What’s Happening
At Partners in Financial Planning, we keep you informed on a variety of topics. Check out our Blog posts and team News featured below. If you missed any of our newsletters or monthly investment commentary, be sure to check out our Newsletters & White Papers page for the latest market news and articles to educate and inspire.
Longevity Planning: Ensuring Your Money Lasts Throughout Retirement
In recent decades, the average lifespan has gradually increased for both men and women. While a longer life expectancy means more time to spend with loved ones, it’s also reshaping how people approach retirement. Additional years in retirement require more savings—not to mention the increased probability of additional costs like medical emergencies or long-term care. The possibility of outlasting your retirement savings is called longevity risk, and while it sounds…
Tax-Efficient Withdrawals: Minimizing Tax Impact in Retirement
When building an effective, long-term retirement income strategy, you must preserve your hard-earned wealth. With no more steady paychecks coming your way, you and your advisor must work together to build a sustainable withdrawal strategy that protects the longevity of your portfolio while addressing your financial obligations today. Some retirees may not realize just how impactful taxes can be on the overall success of their withdrawal strategy. Your different sources…
Staying Active and Healthy in Charleston: Retirement Addition
Around 45% of retirees are considered sedentary despite the essential benefits of being active in retirement.1 Staying physically and mentally active can help you remain sharp, avoid serious injury, mitigate the risk of isolation or depression, and ward off diseases like cancer, Alzheimer’s, and heart disease. While you may not be comfortable lifting barbells or running marathons, there are plenty of fun, safe ways to get your steps in and…
Transitioning to Retirement: Phased Retirement and Succession Planning for Physicians
With long work weeks and a passion for helping others, the thought of a traditional retirement may turn some physicians off. However, leaving work behind can be more complicated than people realize, which is why adopting a phased retirement plan can be appealing. Below, we’re exploring what goes into a phased retirement and some succession planning considerations to keep in mind. What Phased Retirement Looks Like in Healthcare Let’s start…
Estate Planning 101: Helping Your Parents Secure Their Legacy
What you can do to help your parents avoid common estate planning mistakes and effectively prepare for the future.
Is It Possible to Save for Retirement While Paying Down Debt? (The Answer Is Yes!)
If you’re struggling to prioritize paying down debt and saving for retirement, here are a few tips for striking the right balance.
Debt Management in the Years Before Retirement
If you’re concerned about how your debt repayment obligations will impact your lifestyle in retirement, now’s the time to reduce.