Retirement Planning
Retirement planning is a key component of a comprehensive financial plan, spanning both the years leading up to retirement and the decades that follow. A thoughtful approach can help support financial confidence at every stage.
Wedbush advisors provide guidance on defining retirement goals and expected lifestyle needs, developing income strategies to support spending in retirement, evaluating savings approaches and contribution limits, and coordinating Social Security and pension decisions, all within the context of a broader financial plan.
Preparing for Retirement
Building a clear picture of where things stand today and what retirement may look like helps lay the groundwork for informed decision-making.
Retirement Readiness and Lifestyle Planning
Evaluating current savings, projected income needs, and potential gaps while assessing how spending, healthcare costs, and lifestyle goals may evolve throughout retirement.
Retirement Transition and Benefits
Evaluating timing considerations for retirement, including phased approaches, and guidance on maximizing pension elections, deferred compensation, stock options, and other employer-provided benefits.
Retirement Income Strategies
Developing a sustainable income plan is central to retirement planning, from optimizing benefit sources to structuring withdrawals.
Social Security and Pension Strategies
Evaluating claiming strategies, spousal and survivor benefit options, and coordination with other retirement income sources to help maximize lifetime benefits.
Withdrawal and Distribution Strategies
Evaluating approaches to drawing income from retirement accounts,including required minimum distribution planning, tax-efficient withdrawal sequencing, and coordination across account types.
Tax and Investment Strategies
Managing the tax implications of retirement savings and adapting investment approaches can help support long-term financial outcomes.
Tax-Efficient Retirement Planning
Qualified plans, such as 401(k) plans, IRAs, and profit-sharing plans, must meet the standards of the Employee Retirement Income Security Act (ERISA). Non-qualified plans are supplemental benefits on top of those provided by a company’s qualified retirement plans. They are not required to meet ERISA standards regarding eligibility, participation, documentation, and vesting.
Retirement Solutions
Employer-Sponsored Plans
Retirement plan options for businesses designed to support employer and employee needs.
Individual Retirement Plans
Retirement plan options for individuals designed to support long-term savings goals.
Annuities
Annuity solutions designed to support income planning and long-term financial goals.