Spending your working life planning for retirement means you deserve the assurance that your plan will deliver when you need it most. Our experts at Glover Park Wealth are dedicated to ensuring your retirement strategy is robust, guiding you towards a prosperous future in your retirement years. Consider the following critical questions:

• Are your social security benefits maximized for your advantage?
• Is a pension part of your retirement income strategy?
• Do you possess income-producing real estate or other valuable assets?
• How have you adjusted your portfolio to sustain you in the absence of employment income?

At Glover Park Wealth, we approach retirement planning from a holistic perspective, focusing not only on the financial aspects but also considering the impact on your lifestyle, estate, and the tax implications for future generations.

Your lifestyle choices in retirement play a pivotal role in shaping your planning decisions. At Glover Park Wealth, we understand that envisioning your retirement lifestyle is the first step toward creating a financial plan that aligns with your dreams and aspirations. Whether you imagine a life of travel and adventure, spending more time with family, or pursuing hobbies and passions, these choices significantly influence how you prepare financially.

• Have you considered the costs associated with your desired retirement lifestyle?
• Do your retirement savings support the lifestyle you envision?
• How will your spending change with your transition into retirement?
• Are there hobbies or passions that require financial planning?

We believe that a fulfilling retirement is about more than just financial security; it's about living life on your terms. That's why our planning process at Glover Park Wealth integrates your lifestyle goals with financial strategies, ensuring your retirement plan is as unique as your vision for the future.

In the realm of financial planning, clients frequently inquire about the size of the retirement savings they need to secure. The answer varies widely, depending on each client's distinct financial circumstances, which we uncover through a detailed exploration of their retirement dreams and financial goals. This process enables us to determine the necessary assets for a comfortable retirement.

**Early Accumulation Phase (Ages 21-35):** The journey to retirement begins here, where early contributions to retirement plans, such as a 401(k), are vital. Starting young allows individuals to benefit from employer matches and the powerful effect of compound interest, especially through investments in cost-effective, dividend-reinvesting funds, laying a solid groundwork for wealth accumulation.

**Mid-Life Phase (Ages 36-65):** As individuals enter their highest earning years, harmonizing a comprehensive financial plan with retirement aspirations is key. This includes maximizing 401(k) contributions, diversifying investments through IRAs, Roth IRAs, and personal investment accounts, and tackling important planning areas like tax strategies, mortgage planning, insurance, and setting up education savings.

**Distribution & Retirement Phase (Ages 66+):** As retirement begins, the emphasis shifts towards balancing assets and liabilities to support both necessary and discretionary spending, including travel and leisure. Adjusting investment risk and coordinating with financial advisors to maximize social security and other revenue streams becomes crucial for a stable and enjoyable retirement.

Each stage of financial planning is customized to fit the client's specific life phase, financial conditions, and objectives, highlighting the bespoke nature of retirement planning and our dedication to guiding clients through every milestone of their financial path.