How Nancy Helps

WHAT SHE CANNOT DO:

  • tell you exactly how long your retirement assets will last
  • protect you from catastrophe
  • guarantee a financially secure retirement.

WHAT SHE CAN AND WILL DO:

  • reduce the uncertainty about how long your retirement assets will last.
  • help you determine your best option for both pension plans and Social Security
  • help you determine if you are on track toward the retirement you want
  • help you prepare for potential catastrophe
  • recommend adjustments that may improve your prospects for a comfortable and financially secure retirement.

REDUCING UNCERTAINTY

 

You could make a ballpark guess about how long your assets will last with a simple equation:

Amount of assets you will have  divided by (Annual amount you will need minus pension income and Social Security)  =  Number of years

 Problem:  your ballpark will be very large because other factors could skew your estimate by several years.

  •  What happens to your estimate if inflation kicks in?
  • Or if another stocK market dive hits your investments?
  • Or if illness blows a hole in your budget? 
  • Or if you want to move south for the winter but aren’t sure you ccan afford it?

Nancy will

  • help you narrow the range of possible outcomes for your retirement
  • show you how specific factors and the way they shift could affect how long your assets will last.

Example:   if all other factors remain constant, an increase of 2% in the average rate of inflation over twenty years, without a corresponding increase in the growth of your retirement assets, could reduce the time your money will last  by more than a decade.  

ARE YOU ON TRACK?

Nancy will analyze your current income, expenses, assets and liabilities, along with your plans for retirement Then she will develop hypothetical scenarios showing how factors such as age of retirement, inflation, severe economic downturns, and rate of growth for your retirement savings would affect your cash flow, as well as how long your retirement savings will last.


These hypothetical scenarios cannot be taken as predictors of what will actually happen, but they are useful guides  for determining whether or not you are on track and, if you are not, for suggesting how much you need to adjust your current plans. 

PREPARING FOR POTENTIAL CATASTROPHE:

Some people breeze through life without any serious disruptions.  Most people don't.  The best defense is to be as well prepared as you can be. Knowing what frequently happens to sidetrack retirement plans and how such events could affect your finances is the first step in a preparation plan.  Nancy will show you where you are vulnerable and suggest ways to improve your defenses.  (No, she does not sell insurance products, but you do need to know what could happen if you are not prepared.) 

IMPROVING YOUR PROSPECTS FOR A FINANCIALLY SECURE RETIREMENT

Perhaps your analysis will show that you’re all set for what will likely be a retirement without financial worry.  In that case, Great!  


If not, some adjustments may be in order.  Some may be obvious, others not. Nancy will help you determine what those adjustments might be, as well as the impact they would likely have on your retirement.  She will also provide recommendations for improving your progress toward a financially secure retirement.