Retirement Planning

If you are like most of our clients, planning for a comfortable retirement is probably one of your primary goals. At Seneca Financial Advisors, we provide detailed analyses and forecasts of your pre- and post-retirement life to estimate your financial needs in retirement — and help you plan accordingly. Specifically, we:

• Identify and quantify retirement resources that will be available during your retirement, including:
  • Social Security
  • Pension plan benefits
  • Supplemental pension benefits
  • Profit-sharing plans
  • Non-qualified deferred compensation
  • Individual Retirement Accounts, 401(k) plans, and similar savings plan vehicles
  • Taxable investments
  • Annuities
  • Life insurance
  • Health insurance
  • Long-term care insurance
• Establish objectives for your standard of living by analyzing your current income and expense needs, then projecting that lifestyle to future years
• Develop a retirement model to analyze and compare your needs versus resources available at retirement, identifying any inconsistencies and providing recommendations to address them
• Advise you on how to maximize your retirement resources based on various investment returns and strategies for increasing after-tax income
• Monitor your retirement model on a regular basis, applying recommendations, tracking progress, and making adjustments for changes in economic conditions, asset composition, and your personal situation and goals
• Align your related financial planning strategies, including taxes, investments, your estate, and insurance, to make sure they correspond with your long-term retirement objectives