Retirement Planning Services

Getting a Clearer Picture of Retirement

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WHAT IS RETIREMENT PLANNING?

Getting a Clearer Picture of Retirement.

Retirement is one of the most exciting milestones in a family’s life. As with any life cycle step, good planning can make a big difference in the outcome.

For an increasing number of Americans, retirement looks different than it did for their parents and that means retirement planning looks different.

HOW DO YOU START RETIREMENT PLANNING?

A large number of our financial planning clients are looking for guidance on retirement planning. Our approach to retirement planning is the same as our approach to financial planning – holistic, and personalized.

STEP 1

We start by asking hard questions – most of which have nothing to do with money or your financial situation.

Step 2

We develop a cogent vision of your retirement and think about what you want to do with this phase of your life.

step 3

From there we will discuss retirement goals and get into what is feasible and how we can achieve the vision.

Planning for Alternative Retirement

When one career affords you the opportunity to make lifestyle changes before the traditional ‘retirement’ age, it can mean the possibility of a second career pursuing a passion project or working part-time. Passport Wealth Management has supported the retirement planning for clients wishing to pursue a variety of early retirement options, from part-time careers to building a non-profit from the ground up. Smart retirement planning and a holistic financial plan can help make new dreams a reality.

Active adult communities around the country, and even the world, market to the retiring Boomer who is interested in an active lifestyle.  Some of our clients choose to take long trips every year during retirement.  Others have taken up hobbies such as yachting, sailing, or playing golf at famous courses around the world.  Still, others have taken up collecting treasures, hiking, or checking places off their bucket list.  Whatever active retirement looks like for you, smart retirement planning can help get you there.

Americans are increasingly seeking to retire full time or part-time overseas.  The cost of living may be much lower, the climate more attractive or the cultural offerings more interesting.  Living abroad can be an exciting new adventure and one that we know well at Passport Wealth Management.  But we also know that careful financial planning is critical—it must consider exchange rates, foreign and domestic tax implications, and international regulations.  We understand what is involved, and can include these considerations in our retirement planning work so that you can maximize your time abroad.

A sabbatical is a leave of absence from one’s regular work responsibilities—usually with pay, but not always—for research, rest, or recreation. University professors are often granted a sabbatical every seventh year. But outside of academia, many industries are offering career workers some time off, often to explore ways their work can be applied in new contexts. Whether your company is funding your sabbatical, or you are doing so on your own, it is important to plan for your re-entry.  Sabbaticals can also be a great time to take advantage of tax-efficient or tax-aware investment and planning strategies.

Early Retirement

When one career affords you the opportunity to make lifestyle changes before the traditional ‘retirement’ age, it can mean the possibility of a second career pursuing a passion project or working part-time. Passport Wealth Management has supported the retirement planning for clients wishing to pursue a variety of early retirement options, from part-time careers to building a non-profit from the ground up. Smart retirement planning and a holistic financial plan can help make new dreams a reality.

Active Retirement

Active adult communities around the country, and even the world, market to the retiring Boomer who is interested in an active lifestyle.  Some of our clients choose to take long trips every year during retirement.  Others have taken up hobbies such as yachting, sailing, or playing golf at famous courses around the world.  Still, others have taken up collecting treasures, hiking, or checking places off their bucket list.  Whatever active retirement looks like for you, smart retirement planning can help get you there.

Retirement Abroad

Americans are increasingly seeking to retire full time or part-time overseas.  The cost of living may be much lower, the climate more attractive or the cultural offerings more interesting.  Living abroad can be an exciting new adventure and one that we know well at Passport Wealth Management.  But we also know that careful financial planning is critical—it must consider exchange rates, foreign and domestic tax implications, and international regulations.  We understand what is involved, and can include these considerations in our retirement planning work so that you can maximize your time abroad.

Sabbatical Planning

A sabbatical is a leave of absence from one’s regular work responsibilities—usually with pay, but not always—for research, rest, or recreation. University professors are often granted a sabbatical every seventh year. But outside of academia, many industries are offering career workers some time off, often to explore ways their work can be applied in new contexts. Whether your company is funding your sabbatical, or you are doing so on your own, it is important to plan for your re-entry.  Sabbaticals can also be a great time to take advantage of tax-efficient or tax-aware investment and planning strategies.

Strategies for Retirement Planning

At Passport Wealth Management, nothing happens without a clear map of the territory—we learn everything we can about your plans, your hopes, your “blue-moon wishes,” as well as your current and future commitments.

We take into account tax-efficient investing strategies, holistic financial planning, long-term investment management, and more.

It is never too early to consider your retirement goals and include retirement planning in your financial plan.

Discuss Retirement Planning with Passport Wealth Management.

EXPLORE

EXPLORE

This is our opportunity to sit down and discuss what matters to you and the challenges you’re facing. We need to understand who you are and what makes you tick before working with you to develop your plan.

STRATEGIZE

STRATEGIZE

Tell us your goals and recommend how you achieve them from a financial standpoint. This might include changes to how you’ve managed your investments in the past, tax planning strategies and your estate.

IMPLEMENT

IMPLEMENT

We take the action steps from the strategy and execute them. Many of these items will be taken care of together. Others may require us to include other professionals, such as your CPA, insurance agent, or your estate attorney.

ADAPT

ADAPT

Over time your goals and needs may change. Your financial plan must adapt to this change. We’ll reassess your strategy together and adapt your financial plan to achieve your new goals. This may include revising estate documents or insurance plans.

EXPLORE

EXPLORE

This is our opportunity to sit down and discuss what matters to you and the challenges you’re facing. We need to understand who you are and what makes you tick before working with you to develop your plan.

STRATEGIZE

STRATEGIZE

Tell us your goals and recommend how you achieve them from a financial standpoint. This might include changes to how you’ve managed your investments in the past, tax planning strategies and your estate.

IMPLEMENT

IMPLEMENT

We take the action steps from the strategy and execute them. Many of these items will be taken care of together. Others may require us to include other professionals, such as your CPA, insurance agent, or your estate attorney.

ADAPT

ADAPT

Over time your goals and needs may change. Your financial plan must adapt to this change. We’ll reassess your strategy together and adapt your financial plan to achieve your new goals. This may include revising estate documents or insurance plans.

For more information on our investment management philosophy, retirement planning, or holistic financial planning, please give us a call at (704) 457-0060. Passport Wealth Management works with clients around the world from our offices on the shores of Lake Norman in Cornelius, North Carolina. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

Ready to Start Retirement Planning?

Schedule a consultation to speak with a fee-only financial planner.

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