Communication is Key
Melinda and Greg have done a very nice job of preparing for retirement. With the amount of money they had set aside in their 401(k) plans, along with a pension and their Social Security, they had significant assets available to them in retirement. In our meetings leading up to retirement, they clearly shared their desire to travel after they both stopped working. They also love spending time with their kids and grandkids, and they shared how they wanted to be closer to them during retirement.
Working with Melinda and Greg well before they retired allowed us time to get to know them and learn what is most important to them. We’ve been able to modify their portfolio as their needs changed and as they’ve moved from working to retirement. Presently, our meetings and conversations focus on their income needs.