Retirement Planning

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals.  Steele Financial Services, LLC, has a long track record of assisting clients with the strategic development of a successful retirement plan. This systematic method includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal will be achieved and, therefore, what adjustments need to be made in order to reach the goal.   

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include such lifestyle choices as how to spend time in retirement, where to live, when to completely quit working, etc.  Tom Steele's holistic approach to retirement planning considers all of these areas. 

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person's working life, retirement planning is about setting aside enough money for retirement. During the middle of an individual's career, it might also include setting specific income or asset targets and taking the steps to achieve them. In the few years leading up to retirement, financial assets are more or less determined, and so the emphasis changes to non-financial, lifestyle aspects.

Call Tom Steele to begin developing your retirement plan today or reevaluate your existing plan to ensure it meets current and future needs. 

Virginia: (804)717-5544
Soth Dakota: (605)847-5002