Financial Advisor for Pre-Retirees
Preparing for the Transition From Saving to Retirement
The years leading up to retirement often involve some of the most important financial decisions you will make. After decades of saving, the focus begins to shift toward when you can retire, where your income will come from, how taxes may change, and how your investments should support the years ahead.
Clark Wealth Partners works with individuals and families approaching retirement to build a strategy around those decisions before the paycheck stops. Trust Clark Wealth Partners as your financial advisor for pre-retirees.
Building Your Retirement Income Strategy
Retirement changes how you use your assets. Instead of regularly contributing to investment and retirement accounts, you begin determining which accounts to draw from and when.
We help evaluate how Social Security, pensions, taxable investments, traditional retirement accounts, Roth accounts, and other income sources can work together. The order and timing of withdrawals can affect both your current income and your tax situation over time. Turn to Clark Wealth Partners for retirement income planning.
Tax planning is an important part of that process. The years immediately before and after retirement may create opportunities for Roth conversions, capital gains planning, charitable giving strategies, and other decisions that can influence future taxes. Ask us about wealth management before retirement.
Making the Decisions That Come With Leaving Work
Choosing a retirement date involves more than determining whether you have accumulated enough.
Healthcare coverage can be a significant consideration for anyone retiring before Medicare eligibility. Pension elections may require choosing between a lump sum and lifetime payments. Social Security can be claimed at different ages, while workplace retirement plans may need to be evaluated alongside your other investment accounts.
We help you work through these decisions together rather than making each one separately, including:
- Retirement timing
- Social Security claiming strategies
- Pension elections
- Medicare and healthcare planning
- Retirement account withdrawals
- Roth conversion opportunities
- Investment allocation and risk
- Tax planning
- Charitable giving
- Estate planning considerations
Planning Beyond the Retirement Date
A retirement plan should account for more than the first few years after you leave work. Your income needs, investment strategy, taxes, healthcare expenses, and family priorities can continue to change throughout retirement.
For some families, that also means determining how much they can comfortably give to children or grandchildren, incorporating charitable goals, or thinking through how assets will eventually pass to the next generation. We help clients think carefully about their financial futures.
Our planning process continues after retirement so these decisions can be revisited as your circumstances and priorities change. Contact us for retirement planning for pre-retirees.
About Clark Wealth Partners
Clark Wealth Partners is based in O’Fallon, Illinois and works with individuals and families throughout the Metro East who are preparing for or already living in retirement.
Our advisors provide retirement planning, financial planning, investment management, and tax planning to help clients make informed decisions before and throughout retirement.
Frequently Asked Questions
When should I start planning for retirement?
Retirement planning becomes increasingly important during the years leading up to retirement, when decisions around savings, investments, Social Security, pensions, taxes, and healthcare can have long-term implications. Starting before you retire provides more time to evaluate your options and make adjustments.
Can Clark Wealth Partners help determine when I can retire?
Yes. We can evaluate your assets, expected income sources, spending needs, taxes, and other financial considerations to help you understand how different retirement dates may affect your financial plan.
Does retirement planning include tax planning?
Yes. We incorporate tax planning into retirement decisions, including evaluating withdrawal strategies, Roth conversions, capital gains, charitable giving, and the timing of different income sources.