Retirement Planning

We have found that due to increased life expectancies, more Americans realize that their retirement plans must address needs that arise over a longer time horizon.  People with the best chance of achieving and maintaining quality of life in their older years must anticipate these needs and plan for their retirement years.   CBA’s goal is to bridge the gap between today’s dreams and tomorrow’s reality.

Retirement Planning involves the systematic evaluation of your spending needs at various points in retirement and all potential sources of income.  Our professionals devise a plan to help meet those goals.   Income sources include personal assets, accrued benefits from current and previous employers, and Social Security benefits. Our professionals perform a rigorous analysis to help determine whether projected after-tax income, adjusted for inflation, might support the lifestyle you wish to enjoy during retirement. If retirement income appears to be inadequate, they recommend appropriate adjustments to your plan. By anticipating these issues in advance, our team can help you to begin preparing for them now. 

There are three distinct phases to retirement planning:

Pre-Retirement Planning:

  • Understanding the lifestyle you anticipate in retirement
  • Estimating living costs throughout retirement
  • Projecting the income you can expect from all sources
  • Developing investment return assumptions, including probability analysis
  • Establishing targeted savings rates
  • Techniques for special situations including evaluating severance packages, early retirement options, selecting options within employer sponsored pension plans, etc.

Planning at retirement:

  • Personalized strategies for the management of retirement assets
  • Expert guidance to help avoid needless taxes and penalties
  • Assistance in making crucial beneficiary and distribution decisions
  • Extended tax-deferral through the innovative Multi-Generational IRAs
  • Long term care planning

Post-Retirement Planning:

  • Integrating income that phases in over time
  • Required minimum distributions
  • Coordinating estate planning issues
  • Intergenerational planning emphasizing the development and preparation of family wealth philosophy statements

The professionals that make up CBA's wealth management group stand ready to assist you with your retirement planning needs.