At BlueRock Asset Management, we understand that retirement planning is a personal journey. Our expert advisors work with you to create a customized retirement strategy that aligns with your goals, timeline, and risk tolerance.
We help you optimize your retirement accounts including 401(k)s, IRAs, Roth IRAs, and other tax-advantaged vehicles to maximize growth potential while minimizing tax implications.
We develop sustainable withdrawal strategies to ensure your retirement savings last throughout your lifetime, balancing your income needs with long-term growth objectives.
Our experts analyze various claiming strategies to help you maximize your Social Security benefits, considering factors like life expectancy, spousal benefits, and tax implications.
We help you navigate Medicare options, long-term care insurance, and health savings accounts (HSAs) to protect your retirement savings from unexpected healthcare costs.
Our advisors implement tax-efficient withdrawal strategies and account positioning to minimize your tax burden during retirement, potentially saving you thousands of dollars.
We work with you to develop strategies for transferring wealth to future generations or charitable causes, ensuring your assets are distributed according to your wishes.
We begin with a comprehensive assessment of your current financial situation, retirement goals, risk tolerance, and timeline to understand your unique needs.
Our experts analyze your current retirement savings, projected income sources, expenses, and potential gaps to create a comprehensive retirement projection.
We create a personalized retirement strategy that addresses savings goals, investment allocations, tax efficiency, and income planning to maximize your retirement security.
Our team helps you implement your retirement plan, including account setup, asset allocation, contribution strategies, and coordination with other financial aspects.
We continuously monitor and adjust your retirement plan to account for life changes, market conditions, and evolving goals to keep you on track for a secure retirement.
The amount you need to save for retirement depends on several factors, including your desired lifestyle, expected retirement age, life expectancy, and anticipated expenses. A common rule of thumb is to aim for 70-80% of your pre-retirement income to maintain your standard of living. However, this can vary based on your specific circumstances.
Our retirement planning services include a detailed analysis of your unique situation to determine a personalized savings target that accounts for inflation, healthcare costs, and other retirement expenses.
The best time to start saving for retirement is as early as possible. The power of compound interest means that even small contributions made early in your career can grow significantly over time. Ideally, you should begin contributing to retirement accounts as soon as you start earning income.
However, it's never too late to start. If you're starting later in life, our advisors can help you develop catch-up strategies to maximize your retirement savings in the time you have available.
There are several types of retirement accounts to consider, each with its own advantages:
The optimal mix of accounts depends on your income, tax situation, employment status, and retirement timeline. Our advisors can help you determine the most advantageous combination for your circumstances.
As you approach retirement, your investment strategy should generally become more conservative to protect your accumulated wealth. This typically involves gradually shifting from a growth-focused portfolio with higher equity exposure to a more balanced or income-oriented portfolio with increased allocation to fixed income and other lower-risk investments.
However, the specific adjustments should be tailored to your risk tolerance, retirement timeline, and income needs. Our advisors implement a dynamic asset allocation strategy that evolves with your changing circumstances while still maintaining appropriate growth potential to fund your retirement years.
A sustainable withdrawal strategy balances your income needs with the longevity of your portfolio. Key considerations include:
Our retirement income planning service develops a personalized withdrawal strategy that maximizes income while minimizing the risk of outliving your assets.