Leslie has done everything right. Decades of hard work, smart saving, and steady progress have brought retirement from a distant dream to a reality. The accounts look good on paper, but lately new questions have been keeping Leslie up at night. When should Social Security start? Is the portfolio positioned properly for what comes next? What happens if healthcare costs more than expected or the market drops at the wrong time? Leslie has worked too hard and come too far to leave these answers to chance.
Leslie is ready for a real retirement plan — not just a number.
Are you in Leslie’s shoes, or is there a Leslie in your life? This is exactly who AdviceLab was built for. Our financial planning service is designed to meet pre-retirees where they are — navigating the most important financial decisions of their lives. Here are the 7 things AdviceLab helps every Pre-Retiree address:
1. A Retirement Without an Income Strategy Is a Plan Half Finished.Retirement income isn't just about how much you have, it's about when you access it and in what order. A coordinated strategy across Social Security, pensions, RMDs, and portfolio income can significantly improve the longevity of your plan.
2. The Market Doesn't Know You're About to Retire, But Your Portfolio Should.Better positioning your asset mix, diversifying thoughtfully, and safeguarding against sequence of return risk are the moves that strive to bridge the gap between where you are and where you want to be.
3. Know How Much You’ll Need.Most people underestimate what retirement actually costs. An honest look at your lifestyle, debt, and goals now gives you time to build a realistic plan before it matters most.
4. Plan for Rising Healthcare Costs and Longevity.Healthcare is often retirement's biggest surprise expense. Closing the Medicare gap, exploring long-term care, and maxing your HSA now can save you significantly later.
5. Update Your Estate Plan.Without an updated estate plan, the people and causes you care about may not be protected the way you intend. Revisiting your beneficiaries, will, trust, and power of attorney now helps ensure your wishes are honored, your assets are preserved, and gives your family clarity and confidence when they need it most.
6. Defuse the Retirement Tax Bomb.Taxes in retirement can hit harder than most people expect, but they don't have to. A thoughtful plan built around key strategies—such as tax-aware withdrawal sequencing—can help improve tax efficiency over time.
7. Your Best Financial Leverage Has an Expiration DateYour paycheck is one of your most powerful financial tools, but only while you have one. Consider tackling home renovations and paying down debt now so your retirement accounts can remain untouched and working for you longer.
If you know someone navigating this stage of life, feel free to pass this along—we’re here to help!
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.