Retirement Planning

At One Financial Services we recognize the need for retirement plans to be as individual as each of our clients and their lifestyles. That is why we use a process designed to calculate current earnings, future earnings, current debt and future debt.  Additionally, the formula considers your retirement plans, your lifestyle, as well as your spending and saving habits. We then combine those numbers with your retirement and savings accounts. When all of these financial estimates are assembled, we can create simulated outcomes to determine the probability of success. 

Your One Financial Services advisor will then fine-tune the exposure between equity and fixed income asset classes with consideration to each individual client’s emotional attitudes about risk exposure, taking into consideration the client’s unique set of facts.

Our individualized process challenges traditional definitions of risk, replacing it with testing and logic so that emotion is removed from investing. At One Financial Services, we are here to help keep you and your future safe.

 

Retirement Planning FAQs:

What is the One Financial Services approach to retirement?

Our approach is to assess if you are on track to have enough capital to support the level of cash flow you believe will be required to meet your income needs in retirement.

We make this assessment with the use of a probabilities-based analysis which simulates the impact of sequence-of-return risk on your withdrawal estimates.

How will I know when I have enough money to retire?

This question emphasizes the “personal” in the phrase, personal finance. The average retirement lasts 20 to 25 years. During that span each life experiences different needs and challenges: Will you have funds for medical expenses or personal care? Do you want to travel the world? Is taking care of family a top priority?

At One Financial Services, our detailed process allows you to see clearly your current financial status and as a result, to see if your retirement goals are realistic while allowing for market fluctuations and the unexpected event. If your goals are realistic, we help you stay on track. If not, we provide advice as to how to make adjustments to meet those goals.

Should I be debt free in retirement?

The answer to this question is dependent upon each individual’s situation and personality. Some clients are comfortable carrying reasonable debt, some are not.

It is also essential to assess the tax consequences of becoming debt-free. Many people today have accumulated retirement funds with tax-deferred savings. The withdrawal of these funds will be taxable in the year withdrawn. If the debt payoff will only be possible from a withdrawal of retirement funds, it is important to be mindful of the tax liability that comes with the desire to be debt-free.

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