You've been a good steward of what you have. You've saved over the years into your employer's retirement plan and now wonder if it's enough to last through retirement.
We analyze what you need at retirement to answer this question. To find the answer, we look at your spending, inflating it, and calculate the future sources of income like Social Security, pension, and rental property. We aim for a 3% distribution rate from your 401k, so your budget will always keep up with inflation and last throughout retirement.
When you retire, you have several options for your 401(k) savings, including leaving the money in the plan, transferring it to an IRA, withdrawing a lump sum, or taking required minimum distributions at age 73. To learn more about your options, read this article.
We help make a financial plan that gives you retirement confidence. Our expertise synergizes your retirement goals and your 401k:
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