Planning for Retirement in the Next 5–10 Years
Retirement is getting closer. Now the questions are getting bigger.
Have I saved enough? When can I realistically retire? When should I take Social Security? Should I consider Roth conversions? How should my investments change? And how do I turn what I’ve accumulated into income that can last?
At Anchor Wealth Strategies, we help individuals and families in Fort Worth and beyond prepare for the transition from working and saving to retirement.
The 5–10 Years Before Retirement Matter
As retirement gets closer, financial planning begins to change.
For years, the focus may have been on saving and growing your money. Now it’s time to start thinking about how all the pieces—your 401(k), IRAs, investments, Social Security, taxes and future expenses—will work together.
This is the time to identify potential gaps, evaluate opportunities and create a strategy for the retirement you envision.
Are You on Track?
One of the biggest questions we hear is:
“Do I have enough to retire?”
There’s no single number that answers that question for everyone.
We look at what you’ve accumulated, how much you’re saving, your expected retirement income, lifestyle goals, expenses and other resources to help you understand where you stand.
And if there’s a gap between where you are and where you want to be, there’s still time to make adjustments.
Questions We Help You Answer
When can I realistically retire?
We’ll look at your resources, income needs and goals to help you evaluate different retirement timelines.
We’ll look at your resources, income needs and goals to help you evaluate different retirement timelines.
When should I take Social Security?
We’ll evaluate how Social Security fits into your overall retirement income strategy.
We’ll evaluate how Social Security fits into your overall retirement income strategy.
What should I do with my 401(k)?
As you approach retirement or leave an employer, we’ll help you understand the options available for your retirement accounts.
As you approach retirement or leave an employer, we’ll help you understand the options available for your retirement accounts.
Could Roth conversions make sense?
We can evaluate potential Roth conversion opportunities as part of your broader retirement and tax-planning strategy.
We can evaluate potential Roth conversion opportunities as part of your broader retirement and tax-planning strategy.
How should I invest as I get closer to retirement?
Your portfolio should reflect your goals, time horizon, income needs and comfort with risk—not simply your age.
Your portfolio should reflect your goals, time horizon, income needs and comfort with risk—not simply your age.
How do I turn my savings into income?
We’ll help you develop a strategy for coordinating your investments and retirement accounts with your other sources of income.
We’ll help you develop a strategy for coordinating your investments and retirement accounts with your other sources of income.
What about RMDs, QCDs and taxes?
We incorporate future Required Minimum Distributions, charitable giving strategies and tax considerations into the retirement-planning conversation.
We incorporate future Required Minimum Distributions, charitable giving strategies and tax considerations into the retirement-planning conversation.
From Saving for Retirement to Living in Retirement
Retirement isn’t just about reaching a certain account balance.
It’s about having a strategy for how you’ll use the money you’ve spent years accumulating.
That means thinking about which accounts you may draw from, how your portfolio supports your income needs, how taxes could affect those withdrawals and how your strategy may need to change throughout retirement.
Our goal is to help you see the entire picture—not just your investment accounts.
Retirement Planning Is Personal
Some people want to travel. Others want to spend more time with family, give to causes they care about, help their children or grandchildren, or simply know they have the financial flexibility to enjoy retirement.
Your retirement plan should reflect your life—not someone else’s.
At Anchor Wealth Strategies, we start by understanding what’s important to you and then help build a financial strategy around those priorities.
Already Retired?
Planning doesn’t stop when you retire.
We also work with retirees who want help managing their investments, creating retirement income, evaluating withdrawals, planning for RMDs and QCDs, reviewing their tax strategy and making sure their financial plan continues to support their goals.
Ready to See Where You Stand?
If you’re 5–10 years from retirement—or already retired—and wondering whether you’re on the right track, we’d be happy to have a conversation.
Let’s build a plan for what’s next.
Anchor Wealth Strategies | Fort Worth, Texas
Looking for a Financial Advisor in Fort Worth?
Anchor Wealth Strategies provides financial planning, retirement planning and investment management for individuals and families in Fort Worth and throughout Texas, as well as clients in other states where our financial professionals are appropriately registered.
