When should I start planning for retirement?

Ideally, you should start saving for retirement as early as possible. Starting in your 20s or 30s allows your investments to benefit from compound interest over time. However, if you're getting a late start, don’t worry. Even starting in your 40s or 50s can still provide substantial savings if you develop a focused, aggressive plan.

How do I know how much I’ll need for retirement?

A general rule of thumb is to save at least 15% of your annual income toward retirement. This can include contributions to employer-sponsored plans like a 401(k) and individual plans like IRAs. However, the right amount for you depends on factors like your current age, income, lifestyle, and how much you’ll need to live comfortably in retirement.

What’s the difference between a traditional and Roth IRA?

A traditional IRA allows you to contribute pre-tax dollars, which lowers your taxable income for the year, but you’ll pay taxes when you withdraw in retirement. A Roth IRA is funded with after-tax dollars, meaning you won’t get a tax break now, but your withdrawals in retirement will be tax-free, including any growth in your investments. Deciding which is best depends on factors like your current and expected future tax rates.

Retirement Planning

A Strategy Built Around Your Retirement

Our retirement planning services are designed to give you clarity and confidence. We work closely with you to craft a plan that not only fits your goals but adapts as life evolves.

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Crafting a plan that fits your lifestyle

Maximizing tax efficiency for retirement savings

plan for long-term care

Ensuring steady income throughout retirement

Adjusting your plan as life changes

Retirement is one of the biggest milestones in life, and planning for it should feel empowering, not overwhelming. At Freedom Financial Planners, we help you create a strategy that aligns with your lifestyle, goals, and vision for the future. With a personalized approach, we make sure you're on track to retire with confidence.

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Why Retirement Planning Matters

Retirement is about more than just saving—it's about having a strategy that ensures financial freedom in your later years. Without proper planning, you risk falling short of the lifestyle you envision. By taking a proactive approach to retirement, you’re setting yourself up for long-term stability and peace of mind. With the right plan, you can enjoy the future you’ve worked so hard to create.

Get Clarity On Retirement Planning

When should I start planning for retirement?
Ideally, you should start saving for retirement as early as possible. Starting in your 20s or 30s allows your investments to benefit from compound interest over time. However, if you're getting a late start, don’t worry. Even starting in your 40s or 50s can still provide substantial savings if you develop a focused, aggressive plan.
How do I know how much I’ll need for retirement?
A general rule of thumb is to save at least 15% of your annual income toward retirement. This can include contributions to employer-sponsored plans like a 401(k) and individual plans like IRAs. However, the right amount for you depends on factors like your current age, income, lifestyle, and how much you’ll need to live comfortably in retirement.
What’s the difference between a traditional and Roth IRA?
A traditional IRA allows you to contribute pre-tax dollars, which lowers your taxable income for the year, but you’ll pay taxes when you withdraw in retirement. A Roth IRA is funded with after-tax dollars, meaning you won’t get a tax break now, but your withdrawals in retirement will be tax-free, including any growth in your investments. Deciding which is best depends on factors like your current and expected future tax rates.