The 7-Step R.E.T.I.R.E. Process:
At Sound Planning Group, we have a 7-step process for building a financial strategy that gives you a firm foundation for pursuing your goals. We call it the R.E.T.I.R.E process, which stands for Retirement Education with a Time-tested, Independent, Rational Evaluation - something that we consider indispensable to every retiree.
The 7 steps of the RETIRE process are:
1. Income Planning
Our goal is to help maximize income sources like Social Security so that your lifestyle can be funded with reliability and predictability for the rest of your life.
2. Investment Planning
We’ll talk risk tolerance, portfolio fees (and how we may be able to reduce them), and volatility control through our proprietary CPR (Cash, Protection, Risk) planning process and focused money management approach.
3. Tax Planning
The passing of TCJA has created the single greatest opportunity in our lifetime to reduce or eliminate taxes in retirement. We’ll look at the taxable nature of your current assets and potential ways to include tax-deferred or tax-free money in your financial plan.
4. Health Care & Long-Term Planning
We’ll look at Medicare Parts A, B, C and D, and how to pay for care that insurance doesn’t cover in order to address rising health care costs and best ensure your needs.
5. Real Estate
Whether you’re looking at downsizing, what to do about a mortgage, or you have highly appreciated rental property that you are not sure whether to hold or sell, we’ll work with you on strategies that are intentionally designed to seek to maximize your investment(s).
Together with qualified professionals, we’ll help create a plan with legal documents designed to make sure that your hard-earned assets go to your beneficiaries in the most tax-efficient manner.
C.A.R.E stands for Client Asset Review Evaluation. Give yourself peace of mind knowing that you have a clearly written, sound retirement plan in place, that will give you control and help you navigate your future.
Ready to Take The Next Step?
For more information about any of our products and services, schedule a meeting today.