Has COVID changed your views toward retirement? If the pandemic has changed your retirement goals and objectives, here are some retirement planning notes to consider.
Most of us have learned about a family member or friend contracting COVID. We have each been touched by the pandemic differently. COVID has touched and changed our perspective more than any other factor throughout our careers.
It has changed the way participants in retirement plans and investors think of retirement. These are our experiences and best practices, if you are looking to expedite your retirement as soon as possible.
Retirement planning has become unique and tailored experience for each family. If the pandemic has changed your view toward retirement, you are not alone. It is one of the most common questions we are encountering.
For a comprehensive review of your personal situation, always consult your legal or tax advisor.
Inside your COVID prepared retirement plan you should have an understanding of positive cash flow, understanding of how to optimize your Social Security elections, how the potentially largest expense (health insurance) fits into your plan, understand how to get money out of your investment accounts, and structure a retirement plan from a variety of retirement accounts that have very different tax characteristics.
The advisors at Rose Street Advisors can help families like yours work towards your retirement goals. Let us know how we can help you become more prepared with our retirement planning services.
With 17+ years of experience, Carl is responsible for managing Rose Street’s investment area, including personal financial planning assets and retirement plan assets. Carl enjoys tennis, traveling, and destination dinners. In 1994, he broke the Baldwin-Wallace University tennis record for most career wins formally held by Bud Collins. The record has since been broken.