We're here to guide you toward the retirement you deserve.
Helping You Keep The Same Consistent Income
The key to a long and rewarding retirement is knowing exactly how much money you need to stay comfortably retired. We can help identify your retirement number to set you up for success.
Create A Retirement Plan With Flexibility
Even the best plans are subject to change—personal goals may shift or may markets rise and fall. We’re here to help you navigate those changes and provide guidance no matter what happens.
Even the best-laid plans are subject to change. Your personal goals change, calling for revised structure. The world spins and markets move, calling for disciplined portfolio rebalancing. Outside influences throw you curveballs to catch or avoid, calling for adept adaptations. The point isn’t to avoid making changes, but to make them deliberately and cost-effectively, guided by reason and resolve rather than rash reaction.
Strong emotions are tied to health, family, money, and faith because a lot of emotional value is invested in each one. This causes money to be a major determining factor in many decisions made throughout your life. The pain of losing money is twice as great as the joy of gaining the same, so it is equally as important to manage your emotions, as it is to manage your money. Don’t make irrational decisions which are often made at the wrong time. When it comes to investments, what your emotions tell you to do is often the opposite of what you should do.
Fear lives in all of us and often drives our decisions. These are the three fears we have discovered while working with retirement planning clients:
1. They will run out of money
2. They are not maximizing there earning potential
3. They are not being able to enjoying retirement because they worry about their finances
The Tranel Financial Group retirement planning process, known as The Life Enjoyment Experience™, is designed to answer these three fears.
The twin destroyers of wealth
Taxes and Inflation is your retirement’s worst enemy and if left unattended, will cause you to outlive your money. Over a 20 year period, a 3% inflation rate will cause the cost of living to increase by 80%. Taxes will always go up and play a significant role in your retirement income. By combining inflation and taxes, the destroyer of wealth is created. Good news is these factors are manageable with good retirement planning in place.We offer all the retirement services you need.
Enjoy your life to the fullest by knowing exactly how much money you need to retire comfortably because you only get one shot at cracking open your nest egg.
Your time horizon is one of the most commonly overlooked scenarios because anyone can predict how long of a time horizon they have when planning for college, or the date they retire. Retirement however is until the day you die and no one knows that date. It is very important your retirement plan is designed to outlive you, so you do not outlive it.
Sequence of returns
Sequence of returns plays the largest role in retire- ment because you have no control over where the market and your investments will be, when you re- tire. When you are working and contributing to your 401k, it does not matter when the market is up or down because you are continuing to add money to your account. See the illustration below.
When you retire you will need to withdraw money from your account regardless if the market is up or down. If you retire into a down market and you are withdrawing money, you are compounding your loss. Our retirement planning process is designed to protect you from this very scenario.
Dollar cost averaging
This last section addresses Dollar Cost Averaging. Anyone who has a 401k or is contributing to an IRA, are doing this. It is a powerful way to grow your money over a reasonable period of time. As stock prices fall, you are able to buy more shares. Then when the stock price goes up, you own more stock. With the higher price, you are able to buy less.