lakeridge’s team customizes investment plans to align with clients' individual risk tolerance, time horizon, and retirement goals. We offer a mix of growth and income-focused investment options, balancing risk and reward to help achieve long-term financial objectives.
Tax-Efficient Strategies
Minimizing tax burdens is essential for effective retirement planning. Lakeridge Wealth Management employs tax-advantaged strategies, such as maximizing contributions to retirement accounts like IRAs and 401(k)s, Roth conversions, and managing taxable investments. We aim to optimize retirement income streams while preserving as much wealth as possible.
Social Security Optimization
Social Security benefits are a cornerstone of many retirement plans. Lakeridge Wealth Management helps clients determine the optimal time to claim Social Security, maximizing lifetime benefits and incorporating this source of income into their broader retirement strategy.
Income Planning for Retirement
A stable income throughout retirement is essential. Lakeridge Wealth Management develops income plans that incorporate multiple sources, such as pensions, investment accounts, annuities, and Social Security, to help clients maintain financial stability and support their lifestyle.
Regular Reviews and Adjustments
Life changes, and so do retirement needs. Lakeridge Wealth Management offers regular check-ins and plan adjustments to ensure that retirement strategies stay aligned with clients' evolving goals and market conditions.