E: dpeterson@burkhartpeterson.com / T: (210) 377-3311

Retirement Planning Calculations

One of the biggest concerns we hear from our clientele is, “Will I have enough money to retire?” It is important to plan ahead for retirement so that you will be able meet your financial obligations and enjoy an acceptable standard of living in your retirement years.

A comprehensive retirement plan identifies your current financial status, identifies the financial status needed to realize your retirement lifestyle, and determines the budgets that need to be put in place in order for you to fund the contributions toward your retirement that could allow you to accomplish your retirement goals. At Burkhart, Peterson & Company, we can develop a customized retirement plan for you!

When building a retirement plan, we develop a thorough understanding of your current assets, liabilities, income and expenses so that we can identify all important aspects of your current financial life. Interviews are conducted to understand your long-term plans with respect to your work-life, where you want to live, and what type of lifestyle you want to live upon reaching retirement age. This information is used to calculate the future financial status necessary for you to meet your standard of living from your date of retirement through the end of your life expectancy. We’ll work with you to identify material cash influxes or major purchases that may be in your foreseeable future so we can consider them in your plan. Bringing all this information together into a single analysis allows us to identify the amounts of contributions toward retirement that may be needed to make to overcome your foreseeable obstacles and to ultimately reach your end goals. We’ll even work with you to develop current spending budgets with the objective of enabling you to meet your needed contribution amounts through your targeted retirement age. After your retirement plan is implemented, we will be here to help you tackle obstacles that may arise and to modify your plan from time to time as unexpected events occur.

At Burkhart, Peterson & Company, we have Attorneys, Certified Public Accountants, Enrolled Agents, and Insurance Agents on staff. Our diverse group of insurance and professionals enable us to identify practically any type of consideration needing to be addressed during the development of your retirement plan.

We are better prepared than anyone to help you plan for your retirement and reach your goals. Please contact our office if you would like help developing your retirement plan.