8 Retirement Planning Priorities for the Rest of 2023

1. Retirement Timing

For clients who have not yet retired, determining the timing of their expected retirement is a key element in the planning process. For younger clients with 15 to 20 years or more to go, this often will be a somewhat loose date. For clients closing in on retirement, this date should be more defined.

The key here is to help you and your client formulate a plan to allow your client to retire on their timetable and terms, and then have a sufficient nest egg to last through their retirement years. This can be a fluid destination for clients far away from retirement and might also be a bit fluid for clients later in their careers. An increasing number of people are entering partial retirements, including those who launch a second career in retirement and the trend towards “unretiring” for many baby boomers.

While the timing or circumstances may change periodically, it’s important to revisit this number with clients periodically to ensure that everyone is on the same page planning wise.

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