Retirement Planning

00:00:07

Welcome to Cornerstone clips. My name is Tyler Scott. I’m one of the certified financial planners here at Cornerstone today. We’re going to be talking about financial planning. We’ll also talk about income planning. Another video. Often, we get questions about.

00:00:20

Maybe the difference or what the heck retirement planning is, so hopefully we’ll shine a little bit of light as far as retirement planning. So, retirement planning really is a blueprint. You know your your overall goals and objectives and really you could be at any stage in life to go through retirement and planning. So, whether you’re in the accumulation phase or nearing retirement or entering retirement or in retirement, really retirement planning can can help you. So, I want to go through and outline a little bit about how we go through retirement planning at Cornerstone so.

00:00:55

And of course, the the first step would be gathering all the data, so that’s going to be account statements. Social Security statements, really, all everything pertaining to anything to do with finance in your life. The second part is what we like to do is sit down and really talk about strategy. We like to call it a strategy session but really narrowing in and and talking to you as far as.

00:01:18

What your overall goals and objectives are, and that might be a retirement at such stage or leaving assets to somebody or so on and so forth. But what we really believe is no one plan is is the same, right. So, we want to make sure this is a unique process, and we listen, and we tailor these goals and and really understand what we’re trying to achieve.

00:01:38

You know second part to that process is is we use wealth vision, it’s powered by E money, one of the most widely used softwares out there. And really if you can dream it, we can, we can simulate it. So, it’s really fun and interactive software. So, we sit down with you and start to show you that software and and we can do scenario analysis.

00:01:58

So, we call this the playground of the software. Or what if scenarios so we could see what if you retire a year later or year earlier or what if you take Social Security at this time or that time and really extrapolate those those changes in the plan.

00:02:17

To see what the impacts are in the future, your life right? To make sure just says if you wanted to give assets to somebody, the impacts we’re making now are what we want to see in the future. The next part is is we give you formal recommendations. We go through that, and we want to provide you with those recommendations, you know, to hold each other accountable and then we constantly review that so we all wouldn’t here at Cornerstone, we believe planning is a process, not an event. You know, so ultimately life changes. So that’s a little bit about financial planning. When you’re ready, please give us a call and we’re happy to help.