Retirement Planning

At Modern Wealth, we specialize in providing expert investment guidance to craft a retirement plan that’s as unique as your aspirations. Our approach is both rigorous and innovative, focusing on long-term wealth growth and preservation. We analyze market trends and economic cycles to optimize your asset allocation, ensuring your portfolio is well-positioned to maximize returns and minimize risk.

Being mindful of fees is essential in investment planning, particularly regarding expense ratios which can impact your returns. We evaluate various factors such as the cost-effectiveness of active vs. passive management and the overall impact of fees on your investment strategy. This ensures that your retirement plan is efficient and aligned with your financial goals.

We also focus on optimizing your salary deferral to enhance your retirement savings and capitalize on tax benefits. By staying abreast of IRS limits, ensuring you receive the full employer match, and making regular adjustments in line with the latest tax laws, we help you secure a financially comfortable retirement.

Our Retirement Savings Analysis tool offers a comprehensive look at your savings journey towards retirement. It presents four key visualizations: Current Year Savings to track this year’s savings, Savings Over Time to monitor the growth of your savings across the years, Savings Rate to display the portion of your income saved each year, and Total Savings and Returns to provide a holistic view of your savings combined with investment returns. These graphs are designed to help you understand and optimize your savings strategy for a secure retirement.

The Retirement Plan Analysis complements this by providing three additional graphs that delve into the specifics of retirement spending, income sources, and withdrawal rates. The Retirement Spending graph categorizes your projected retirement expenses, while the Income Sources graph compares various income streams against different return scenarios. Lastly, the Withdrawal Rate graph illustrates the annual percentage of your investments you’ll need to withdraw to fund your retirement, factoring in mandatory distributions.

In essence, these analyses serve as a dual toolkit to ensure you’re well-prepared for retirement. By offering a detailed breakdown of both your savings progress and retirement plan, you can make informed decisions to adjust your strategies and ensure your retirement funds will meet your future needs. These tools aim to provide clarity and confidence in your financial planning for retirement.

Our Medicare Planning platform is a comprehensive tool designed to simplify the healthcare decision-making process for those nearing the age of 65. Through a series of personalized questions, users can determine the most suitable Medicare plan based on their travel habits, health status, and financial preferences. The platform’s intuitive design uses visual cues like blue checkmarks and red ‘X’s to guide users through the selection process, ensuring a clear understanding of each option’s coverage details.

We offer a user-friendly comparison feature, allowing individuals to easily switch between different Medicare plans to evaluate their coverage. We also provide a detailed summary of what’s included and excluded in each plan, alongside tailored enrollment guidance based on one’s Social Security and existing group plan coverage. With customized enrollment periods and additional insights into Medicare coverage, our platform aims to equip clients with all the necessary information for informed decision-making.

Emphasizing ease and personalization, our platform demystifies the complexities of Medicare. We offer clear, step-by-step enrollment instructions and is customized to meet individual needs and preferences. The goal is to make retirement planning straightforward and stress-free. Our approach ensures that users can confidently navigate their healthcare options and plan for a secure financial future as you transition into retirement.