Retirement Planning
We believe planning for your retirement is one of the most important financial decisions you can make in your life. Here at Integra Financial, we are happy to help clients all across Colorado and elsewhere to work towards attaining the financial stability and independence they need to thrive in their post-work life.
Learn more about the types of plans we offer as well as appropriate timelines to follow for working towards your retirement success below.
Types of Retirement Plans
Retirement plans and their accounts typically offer tax advantages. The money can grow tax deferred until withdrawn in retirement. Due to these advantages, there are more rules about when money can be withdrawn.
There are many different types of retirement plans, each with their benefits and pitfalls. Here are some basic details about each type to help you decide what might be appropriate for you.
Retirement Needs Analysis and Timeline
Retirement needs analysis addresses different scenarios by adjusting the funding requirements of the plan to align what you want with realistic goals. Different scenarios can be run with modified assumptions like retiring later or funding for a lower retirement income goal to help create a viable plan with realistic goals tailored to your needs.
Social Security
While Social Security is part of the retirement plan of most American workers, it should not be relied on as your only retirement income. If you are among those who are covered under Social Security, you should understand how the system works and what you are eligible to receive when you retire. It is equally as important to understand how your earnings and age can impact your benefits so you can make informed decisions. At Integra Financial, we offer retirement investment advice that takes into consideration your entire financial portfolio.
Medicare Benefits
For most people, benefits received through Medicare play an important role in financial planning for retirement. At Integra Financial, we can help you simplify your choices.
Medicare is for people 65 or older, people under 65 with certain disabilities, people of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant).