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M.A. Kluemke and Associates

Post-Retirement Planning

Although planning is typically done in preparation for an event or specific scenario, this does not necessarily mean that you can’t stop to re-evaluate your situation and make necessary adjustments that will assist you rejoining your original plan projection. Oftentimes, life tosses in a little bit of the unexpected and this can cause us to drift off our path. Here are a few ways to reassess your retirement financial wellbeing.

Will you have enough? When was the last time you sat down and discussed your retirement portfolio? What did they tell you? Were you right on target, a little ahead, or maybe you had accounted for more leaving you extra wiggle room? Regardless of the situation, it is always a good idea to take a periodic look at what’s happening and take into consideration changes that may occur in the future as these could impact your retirement savings. If you find that you are unsure altogether and need someone to talk it over with, feel free to give us a call and we would be happy to guide you through.

Don’t have enough? Do you already know that you don’t have enough or upon revisiting your portfolio have you discovered that there won’t be enough in the long run? It could have been that you retired too early or experienced health issues or loss. Try not to overthink it too much as there may be some real options for you. These options could range from debt consolidation and refinancing to reduction in spending. Perhaps you have loans, credit cards, or a mortgage that we can take a look at, or maybe there is no need for that larger vehicle, which costs more in monthly payments, fuel, and insurance. By taking another look at your income and assets, we may be able to work out another plan for you.

Whatever situation you find yourself in, we’re here for you. Visit us at www.makluemke.com or call us at 217.679.1043 so that we can go over your finances to be sure you’re all set to continue your retirement securely.

By Mark Kluemke

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck