Summitt Advisors Help Pre-Retirees Plan for All Four Stages of Retirement

August 02 17:42 2022
Summitt Advisors is an American financial advising firm offering quality services and education
with no-cost initial consultations.

Since the Secure Act (Setting Every Community Up For Retirement Enhancement) was passed in 2019, individuals in all stages of retirement need strategies for a new retirement landscape.

Summitt Advisors offers a solution to pre-retirees and seniors in retirement, lending its help and offering comprehensive financial strategies that go beyond what is typically offered. Many financial advisors do not discuss tax ramifications in retirement.

The company is continuously raising awareness regarding the four stages of retirement and what strategies are suitable for each stage.

Between the ages of 50 and 60, the Pre-retirement stage is synonymous with “work and save years”. Pre-retirees have but a few more miles to cross before the deserved retirement and are often working as hard as decades ago.

The Early Retirement stage awaits seniors between 60 and 70 years; this stage is often called the “Go-Go Years”, where fresh retirees should still strive to accomplish their retirement goals while they are healthy. 

Between the ages of 70 and 80, the Middle Retirement stage occurs. This period is often referred to as the “Go-Slow Years”, as retirees are advised to steer clear of risky and straining activities, prioritizing health. The high Medicare costs only reinforce this statement, as poorer health consequentially means a smaller legacy as well. The burden of rising health costs only reinforces this statement, as poorer health consequentially means a smaller legacy as well. Also, required minimum distributions should have been planned for, because they start in this stage. 

The “No-Go Years” wait in the Late Retirement stage for seniors above 80 years. People that reach this point in their retirement should never work again and should be focused on enjoying life and staying vital.

Summitt Advisors would like its clients to be prepared for potential surprises in retirement. Whether it be unpredictable expenses or inflation, unsupervised expenses diverted to healthcare, or the longevity of the retiree, it is important to plan and be prepared in advance.

For those who would like a free article titled “How Tax Planning Changes Through The Four Stages Of Retirement”, visit the company’s website. 

Media Contact
Company Name: Summitt Advisors
Contact Person: Tom Wesner
Email: Send Email
Phone: 715-531-3130
Country: United States