Retirement Planning

At Modern Wealth, we specialize in providing expert retirement planning advice to craft a financial retirement plan unique to your aspirations. Our rigorous and innovative approach focuses on long-term return maximization and preservation. 

By analyzing market trends and economic cycles, we ensure your retirement financial planning is optimized with a well-balanced portfolio to maximize returns and minimize risk. Effective planning for retirement requires a keen focus on minimizing fees, particularly expense ratios that can impact your returns.

We evaluate critical factors such as the cost-effectiveness of active vs. passive management and the overall impact of fees on your investment strategy. This ensures your financial plan for retirement remains efficient and aligned with your long-term goals.

We also prioritize optimizing salary deferrals to enhance retirement savings and capitalize on tax benefits. By staying informed of IRS limits, ensuring you receive the full employer match, and regularly updating your strategy with the latest tax laws, we help you understand how to plan for retirement effectively and secure a financially comfortable future.

At Modern Wealth, we’re dedicated to providing comprehensive retirement planning advice to empower your journey toward financial freedom.

Our Retirement Savings Analysis tool provides a comprehensive view of your savings journey toward retirement. It features four key visualizations: Current Year Savings to track this year’s progress, Savings Over Time to monitor annual growth, Savings Rate to show income saved each year, and Total Savings and Returns to provide a comprehensive view of your savings and investment returns.

These insights will help you optimize your retirement investment plan and secure your financial future. Complementing this is our Retirement Plan Analysis, which provides three additional visualizations focused on your financial and retirement planning.

The Retirement Spending graph categorizes your projected expenses during retirement. The Income Sources graph compares various income streams across different return scenarios.

The Withdrawal Rate graph shows the annual percentage of investments you must withdraw to sustain your lifestyle, including mandatory distributions.

Together, these analyses are a powerful dual toolkit to enhance your financial retirement plan. By breaking down your savings progress and retirement planning details, we help you understand how to plan for retirement effectively.

Whether you’re evaluating your retirement financial plan or making adjustments to your retirement financial planning strategy, these tools provide the clarity and confidence you need to succeed.

At Modern Wealth, our detailed approach to planning retirements ensures you’re prepared to meet your future needs confidently. We offer actionable retirement planning advice to create a robust and adaptable financial planning retirement strategy.

Guardrails for Sustainable Spending

We set guardrails that guide spending adjustments over time. Our Retirement Income Dashboard establishes:

• The upper and lower balance thresholds that trigger income increases or decreases.
• A customizable spending level, allowing for conservative, moderate, or aggressive spending strategies based on your risk tolerance.

Retirement Stress Testing

Our Retirement Income Dashboard includes a Retirement Stress Test, simulating how your plan would have performed during major economic downturns. This provides peace of mind by demonstrating how a well-structured plan adapts to market fluctuations.

Cash Flow & Longevity Planning

For long-term financial clarity, we visualize:

• Monthly and annual income sources.
• Portfolio withdrawals and spending patterns.
• Expected changes in cash flow over time.
• Adjustable longevity settings to ensure your plan aligns with your expected lifespan.

Retirement Plan Customization

Our Retirement Income Dashboard allows us to fine-tune your plan with:

• Scenario planning, enabling side-by-side comparisons of different strategies.
• Automated plan monitoring, ensuring real-time tracking and updates.
• Legacy planning, integrating inheritance goals into your financial picture.

To determine the most suitable Medicare path for a client, it is essential to start with three key questions. These questions focus on the client’s location and travel plans, their health considerations, and their financial risk tolerance. Addressing these factors provides a clear understanding of their specific needs and preferences.

After selecting a proposed Medicare option in the Proposed Medicare Choices section, the Coverage tab will display a summary of what the chosen plan covers. This allows clients to review the extent of coverage and ensure it aligns with their healthcare requirements.

The Enrollment tab provides step-by-step instructions on how clients can enroll in their selected Medicare option. As part of the enrollment process, each client must respond to two critical questions regarding Social Security and any existing group plan coverage. Based on these responses, the Your Enrollment Period section in the Action Items will outline the specific steps each client needs to take to enroll in their Medicare plan properly.

Additionally, the Tips tab offers valuable insights and details about Medicare coverage and the enrollment process. These tips ensure clients have all the information they need to make well-informed decisions and avoid common mistakes when choosing and enrolling in their Medicare plans.

By following this process, clients can confidently select a Medicare plan that meets their needs while understanding the steps required to secure coverage.