Approaching Retirement

We understand that approaching retirement can be a time of both excitement and uncertainty. It’s a time when you can start thinking about all the things you’ve accomplished and the opportunities that lie ahead, but also a time when you may have concerns about your finances and how to best prepare for the future. That’s why we’re here to help.

Our services are designed to support individuals and help them navigate the complex financial landscape of this stage of life. Whether you’re looking for ways to help support your retirement income, plan for healthcare expenses, or simply ensure that your assets are preserved, we can help you create a comprehensive financial plan that addresses your unique needs and goals.

See real client story below...

(Real client story. Names changed for privacy.)

Background
Bill, who works in IT, and Jennifer, a health care professional, have two children, one in college and one in high school. With a joint income of about $250,000, they had been diligent savers but wanted to ensure they could balance two priorities: funding their retirement and supporting their children’s education.

Partnering with Willowbranch
As they looked ahead, Bill and Jennifer worked with Willowbranch advisors to sort through competing priorities and create a coordinated plan. Their advisor helped them clarify goals, review existing accounts, and decide how to time key decisions like when to begin collecting Social Security.

Building the Plan
With Willowbranch's guidance, they:

• Optimized Investments: Adjusted the allocation of their 401(k)s, IRAs, Roth IRA, and 529 plans.
• Made Timing Decisions: Planned for Bill to begin Social Security at 62, while delaying Jennifer's benefit to maximize lifetime income.
• Strengthened Education Funding: Increased 529 contributions, which also provided tax advantages.
• Protect the Family: Added term life insurance to ensure mortgage payments, family needs, and college costs could be covered if the unexpected occurred.
• Simplified Transitions: Updated beneficiary designations and worked with a Willowbranch partner to update their will, living will, and power of attorney.

Life Today

Bill and Jennifer now feel their family’s financial future is on solid footing. Their retirement savings are on track, their children’s education plans are well supported, and they know their protections and documents are in place. With Willowbranch’s ongoing guidance, they are able to focus on enjoying family life today while preparing for the freedom of retirement ahead.