Retirement planning has been labeled as the most challenging problem in finance by the industry’s leading thinkers.
Working professionals contemplating a pending transition to retirement find themselves in the cockpit, directing their investment portfolios towards life after work, often with little trustworthy guidance.
THe 40/70 Dilemma
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After a 40-year career, how will you pay for 30 years of living expenses?
→ This is the question of the self-funded retirement era. It is the reason Forward Wealth Management (FWM) developed TRAC™ – a proprietary process combining active planning with intentional retirement investing. We partner with our clients to develop a personalized strategy for one of your most important transitions – life after work.
Is FWM’s TRAC™ retirement service right for you? Schedule a FIT meeting now.
In the era of self-funded retirement, it’s more important to Plan with Purp0se.
Has the traditional financial service model of retirement advice left the door open for a better solution?
We believe so…
Consumers are Looking For: |
Traditional Financial Services Offers: |
TRAC™ Planning Provides: |
|---|---|---|
| Advice that is in their best interest | Advice laden with agency conflicts | Advice supported by a fiduciary oath |
| A process to simplify the planning experience | Voluminous financial plans that are overwhelming and not actionable | Turnkey solutions to reach goals |
| A clear understanding of the question, “How am I doing?” | A detailed explanation of past performance | Wealth and return reporting relative to your goals |
| A stepwise approach to thoughtful investing | The latest hot product designed to solve all your problems | Portfolios actively managed to match goals |
| Engaging and productive client meetings | Explanations why the market didn’t meet expectations | Implications of setbacks and available action steps |
retirement
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Facts About Self-funded Retirement
Fact #1
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Saving enough money for a comfortable retirement is the #1 source of financial stress
Fact #2
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Less than 1-in-5 current private sector workers have access to defined benefit pension programs
Fact #3
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Roughly half of households are likely to face a shortfall in the retirement income they will need
Sources: Schwab 2020, BLS, Center for Retirement Research
Milestones
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Where Are You in Life’s Journey?
Early/Mid- Career
20s-40s
Build a position of financial strength.
Mid/Late- Career
40s-60s
Anticipate a transition from full-time work.
Late/Post- Career
60s-70s+
Enjoy a productive life beyond work.
Investor Life Cycle
→ Investment objectives and the ability to take risk changes over time. Early on, stock market sell-offs provide compelling risk premiums (meaning higher potential—but not promised—returns) for those willing to put capital in harm’s way.
→ As investors approach retirement, the willingness and ability to take risk may decrease, as stock market volatility introduces vulnerability to upcoming retirement spending goals.
→ During retirement, market volatility jeopardizes a portfolio’s longevity, its ability to sustain distributions throughout retirement.
Personalized solutions
FWM’s services are designed for mid- and late-career professionals within 10 years of retirement. We provide personalized wealth management solutions that marry goals and timelines with financial markets and the cost of retirement income.
Contact us to learn if our unique approach is a fit for you.
