THE PLANNING PROCESS
The objective of Retirement Directions LLC is to develop a personalized Retirement Roadmap which will clarify your vision of the years ahead and provide options to help you achieve it.
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You choose the areas you want to examine—for example:
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· Cash Flow
· Asset Inventory & Valuation
· Risk Tolerance
· Asset Allocation/Hedging Strategies
· Risk Management
· Tax-Efficiency of Investments
· Retirement Income Needs
· Income Distribution Planning
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· Evaluation of Health Insurance Needs
· Evaluation of Long-Term Care Needs
· Estate Tax/Estate Settlement Analysis
· Life Insurance Evaluation
· Review of Beneficiary Designations
· Property Title Review
· Gift & Charitable Planning
· Wills, Trusts & Probate Planning
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The results of the planning process will be delivered to you in a simple, understandable format. You will receive a written plan specific to your situation, along with reference materials where appropriate.
For consultation engagements, you choose the fee schedule which suits you best—flat fee or hourly. Following delivery of the initial results and recommendations, you decide whether ongoing management/ monitoring services are needed and what form they will take. An annual retainer fee will be agreed upon in advance for ongoing services.
We will mutually agree to a Client Services Contract and/or Letter of Engagement, depending on the complexity of the engagement, so we will both have in writing the services you expect to receive. You will have responsibilities in the planning process, too—mainly for providing needed information and documents—which are also outlined in the Contract/Letter. If you contract for investment management or monitoring services, we will together develop an Investment Policy Statement to guide these activities.
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