Preparing for retirement involves more than just calculating how much you will need and the rate you can draw down your savings. The years before you retire is a crucial time to prepare both financially and psychologically. 

Tax planning includes a review of your tax return to identify potential planning opportunities to keep your lifetime tax liability as low as possible.

If the combined value of your estate exceeds the estate tax exemption amount, your family members may have to pay taxes on the inheritance.

The truth is that there are straightforward ways to improve your financial health. If you review this material and need help, consider leaning on a team of trusted financial professionals.

One of the more difficult challenges facing a business owner is the formulation of a viable and economically beneficial exit strategy at retirement. 

Retirees want to maintain a standard of living consistent with their pre-retirement years. This means that it may require as much as 80% of your pre-retirement income to support a comfortable retirement lifestyle.