Services
Retirement Advice for Chillicothe
Retirement Planning for
the Real World
Retirement planning can be overwhelming. But it doesn’t have to be. Justice Financial Services offers retirement planning support for the real world.
Our job is to turn your retirement dream into an easy-to-follow action plan. In our experience, this means helping people find the answer to questions like:
- Do I have enough to retire?
- How much can I withdraw every month?
- Can I do the things that I want?
- What happens if my partner gets sick or dies?
- Will I be okay?
Retirement Planning for the Real World
Retirement planning can be overwhelming. But it doesn’t have to be. Justice Financial Services offers retirement planning support for the real world.
Our job is to turn your retirement dream into an easy-to-follow action plan. In our experience, this means helping people find the answer to questions like:
- Do I have enough to retire?
- How much can I withdraw every month?
- Can I do the things that I want?
- What happens if my partner gets sick or dies?
- Will I be okay?
Our advisors serve working professionals, individuals, and families as they find the answers to these questions and more. We live in the communities we serve and work alongside our clients to help ensure their successful retirement.
How Retirement Planning Works
Retirement planning can be separated into three phases—Accumulation, Preservation, and Distribution.
Accumulation
Accumulation is about building your savings over time to create your retirement nest egg. We can create a savings plan, provide recommendations on your 401(k) plan, and open new accounts for you, such as an IRA. The sooner you start saving the better, so that you take advantage of long-term market growth and compound interest.
Preservation
Preservation is about preserving the assets you’ve saved as you get close to retirement. It may involve more frequent investment reviews or transitioning to investments less likely to be impacted by market volatility. During the Preservation phase we will also review your Social Security and Medicare options to see what makes sense for your situation.
Distribution
Distribution starts after you retire and continues through the rest of your life. The goal with any distribution strategy is to provide sustainable income that meets your needs, wants, and wishes. We think of distribution as filling three buckets:
- Short-term Bucket – The money you’ll be using over the next 1-5 years.
- Medium-term Bucket – The money you’ll need in 5-10 years.
- Long-term Bucket – The money you won’t touch for more than 10 years.
This approach clarifies what to put into each bucket. The short-term bucket focuses on stable investments and cash. The long-term bucket can be more fluid to help protect against inflation and take advantage of potential market returns. With each bucket assigned a specific purpose, we can manage your ongoing income need in retirement.
Comprehensive Support
We specialize in retirement planning but can provide experienced advice on any financial or investment topic.
As part of our comprehensive support, we provide:
Financial Planning
Estate Planning
Tax Planning
Tax-advantaged Investments
College Funding
