Dunnigan Financial

Retirement Planning in Fort Collins

Senior mid 60s aged woman calculating bank fee with computer.

01.

Retirement Planning for Lifelong Independence

Retirement is inevitable, and with it comes the need to plan accordingly to handle unprecedented events. Whether retirement is nearing or not, retirement planning is fundamental to your Financial Plan as well as for the wellbeing of your loved ones.

What is retirement planning, and why should you do it? Check out this smart guide on retirement planning and the importance of getting a financial advisor focused on your retirement to walk with you.

02.

What Is Retirement Planning?

Retirement planning involves the process of preparing today for your retirement income goals. Retirement income planning allows you to potentially meet financial goals independently during retirement. Generally, retirement planning involves identifying your income sources, assessing your expenditure, and implementing a life-term savings program.

Retirement planning also involves asset and risk management with the help of a professionally qualified retirement plan advisor. The average American spends about 20 years in retirement. While this is just a fraction of the average lifespan, retirement planning helps diligent Americans to retire confidently.

There is a need for the average American to involve a retirement planner in their finances. A retirement plan advisor can show you the various plans available and make good use of them.

Senior couple walking on the beach holding hands at sunrise, plan life insurance at retirement concept.

03.

Types of Retirement Plans

The IRS outlines several types of retirement plans available to Americans. The common types of retirement plans include:

Individual Retirement Arrangements (IRAs)
401(k) plans
Roth IRAs
Savings Incentive Match Plans for Employees (SIMPLE plans).

Contact a retirement planning professional in northern Colorado to advise you on the available retirement plans and help you implement an appropriate strategy.

Benefits of Retirement Planning

Why should you plan for retirement as early as now? It is important to note that you retire from work and not life. Retirement planning helps you prepare to fulfill post-retirement financial dreams and goals. Additionally, you want to be able to maintain your lifestyle without unnecessarily worrying about expenses.

Retirement income planning helps you determine your source of income during your retirement years and how to better position your current income to work toward your retirement income goals. Speak to a retirement planning advisor in Fort Collins to help you understand the benefits of each retirement plan.

Stability During Emergency

You wouldn’t want to depend on others to help you offset medical expenses and financial emergencies. With the proper retirement plan guided by an experienced retirement planner, you can prepare a financial web that can potentially hold you in the event of unforeseen events.

Retirement Goals

Retirement allows you to fulfill your goals which may include traveling or picking up a new expensive hobby. Without retirement planning as early as now, accomplishing such goals won’t be as easy.

Leaving A Legacy

You are currently working hard to give your family and dependants a comfortable life. However, you also want to prepare for this comfort to last even in your absence. With retirement savings, you can build your retirement savings and investments that you will leave behind to better prepare for your family’s comfort.

Laptop, writing and bills with old woman at home for retirement fund savings, pensioner asset and budget. Tax return, planning and loan approval with senior person in apartment for online finance

04.

What’s Included In My Financial Plan?

Your financial plan is designed to fit your life and your needs when it comes to your goals around your finances.This could include things like paying for your kids to go to college, how to save for a comfortable retirement, creating an emergency fund, creating an estate plan, and even giving money to your favorite charity. Our fee based financial planning services in Fort Collins range across a wide variety of functions that all depend on what your financial situation requires. Some common areas that we focus on include:

Retirement Income Analysis
Tax Planning
Estate Plan Review
Insurance Review (Life and Long-Term Care)
Investment Management Analysis
Budget Analysis
Business Succession Planning
Alternative Income Strategies
Debt Analysis
Cash Flow Analysis