Retirement Planning

Get a customized retirement income plan to help you retire with confidence.

Retirement planning is the process of making smart decisions with your finances to achieve financial independence in retirement.

If you are like a lot of individuals we help, you're likely concerned about having enough money to live comfortably in retirement.

The truth is, you're not alone. A 2017 investor study by Dimensional Fund Advisors identified this as the top concern for investors who had between $1 million to $5 million in investable assets.

That's where Covenant Wealth Advisors' retirement planning advice can help. We can help you identify steps to improve your retirement readiness. We can also give you the financial planning knowledge you need so you don't run out of money.

When you decide to retire, we can provide the financial security and peace of mind you want.

Understanding Your Income Needs

Our approach to retirement planning starts with understanding your cash flow and income needs. Without knowing how much you spend, it's impossible to know how to create the income you need to maintain your lifestyle in retirement.

Once we've narrowed down your spending needs on a high level, we'll segment out your expenses into retirement spending categories such as basic living expenses, healthcare expenses, travel considerations, new car purchases in retirement, charitable giving desires, helping family members, and paying for long-term care expenses.

Next, we'll focus our attention on how to maximize your income in retirement to meet your spending needs and lifestyle desires. We'll analyze hundreds of strategies in the areas of:

Social security benefits
Pension maximization
Healthcare savings and cost reduction
Investment portfolio income draw down
Tax planning and reduction

From there, we'll focus on how to optimize your investment portfolio to give you the highest probability of living a great life in retirement without running out of money.