Pre-Retirees & Retirees

Pre-retirees: are in the last stretch of their working years. The main goal here is shifting from aggressive growth to protecting what you have built & Retirees: Once you stop working, the challenge becomes turning accumulated assets into a steady paycheck

Pre-Retirees:
The Final Countdown (Ages 55–65)

Pre-retirees are in the last stretch of their working years. The main goal here is shifting from aggressive growth to protecting what you have built. At Colorado Financial Advisors, we can help you:

Make a Spending Plan: Develop a withdrawal strategy that considers your income needs, account types, tax considerations, and long-term financial goals. Include big, occasional costs like property taxes, car upgrades, and vacations

Test Drive Your Budget: Live on your projected retirement income for six months while you still have a paycheck. This can help show you where adjustments may be needed

Reduce Debt: Try to pay off high-interest debt and large bills like your mortgage so your fixed costs are as low as possible on day one

Retirees:
Managing the Income Phase (Ages 60+)

Once you stop working, the challenge becomes turning accumulated assets into a steady paycheck. At Colorado Financial Advisors, we can help you:

Build an Income Blueprint: Develop a withdrawal strategy that considers your income needs, account types, tax considerations, and long-term financial goals

Evaluate Social Security: You can claim benefits at age 62, but waiting until your full retirement age (66 or 67) or up to age 70 increases your monthly payout for life

Manage RMDs: Monitor distribution requirements from retirement accounts and develop a strategy for incorporating RMDs into your broader retirement income plan

Plan for Inflation and Care: Consider strategies to address the potential impact of inflation and future health care expenses, including evaluating long-term care coverage options where appropriate.

Here are some helpful resources to learn more about these subjects.

Investment services

Learn about retirement planning

Types of Retirement Plans

Learn about tax services

Long-Term Care

Learn about long-term care insurance

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Schedule a consultation with our Denver financial advisors today. Let’s discuss your goals and create a personalized financial plan tailored to your needs.

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