Retirement Planning with Confidence and Clarity
Retirement isn't just a number on a calendar. It's a new phase of life—and one that can bring some of the biggest financial decisions you'll make.
At Ascend Financial Partners, we help individuals and families throughout Northeast Ohio think through how their savings, investments, Social Security and other resources may work together as they transition into and through retirement.
Our goal is to help you understand the decisions in front of you and develop a strategy that can evolve as your life changes.
Retirement Planning Means More Than Saving
For much of your working life, the focus is on accumulating wealth.
Retirement introduces a different set of questions:
- How much income will I need?
- Where will that income come from?
- When should I begin using different assets?
- How might taxes affect my decisions?
- How should my strategy change as my needs change?
These questions are why retirement planning deserves more than a single calculation.
Questions We Help You Consider
- When can I retire?
- How much income might I need?
- How should different income sources fit together?
- What should I consider when deciding which assets to use first?
- How might Social Security fit into my plan?
- What tax considerations should I discuss with my tax professional?
- How should my strategy change as my retirement progresses?
Our Approach to Retirement Planning
We look at retirement as an ongoing planning process rather than a one-time event.
Your financial picture can change. Markets change. Tax laws change. Your lifestyle and priorities can change.
That's why retirement planning may involve periodically reviewing your income strategy, investments, Social Security considerations and other financial priorities.
Retirement Is About the Life You Want to Live
Retirement planning isn't only about making the numbers work.
It's about what you want those numbers to support.
Travel. Family. Hobbies. Community. A second career. Time with grandchildren. Charitable giving.
Understanding what retirement means to you can help put financial decisions into context.
How Retirement Planning Fits Into Your Financial Plan
Social Security Planning
Social Security can be considered alongside other retirement income sources.
Portfolio Management
Your investment strategy can be evaluated in the context of your time horizon, goals and retirement income needs.
Tax
Strategies
Tax considerations can be part of conversations surrounding retirement distributions and income.
Extended Care Planning
Potential future care needs can also be considered as part of long-term retirement planning.
Retirement Planning in Northeast Ohio
Ascend Financial Partners works with individuals and families throughout Northeast Ohio, including Akron and Summit County. We take a personal approach to retirement planning because everyone's definition of retirement—and everyone's financial circumstances—is different.
Frequently Asked Questions
When should I start retirement planning?
- Retirement planning can begin well before retirement and should evolve as your circumstances and timeline change.
How much do I need to retire?
- There isn't one number that applies to everyone. Retirement needs depend on factors such as lifestyle, expenses, income sources, assets and goals.
How should I create retirement income?
- Retirement income may come from multiple sources, including investments, retirement accounts, Social Security and other resources. How those sources fit together depends on your circumstances.
Should I consider a Roth conversion?
- A Roth conversion can have tax implications and isn't appropriate for every situation. It should be evaluated in the context of your broader financial and tax circumstances.
How often should I review my retirement plan?
- A retirement plan should be revisited as your life, financial circumstances and goals change.