What do you see yourself doing in retirement? No matter what age you are or what assets you have, this is a question that we will all ask ourselves at some point during our careers. You may envision your dream retirement as traveling the world, purchasing a vacation home, donating to charitable causes, or even just sufficiently providing for your family. But it actually takes careful financial planning for these dreams to be realized.  

Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. So how should you view and manage your retirement savings plan through different stages of your life?

Just Starting Out

When it comes to retirement planning, it's never too early to start saving. While your primary concerns may be centered around paying for living expenses and kick-starting your career, being young gives you an edge if you want to build wealth for retirement. 

Developing a savings plan and investing early will allow you to benefit from compound interest, take more investment risks, and have a sound direction for achieving your retirement goals. 

We work with individuals who are just starting their careers by helping you to identify effective savings plans, invest your money properly, and establish strategies for both short and long term financial success. 

Getting married and starting a family

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Saving for retirement as a couple can have some advantages, but certain financial decisions are more complicated for couples. As this may be a time when your income is rising, expenses may be as well. This is also the time when the financial decisions you make have the greatest impact on the financial lifestyle you enjoy during retirement. 

We understand that during this stage of your life, your priorities are beginning to shift and accumulating savings has become critical. We work with you to develop savings plans for education expenses, adjust your investment strategies according to risk, and ensure that your long term plan will provide sufficient retirement funds for you and your family. 

Are you on the right track for retirement? Use this retirement calculator as a starting point to help with your planning. 

Owning a Business

As a business owner, you have a  wide array of retirement planning options available that can be designed to meet the unique needs of  both yourself and the business. The plan you choose depends on the size of your business, how it is structured and how much money you can afford to put aside. 

 At Optimum, we discuss the different types of retirement plans that you might want to consider and help you choose one that is appropriate for the financial goals of you and your business. We help simplify your retirement plan so you'll have more time to run your business. 

Looking for employee retirement plans for your company? We're here to help! Fill out this form and one of our advisors will contact you about the best plan for your business.

Nearing/ During Retirement

The years leading up to can be some of the most enjoyable and fulfilling times of your life. However, they also are the most important in deciding the lifestyle that you will after leaving the office. This is an important time for you to be thinking about the different sources of retirement income you'll have, ranging from social security to personal savings to a pension and any other sources of income. 

Other important things to consider include deciding how any unexpected health emergencies will be paid for, estate distribution and gifting, choosing a financial power of attorney, and ensuring that your affairs are put together as you wish. 

Our team of advisors work with you to ensure that you are provided with sufficient funding and resources to retire how you want to. We partner with other professionals to handle all necessary legal responsibilities to provide you and your family with a piece of mind for the entirety of your retirement. 


Are you ready for Retirement? 

Review this checklist to see where you stand.