Creating a Roadmap to a Secure Retirement

Client: Mary McGowen, a single mom of two adult children, would like to know if she can retire today. How much money will she need to have a happy and stress-free retirement?

Additional Questions: How We Helped the Client?

1.    How much money does Mary need to retire comfortably?
2.    What are the most critical components of her retirement plan?
3.    How does she adjust her plan to account for inflation?
4.    What tools can Mary use to track progress towards her goals?
5.    How often should she update her financial plan?

Our Solution: We put together the following reports for Mary, and each report has a summary worksheet or table that shows her how much her income is, and her assets and loans in each year of her retirement. Thus, she has a written document to ease or mitigate her worries about not having enough money, or running out of money in retirement. (1) Retirement Income report (SIPS) - it shows her cash flows (income & expenses), and her (2) comprehensive, detailed and written Retirement Plan - this is a dynamic and working plan, updated every quarter so Mary knows what she has in financial assets at all times.

Client: To see a sample of the two reports we prepared for Mary, please click below: