Retirement Planning
Retirement Planning for Every Stage
What money are you prepared to spend first in retirement? A strategy based on your income sources can help you decide, and you won't have to work it out alone. We help you build toward retirement with a data-driven strategy, then guide you through the transition into a dependable income strategy once you get there.
Building a Retirement Income Strategy
Who is this For?
Building a Retirement Income Strategy
Social Security Planning
We help evaluate when and how to claim Social Security benefits as part of your broader retirement income strategy, considering your needs, goals, and other sources of retirement income.
Pension & Employer Plan Decisions
We help you evaluate pension options and employer-sponsored retirement benefits and determine how they can work alongside your savings, investments, and other income sources.
Tax-Aware Withdrawals
A thoughtful withdrawal strategy considers which accounts to draw from and when, with the goal of managing taxes while supporting your ongoing retirement income needs.
Required Minimum Distributions
We incorporate required minimum distributions into your retirement income strategy, coordinating them with your other withdrawals, income needs, and tax considerations.
Sequence-of-Returns Risk
Market declines early in retirement can have a greater impact when you’re simultaneously withdrawing from your portfolio. We consider this risk when developing an investment and withdrawal strategy designed to support income throughout retirement.
Longevity & Healthcare Considerations
A retirement income plan should account for the possibility of a long retirement as well as changing healthcare needs and costs. We incorporate these considerations to help create a strategy designed to support your financial needs over time.
Our Retirement Planning Process
The Outcome
A strategy that carries you from saving through spending, so retirement is something you're prepared for rather than something you're guessing at.
Start Planning Your Retirement
Working with Mattson Wealth Management gives you a realistic picture of when you can retire and what that retirement can look like, backed by a strategy built around your specific timeline. We help you navigate decisions on employer plans, Social Security timing, and pensions, then help turn those savings into a sustainable stream of income once you get there. Along the way, we work to help you manage risks like market downturns early in retirement, so you can move forward with fewer surprises.
Frequently Asked Questions
When should I start retirement planning?
As early as possible. The sooner you start, the more flexibility you have. That said, it's never too late to build a strategy.
How do you decide when I can retire?
We look at your savings, income needs, expected expenses, and other income sources to help determine a realistic retirement age and how it might shift with different choices.
How much can I safely withdraw each year once I retire?
It depends on your total savings, expenses, and other income sources. We build a withdrawal approach specific to your situation, not a generic rule of thumb.
What is sequence-of-returns risk?
It's the risk that poor market returns early in retirement can have an outsized impact on how long your savings last. We build strategies designed to help manage that risk.
Do you help with Social Security decisions?
Yes. We help clients understand their options and choose a timing strategy that fits their broader plan.
How do taxes affect retirement withdrawals?
Where and when you withdraw money in retirement can have important tax implications. A thoughtful withdrawal strategy considers taxes alongside your income needs and broader retirement plan.
How often should my retirement plan be updated?
Your retirement plan should be reviewed regularly and updated as your life, goals, finances, or retirement timeline change. Keeping your plan current can help ensure your strategy continues to reflect where you are today and where you want to go.