Thinking about retirement? Whether you know when you are going to retire or need help deciding when retirement makes financial sense, work with FS Financial Strategies to map out your own, realistic plan.

Gathering information and exploring goals

The first thing you’ll do is answer a lot of questions. FS Financial Strategies owner Robin Gruber is a financial advisor with a history of helping clients peer into their future and envision what they want life to be like in retirement. Together, you’ll pull together all of your financial information: current income, Social Security statements, pensions, investments, 401Ks, IRAs, and savings, and discuss your current expenses. Then, it’s time to discuss your hopes and dreams for the future as well as responsibilities. Many people nearing retirement are caring for elderly parents, helping out children financially, or planning to pay for grandchildren’s college.

A plan designed for you

Your personal retirement plan develops out of the information collected and reflects your personal needs and goals, for now and the future. Usually, that means designating certain resources to various years of your life and preserving the principal so that it continues to earn. It also means considering inflation and cost-of-living adjustments.

Nobody has a crystal ball

While you can’t imagine every possible scenario, it’s important that your retirement planning includes expecting the unexpected. Beyond health issues, major home repairs or a need for help at home, family matters can spur change. You may intend to stay in your current city now, but what if your children and grandchildren move across the country? Will you stay or go? Your retirement plan should be flexible enough to handle changing circumstances, new interests, and future goals. With FS Financial Strategies, you’ll regularly review and talk about any adjustments necessary so that your plan continues to meet your needs.