Ann is 62 and is looking forward to retirement. She wants to begin planning before reaching her full retirement age in order to make a confident and comfortable transition. Her spouse is already retired and their children are grown. Between coordinating ongoing health care needs for Ann’s aging parents and juggling her own career, she needs help planning for her retirement. Her company has offered early retirement packages, but she isn’t confident she has enough information to evaluate the offer and make an informed decision. She’s seeking help forecasting expenses and cash flow needs in retirement, including managing personal loans, understanding income from Social Security and required minimum distributions (RMDs) and evaluating Medicare eligibility.
Ann wishes to understand if her retirement funds will afford her desired lifestyle in retirement. Creating a cash flow plan both now and in retirement will help her manage her income sources with her anticipated spending. Her estate plan was executed many years ago, and she needs help completing financial and health directives.