Retirement Planning: Build a Comprehensive Plan for a Comfortable Future.

Matt Stevenson and Peter Lott of Allied Wealth discuss the essential elements of retirement planning in a written, comprehensive way.

While understanding investment strategies is extremely important, there are many other factors that one must plan for in order to maintain a desired lifestyle in retirement. In today’s show, we discuss the following:

1) Understanding Risk Tolerance (how comfortable you are taking risk) vs. Risk Capacity

(what amount of risk can I actually afford to take in retirement and maintain my lifestyle?)

2) Investment Planning:

-Taking a look under the hood to see how your stocks/funds have been working for you, and if any tweaks might optimize things for the long haul

3) Income Planning:

-How do I take all of these puzzle pieces (retirement plans, savings) and create a reliable income stream throughout the most important years of my life?

4) Tax Planning:

-Making sure that your retirement savings is as tax-efficient as possible, no matter what the future holds

5) Health Care Planning:

-Whether it’s our current plan coverage, or different Medicare packages moving into your retirement years, let’s make sure we’re getting the best, most cost-effective healthcare plans available to you in retirement

6) Legacy Planning:

-Making sure the dollars left behind for your loved ones are properly situated, and as tax-efficient, as is possible

Retirement planning is the process of setting aside financial resources to support oneself during retirement. It involves analyzing current and future financial needs, developing a savings plan, and selecting appropriate investment strategies.

Retirement planning is essential because it ensures that individuals have enough financial resources to support themselves after they stop working. The earlier someone begins retirement planning, the better off they are likely to be, as they will have more time to accumulate savings and investments.

A comprehensive retirement plan should consider factors such as expected retirement age, lifestyle expenses, income sources, healthcare costs, and potential inflation. By creating a solid retirement plan, individuals can enjoy their golden years with financial stability and peace of mind.

Also read: Inflation And Its Impact On Retirement Planning


Our Channel “ ON THE MONEY“, is powered by Allied Wealth, Houston’s premier wealth management and financial planning firm. On the Money brings viewers educational, topic-driven, and real-life financial scenarios every week.

Topics we will be covering are Retirement planning, Financial Planning, Investment Selection, Retirement Income Planning, Taxes and Taxation during Retirement, Healthcare, Long Term Care, Legacy and Estate Planning, in addition to important Market and Economic changes impacting Retirement.

Allied Wealth is fully dedicated to your financial future, financial security and retirement.

With Allied Wealth, you will spend less time worrying and more time enjoying the life you’ve earned