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Retirement Planning

Retirement Planning

How to Prepare

Do you ever catch yourself daydreaming about retirement and wishing you could take control of when and how you get there?


At Arrowroot Family Office, we understand that many people do not have comprehensive retirement plans that will allow them to fulfill the best years of their lives. We are here to help and get you on track to retire.


How We Can Help:


Arrowroot wants to help you turn your retirement daydreams into a reality. There are many plans that we can guide you through and help you decide which one is best for your situation. 


IRAs, 401(k)s, 403(b), 457(b), and any other investments you have will make up your personal savings when you retire. The financial advisors at Arrowroot have many strategies to help you maximize your savings and ensure that it will allow you to live a comfortable retirement.


Tax Planning:


When you have personal savings in accounts like the ones listed above, it can get confusing to know which ones will be affected the most by taxes. Luckily, our financial advisors are experts and will help you decide when to withdraw from certain accounts based on your personal circumstances.


To assist our clients, an advisor will evaluate your situation and make tax projections to give you an idea of what to expect. Then, we will prepare a retirement withdrawal strategy with you that will give you the most out of your retirement. 


See our Tax Planning page for more details on the process.


Investment Management:


Investment liquidation can be a great source of continued income throughout retirement. Arrowroot offers Investment Management services that will help you create a diversified portfolio. Once, you get to retirement age, our advisors will help you create a withdrawal rate from this portfolio.


It is important to have experts guide you through this, because they can ensure that your withdrawal rate leaves you with enough income to last the rest of your life. You do not want to accidentally withdraw too much, when that money could still be in the market and continue growing until you actually need the income. 


See our Investment Management page for more details on the process.


Social Security:


According to the Center on Budget and Policy Priorities, about 89% of U.S. workers (age 21-64) are covered by Social Security. This is an overwhelming majority, so our advisors know how to optimize this plan to benefit you.


The normal retirement age is about 66 years old, but you are actually able to receive Social Security benefits starting at the age of 62. However, there are drawbacks to this and you will end up receiving significantly less money each month. For many people however, the Social Security income, even when you wait until 66, is not enough money to sustain them.


Luckily, this is exactly where Arrowroot can help. We will analyze your situation based on your age, how many years you have worked, and other factors in order to determine the best time to claim Social Security benefits.


Other Factors to Consider:


There are numerous other factors to consider when planning for retirement such as:


  1. Pension Planning
  2. Real Estate Investment Planning
  3. Life Insurance Policies
  4. Medicare Planning


Each of these are specific to the person and where their personal savings are located. They also all come with their own incatricies and only experts can help you fully optimize the benefits from them.

We encourage you to reach out to Arrowroot Family Office sooner rather than later, so that you can be confident in your retirement plan before you reach retirement age. You can never over prepare when it comes to financial planning and we are here to help you make the most of the best years of your life.


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