Retirement is a significant milestone in life, representing a new chapter filled with opportunities and challenges. It's a time when you can finally savor the fruits of your labor and enjoy the freedom to pursue your passions. However, to fully embrace the joys of retirement, it's essential to establish a solid foundation that ensures your financial security and addresses potential risks.

As you embark on this journey, it's crucial to have a comprehensive framework that encompasses all the essential aspects. That's where the 6 Principles of Retirement Planning come into play. These pillars act as a SHIELD, safeguarding your financial well-being and providing the peace of mind you deserve.

Safety and Security - Ensuring the majority of your life savings are invested in secure investment strategies without the risk of loss. Potential growth of principal without playing the stock market casino.

Healthcare - Properly covering your healthcare needs by ensuring knowledge of potential out-of-pocket costs during and throughout your retirement.

Income and Investments - Structuring your investments and retirement nest egg to ensure you have enough income into and throughout retirement. Investing your hard-earned assets in safe and secure investment tools and strategies to ensure growth without the risk of loss. Understanding the most advantageous method to claim your Social Security benefits according to your unique financial and familial situation.

Estate Planning - The planning process of individually designing a strategy and executing a will, trust agreement, or other document to provide for the administration of your assets upon incapacity or death. Tax and liquidity planning are also part of this process.

Long-Term Care - Creating a long-term care strategy ensures your financial obligations during this type of event are stable, and your lifestyle comforts are still met.

Death and Legacy Planning - Creating a financial strategy that prepares your assets to bequeath to a loved one or next of kin after death.