Retirement Planning

Plan Smart with Certified Retirement Plan Consultants

Retirement planning is a multifaceted process involving two key phases: accumulation and distribution. Retirement plan advisors ensure you enjoy a comfortable retirement lifestyle. At Menninger & Associates, Our experienced retirement plan consultants are here to help individuals and businesses create comprehensive retirement strategies that ensure long-term financial security.

Learn More About Retirement Planning

Our Retirement Planning Services

Explore our retirement planning services below to ensure your retirement is financially secure and worry-free:

Personalized Retirement Planning Retirement Planning Specialists work closely with you to understand your retirement goals and financial situation, creating a tailored plan that meets your unique needs.	401(k) & IRA Setup and Management Retirement Advisors guide you through setting up 401(k) and IRA accounts, ensuring you take full advantage of tax benefits, and optimizing them for long-term growth.
Tax-Efficient Retirement Strategies Retirement advisors implement strategies that minimize your tax liabilities while maximizing the growth potential. We focus on investments that offer tax-deferred or tax-free benefits to help you save more for retirement.	Asset Allocation & Risk Management Retirement plan advisors help build a diversified portfolio, balancing risk and return based on your goals. We continuously monitor and adjust your asset allocation to keep it aligned with your evolving plans.
Retirement Plan Review  Retirement Planning Specialists regularly review your retirement plan, assessing its performance and making adjustments as needed to ensure it stays on track to meet your financial goals.	Retirement Plan Optimization Retirement plan advisors optimize your plan by identifying opportunities for higher returns, lower fees, and better asset allocation to maximize savings.

Why Choose Our Retirement Advisors?

When it comes to your retirement planning, having the right retirement advisor can make all the difference. Here's why you should choose Menninger & Associates as your trusted partner,

• Proven Guidance: With 20+ years of support, our certified Retirement Plan Advisors have helped countless clients secure a financially stable retirement.
• Tailored Solutions: We recognize that each financial journey is unique. Our Retirement advisors create personalized retirement strategies that align with your goals and lifestyle.
• Trust and Integrity: We’ve earned a reputation for honest, transparent advice.
• Long-Term Support: You’ll receive continuous support and regular reviews to keep your plan aligned with your evolving needs.

Maximize Wealth in the Accumulation Phase

The accumulation phase focuses on growing your retirement savings. We help you make the most of tax-advantaged accounts like 401(k)s, IRAs, and Roth IRAs. By carefully assessing your financial situation and risk tolerance, we recommend investment strategies to maximize growth while mitigating risk.

Effective Distribution Phase Planning

The distribution phase requires meticulous planning to ensure a sustainable income stream. We focus on optimizing withdrawals from your retirement accounts to minimize taxes and preserve your assets. Understanding the complex interplay between Social Security benefits, other income sources, and Medicare premiums is crucial. Our Retirement Advisor in tax-efficient distribution strategies can help you avoid costly pitfalls and enjoy your retirement years to the fullest.

Start Your Retirement Planning Today

It is never too early to start saving for retirement. Choosing to work with a Certified Financial Planner can help you leverage the appropriate tax-preferred opportunities during the accumulation phase of your life. Additionally, a Certified Retirement Planning Consultant can help you fully understand the tax effects of withdrawing and using your retirement savings.  With tailored retirement plan solutions, they will create a plan that works for your life and avoids unintended consequences in the long run. 

At M&A, our retirement plan advisors are well-versed in both phases of retirement planning, but we also help clients when they are deciding if and when they can retire. We assist in helping our clients understand the financial and non-financial impacts. We also work with our clients to develop a financial plan that demonstrates if they can retire on their current assets and/or develop a plan of action using our retirement plan solutions to pursue their goals.

Contact a Retirement Plan Consultant Today

FAQs about Retirement Planning    

1. How to Plan for Retirement?

Planning for retirement involves determining how much you’ll need to live comfortably in your golden years. Start by assessing your current savings, estimating future expenses, and exploring retirement plan options. Consider creating a detailed financial plan that includes saving, investing, and managing your assets to ensure a secure future.

2. Which Retirement Plan is Best?

The best retirement plan depends on your financial goals, income, and risk tolerance. Common options include 401(k) plans, IRAs, and Roth IRAs. Consulting with a certified financial advisor can help determine which plan best suits your needs, whether it's employer-sponsored or an individual plan.

3. Why is Retirement Planning Important?

Retirement planning is crucial for ensuring financial security in your later years. It helps you estimate how much you need to save, manage investments, and avoid relying solely on Social Security. Planning can reduce financial stress and allow you to maintain your desired lifestyle in retirement.

4. How to Plan for Retirement in Your 50s?

In your 50s, ramping up savings and adjusting your retirement plan is important. Focus on maximizing contributions to retirement accounts like your 401(k) and IRA. Review your investment portfolio to ensure it aligns with your risk tolerance and retirement goals. Consulting with a financial planner can help you catch up if you're behind on savings.

5. What is a 401(k) Retirement Plan?

A 401(k) is an employer-sponsored retirement savings plan that allows employees to contribute a portion of their paycheck on a tax-deferred basis. Employers may offer matching contributions, helping employees save for retirement more effectively. Withdrawals are generally taxed when taken out after retirement.

6. When Should You Start Planning for Retirement?

The earlier, the better! Ideally, you should start planning for retirement as soon as you begin your career. The sooner you start saving and investing, the more time your money has to grow. However, it's never too late to begin planning—starting in your 30s, 40s, or even 50s can still lead to a secure retirement.