Make the right decisions now so that you can retire on your schedule and as you'd like. Working with you, we’ll review the trajectory of your current plans and consider options to accelerate wealth and your retirement schedule. The end goal is to confidently know that your plan is both viable and on track.
Personalized financial planning solutions for a fraction of the cost that traditional CFPs charge
How does it work?
Our financial advisors will:
Complete an income needs analysis (i.e. how much you’ll need to fund your retirement lifestyle)
Review your current retirement savings and contributions
Stress test your plan based on your specific concerns (i.e. a down markets, outliving your savings, a major health events, etc.)
Assess the likelihood of success for your current plan
Review your distribution strategy (*for members who are two years or less from retirement)
Prepare and present proposed changes (i.e. changing your contributions, consolidating old retirement plans, reviewing potential tradeoffs, etc.)
After a full review of your retirement planning strategy, we’ll help you proactively monitor your position along the way. Of course, if there's ever a significant change to your financial situation, be sure to let us know. We’re always happy to adjust your plan as needed.
Range planners employ industry-leading tools to determine if you’re on track for retirement. Once we've gathered what's needed to evaluate your retirement situation, we'll update your Range account to reflect the options we've proposed; all based on your unique needs and timing. Range is easy to understand, so you’ll grasp the critical details without needing to read through stacks of documents.
You’re currently contributing 5% of your gross income towards your employer’s retirement plan. By increasing your contributions to 8%, you could improve your likelihood of a fully funded retirement from 70% to 89%. Depending on your HR department, this may take a full pay cycle before the change is reflected, so we recommend you complete this a quickly as possible to begin taking advantage of the tax deferred growth.
Retirement Recommendation Example
Max out your HSA contributions ($7,750 for 2023)
Since you plan to retire prior to age 65, you will need to obtain private health insurance. Contributing now to an HSA will allow you to take distributions for insurance premiums, co-pays, and other out-of-pocket expenses on a tax-free basis instead of funding from either a taxable or retirement account. Increase your contributions to $298 per pay period since you are paid bi-weekly.
Still have questions?
Set up a 1:1 call with our team to get a walk through of the product. Just take a moment to create an account and fill out our form. You can also call or text us now at 917-727-2313
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