Retirement planning

What is Retirement Planning?

Retirement planning secures your financial future by ensuring that you will have enough income when you leave the workforce. At Veda Financial, our experienced retirement advisors calculate the necessary funds for housing, healthcare, and leisure post-retirement. Starting early allows you to achieve your financial goals and ensure a rewarding retirement.

Proactive planning ensures a stress-free retirement. At Veda Financial, we guide you in preparing for and transitioning into retirement with a personalized comprehensive plan crafted around your individual needs and aspirations.

When to start Retirement Planning?

The best time to start retirement planning is now, regardless of age or career phase. A retirement advisor from Veda Financial can streamline your plan, positively impacting your personal life and career. Retirement planning benefits extend to businesses, offering advantages to employees and owners. Whether you opt for early retirement planning or have already retired, we are here to help.

Collaborating with a financial advisor guarantees that retirement planning remains a priority alongside other financial goals such as educational savings or early mortgage payoff.

The Importance of Retirement Planning

Solid retirement planning strategies, coupled with dedicated savings and investment strategies, significantly enhances the likelihood of realizing your retirement dreams. Assessing your personal risk tolerance is a fundamental step. We at Veda Financial craft a retirement strategy attuned to your risk profile, greatly minimizing the risk of depleting your nest egg too soon.

About Our retirement planning services

We offer advice tailored to an extensive range of client requirements, appraising various scenarios, administering stress tests, and facilitating informed decision-making for a prosperous retirement. Whether you seek a one-time consultation, intermittent advice, or annual ongoing support, we commit to guiding you at every turn.

Our Promise

Your interests remain our priority above all else. To avoid conflicts of interest, we refrain from selling investment products or insurance. Instead, we focus on personalized collaboration, utilizing virtual meetings to extend our expertise across the U.S. Our commitment lies in devising strategies that enhance your retirement income or estate's worth. Not swayed by the incentives of maximizing investment fees or insurance policies, we focus purely on the value of your assets.

Our Consultation Approach

Our initial financial consultations often revolve around answering your pressing questions on retirement financial planning. Providing introductory details about your financial status and goals helps us render more accurate and individualized guidance.

Our Retirement Planning Services

At Veda Financial, we develop retirement plans aligned with your unique life circumstances and objectives, using advanced financial planning tools to address your questions and formulate comprehensive retirement strategies.

We cater to your specific retirement needs, equipping you with the means to manage your retirement years confidently. Our services range from 401(k) consolidations to diverse annuity options and are tailored to evolve with you over time.

Traditional and Roth IRAs

We offer both Traditional and Roth IRAs, providing tax-efficient retirement savings vehicles with upfront tax deductions or tax-free withdrawals, respectively. Also, we can help create financial planning for retirement tailored to your specific post-retirement goals or exigency.

Fixed and Variable Annuities

Our annuity products cater to your preference for guaranteed returns via fixed annuities, or our variable annuities that provide investment options with varying degrees of risk and potential returns.

457 Plan Rollovers

We ensure smooth 457 plan rollovers for eligible government and certain non-government employees, helping you move retirement funds into a qualified retirement account upon job changes or retirement.

Roth IRA Conversions

We conduct Roth IRA conversions, transferring assets from Traditional, SEP, or SIMPLE IRAs, or 401(k)s, to Roth IRAs, which leads to tax-free withdrawals during retirement.

Retirement Income Strategies

Our strategic wealth management for retirement is built to deliver a consistent, lasting income, meticulously designed to ward off financial shortcomings and secure comfort during your retirement years.

Individual Retirement Plans

As a leading retirement planning advisor, our retirement solutions accommodate financial shifts stemming from market volatility and tax law changes, keeping your retirement planning on track.

403(b) Plan Management and Rollovers

We manage and arrange rollovers of 403(b) plans, retirement accounts for employees of public schools and certain tax-exempt organizations, assisting you in maintaining the continuity of your retirement savings.

Annuities

We offer a selection of annuity products, ensuring a secure financial future with a steady retirement income, freeing you from financial worries in your later years.

SIMPLE IRAs

Our services include SIMPLE IRA management, offering tax-deferred growth and employer matching for small businesses and self-employed individuals.

SEP IRAs

We specialize in SEP IRAs, enabling small business owners and self-employed professionals to make larger, tax-deductible retirement contributions.

401(k) Rollovers

We facilitate 401(k) rollovers, guiding you in transferring funds from a previous employer’s 401(k) to a new or existing retirement account, maintaining your savings’ tax benefits during career transitions.

Why Partner with Veda Financial?

Choosing the right financial services partner can play a pivotal role in shaping your retirement planning. Veda Financial, one of the US’ leading retirement planning specialists, with its experienced team and client-focused approach, emerges as a reliable hand to guide you towards your retirement goals. Here’s why our services stand out:

Proven Expertise

At Veda Financial, our advisors are seasoned professionals in the investment and financial planning arena. Cumulatively possessing many years of diverse experience, they leverage their deep-seated knowledge and insights to craft retirement plans that are resilient against the passage of time.

Customized Wealth Management

We acknowledge that everyone’s retirement needs vary and necessitate unique consideration. That’s why our personal retirement planning solutions are customized to align with your specific prerequisites, focusing not just on financial stability but also life goals and personal lifestyles. As your life takes its natural course with unforeseen twists and turns, we stand by you, ensuring your financial plan stays in sync with your evolving needs.

Unbiased Guidance at the Core of Our Service

At Veda Financial, our strength lies in our impartiality. We are committed to receiving compensation solely from our clients, ensuring that the advice we provide remains untainted by product promotions or incentives. Embracing the principle of objectivity, we offer guidance rooted in experience and knowledge at every step of your financial journey.

Fiduciary Responsibility

The driving force of Veda Financial is our clients’ interests. We bring to the table independent advisory services whose fiduciary responsibility obligates us to place your needs above ours. This unwavering allegiance to our clients instills trust and strengthens relationships, enabling us to create retirement plans truly tailored to your best interests.

Many financial advisors bring specific product expertise, but we at Veda Financial specialize in retirement planning. Investing in retirement specialists like us could be the step that ensures your future retirees securely and worry-free.

Your successful journey to retirement planning is our passion and purpose at Veda Financial. Let us navigate this journey together.

Frequently Asked Questions (FAQs)

What percentage of my pre-tax income should I save each year?

As a rule of thumb, saving between 10% to 15% of your pre-tax income can set the stage for a comfortable retirement. For similar questions, take advantage of our online retirement planning solutions.

What is an optimal retirement nest egg?

Several factors determine your optimal retirement nest egg—your intended post-retirement lifestyle, life expectancy, future healthcare costs, inflation rate, and anticipated age of retirement. One common strategy is to aim for a nest egg that’s 10-12 times your current salary by the time you retire.

How can I maximize my retirement spending capability?

Creating a diverse investment portfolio comprising income-generating assets, implementing strategies that optimize withdrawal of capital, and managing healthcare costs can significantly help maximize your retirement spending capabilities.

What's the most efficient way to draw down assets during retirement?

Asset drawdown efficiency in retirement highly depends on a smartly devised withdrawal strategy considering tax implications, minimum distribution requirements, and longevity of your portfolio.

How can I reduce tax liabilities during retirement?

Roth conversions during lower-income years, managing retirement withdrawals to stay within lower tax brackets, utilizing tax-efficient investments, and exploring charitable giving opportunities can effectively reduce tax liabilities during retirement.

Which retirement accounts should I prioritize contributing to?

The decision to prioritize contributing to specific retirement accounts largely depends on your current tax situation, tax benefits of each account type, and the offerings of your employer, particularly 401(k) matching.

How should I allocate my assets among different investment classes?

Asset allocation should reflect your risk tolerance, investment horizon, and retirement goals, ensuring a diverse mix of potential higher returns over time.

Can I rely solely on Social Security for my retirement?

Social Security should ideally be calculated as a supplement to other retirement income sources such as personal savings, pensions, and investment income.

Reach Out

Guiding you through life’s transitions is our commitment at Veda Financial. When you partner with us, you benefit from expert advice, access to a dedicated client service team, bespoke retirement solutions, ongoing investment management guidance, and cutting-edge technology ensuring a seamless customer experience.