Retirement Planning Through a Financial Literacy Lens

Retirement is no longer a singular event—it’s a phase of life that can span 25 to 30 years or more. For financially successful individuals and business owners, the challenge often lies not in saving, but in making the most of those savings through strategic planning.

Building a Tax-Savvy Retirement Income Plan

One of the most overlooked aspects of financial literacy is tax planning in retirement. Many retirees are surprised to learn how much taxes can erode their nest egg. Understanding how to draw from different types of accounts (tax-deferred, taxable, and tax-free) can minimize your lifetime tax bill and extend the longevity of your assets.

Health Care, Longevity, and Lifestyle

Longer life expectancies mean greater exposure to health care costs and market fluctuations. Financial literacy in retirement includes knowing when to take Social Security, how to prepare for long-term care, and whether annuities or other income strategies make sense for your situation.

Business Owners: What Comes Next?

If you're a business owner, your exit strategy is critical. Whether you plan to sell, transfer to family, or gradually phase out, understanding the tax and income implications of your decision is key to preserving your legacy and supporting your next chapter.

Don’t “Set It and Forget It”

A financially literate retirement plan is flexible and reviewed regularly. Market conditions change, tax laws evolve, and your goals might shift. Staying engaged means staying empowered.