Retirement Planning

MICON's Planning Services

During your lifetime you will earn a fortune! However, when you retire it doesn’t matter what you earned, what will matter is how much you saved. If you start early enough, compound interest can really help, because the earlier you begin your planning, the less investment you need to meet your retirement needs.

MICON’s Personal Financial Profile is your first step to retirement planning. It will help us gather, organize, and analyze pertinent information about your goals for retirement. Next, we consider the following concerns…

• At what age do you want to retire? Will you have to defer retirement for financial reasons?
• Will you stay in your current home, purchase a smaller one, move to a different locale or purchase a vacation home?
• Do you want to pay off your mortgage at retirement?
• Do you want to work? What would you do?
• What do you want to do with your free time?
• What medical risks are you likely to face (chronic illness, heart surgery, progressive arthritis)?
• How much investment loss would you be able to tolerate?
• Can you support yourself financially?
• Is your estate in order and have you considered End-of-Life Planning (deciding how you want financial and medical affairs handled if you become incapable of making your own decisions.)

Your profile will help us initiate Plans of Action to help you meet your retirement goals with Social Security, pensions, and other savings and investments. If you want to consider stocks, bonds, and mutual funds, we can refer you to an investment advisor if you don’t have one. (The Power of Team).