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Retirement Planning Has Changed

With longer life expectancies, retirement has become a longer and more complex phase of life. The critical question is: will your money last? The nest egg needed varies based on your vision of retirement, whether it signifies freedom, flexibility, spontaneity, or increased philanthropy. Regardless of your goals, a successful retirement starts with proper planning today.

Why Hire a Retirement Planning Financial Advisor?

Retirement planning involves numerous assumptions and projections, such as portfolio returns, tax rates, inflation, and social security uncertainties. It also includes longevity estimates, spending patterns, cost of living, housing, and healthcare expenses. Navigating these complexities may be overwhelming, and that's where Midland comes in. We provide comprehensive retirement planning services to assist you in making informed decisions to prepare for an enjoyable retirement.

older couple sitting in kitchen looking over papers
older woman enjoying coffee with a friend

Benefits of Planning for Retirement

Investment Portfolio Management

Diversify your investments to help manage risk and enhance your long-term financial strategy as we assist you in building a portfolio designed to support your retirement goals.

Plan for Expected and Unexpected Expenses

Consider rising healthcare costs and unexpected medical expenses as we assist you in planning for your retirement and aim to better prepare you for whatever comes your way.

Insurance Advice

Find the right life insurance coverage with our support so you can feel more confident about your financial future in retirement.

Estate Distribution

Develop a plan for distributing your assets that reflects your wishes with our guidance through the estate planning process.

Helping You Confidently Plan for a Secure and Fulfilling Retirement

Planning for retirement involves more than just saving—it’s about making informed decisions today to secure the future you want. Our easy-to-use calculators can help you assess your current savings, plan for future contributions, and understand how different factors might impact your retirement goals. Ready to take the next step? Let’s get started.

Retirement Savings Calculator
Qualified Plans Retirement Calculator

Your Elevated Wealth Plan Awaits

Share a few details with us, and let’s bring your vision into focus so you can realize your goals.

Frequently Asked Questions

What is retirement planning?

Retirement planning involves determining your financial goals for the future and creating a plan to meet them by the time you reach retirement age. It incorporates many calculations, estimates, and assumptions, but ultimately means managing income and assets with enough savings and investments to live comfortably during your golden years.

When should I start planning for retirement?

The answer is now! You can start planning for retirement at any age or stage of life. The sooner, the better, so that compounding and time can begin working for you.

What factors should I consider when planning for retirement?

When planning for retirement, consider these key factors: 

  • Retirement Goals: Define your lifestyle and activities in retirement. 
  • Current Savings: Assess your retirement accounts and other investments. 
  • Expected Expenses: Estimate costs, including housing, healthcare, and daily living, while accounting for inflation. 
  • Income Sources: Identify income streams such as Social Security, pensions, and part-time work. 
  • Investment Strategy: Ensure your portfolio aligns with your goals and risk tolerance. 
  • Healthcare Costs: Plan for rising healthcare and long-term care expenses. 
  • Life Expectancy: Plan for a longer retirement based on health and family history. 
  • Debt Management: Reduce or eliminate high-interest debt before retiring. 
  • Estate Planning: Update wills, trusts, and powers of attorney. 
  • Tax Planning: Understand tax implications and strategies to minimize your tax burden. 
  • Contingency Plans: Prepare for unexpected events like market downturns or health issues. 

Prefer Personal Assistance?

Our team of dedicated professionals are here to support you.