Retirement Planning
Use our strategies and retirement advice.
A personalized service
What’s most important to you? Our resources, tools and solutions help you invest for your Life Priorities—family, health, work, leisure and more.
Our investing experience and advice will allow you to do the following:
- Retirement planing and how to save for it
- How to increase savings for retirement
- Cut expenses without sacrificing quality
- How to fine tune your retirement plans & investing
- How to generate retirement income
- How to regularly monitor your retirement income
Holistic Approach
Retirement experts have offered various rules of thumb about how much you need to save: somewhere near $1 million, 80% to 90% of your annual pre-retirement income, 12 times your pre-retirement salary. But what’s right for you? And how do you know you’re on track?
Risk-Free
Will your savings be enough for the retirement income you’ll need?
You may be surprised how much — or how little — even generously-sized accounts could potentially provide over the course of a retirement. The examples below illustrate how much a 65-year-old might safely withdraw in the first year of retirement.
| Savings value at age 65 | Annual income from savings* | |
| $300,000 |  | $12,270/year |
| $1,000,000 | | $40,900/year |
| $1,500,000 | | $61,350/year |
* The accumulated investment savings by age 65 could provide an annual retirement income, adjusted for future inflation (in today’s dollars), of this amount for a life expectancy of 91 years, if withdrawn at a sustained spending rate of 4.09%.
Source: Chief Investment Office, Merrill Lynch Portfolio Analytics, “Beyond the 4% rule: Determining sustainable retiree spending rates,” January 2020.
Just how big your nest egg should be and how long it might last will depend not only on what you save and invest, but also on how you spend it once you do retire. Here are some of the factors to consider as you determine what your unique savings goal should be.
Long History
Understanding your post-retirement expenses and income can help you estimate how much you may need to draw from your personal savings each year in retirement. However, it can be tough to turn that goal into a realistic amount to invest today when your goal is decades away.
Reasonable Fees
There are no any additional fees we charge on such services since this investing strategy is part of our over all investment advisory services. The annual fees paid cover this service.