At Paracca Wealth Advisors, we use our established 365 Plan™ when planning for retirement. This bulletproof, easy to follow process ensures financial security, success, and prosperity so our clients can make the latter years of their lives the best years of their lives.
Before we can take any steps towards your goals, we need to understand where you are today. Our advisors will take an in-depth look at your whole financial picture to best understand how to begin planning for your retirement.
The next step after reviewing where you are currently is to discuss where you would like to be in the future. Our advisors dig deep to understand what your ideal retirement looks like. It's important for us to understand what your life-long goals and aspirations are so we can build an actionable plan to help you achieve those goals and aspirations.
Now that we understand where you are currently and where you would like to be in the future, we can begin to structure your retirement plan based around those goals and aspirations that we discussed in Step 2. Most of our advisors have come from large institutional firms where the retirement plans are long, drawn out, complex, and hard to follow. At Paracca Wealth Advisors, we structure the "One Page Plan" - a step-by-step retirement plan that is easy to follow and updated annually. Our One Page Plan lays out actionable steps paired with over 1,000 possible scenarios to give you peace of mind that you are set up for the rest of your life. All in one page, not 50.
Last but certainly not least, it is very important for you and your advisor to stay on track with your retirement plans. This is arguably the most important step in the 365 Plan™ process. We can do everything we can to build the most effective plan possible, but we cannot prevent or predict life occurrences. Life happens, and that's okay. Imagine you are taking a cross-country roadtrip from Florida to California. The first thing you would do is put the destination in Google Maps to get the quickest, cheapest, and most efficient route. Let's say that Google Maps is telling you that it will take 35 hours to get there. However, during your voyage, you'll likely run into roadwork, accidents, traffic jams, a flat tire, bad weather, hotel stays, etc. So, your trip will likely be much longer than 35 hours and more complicated than you initially planned. Think of the same scenario but with your retirement plan. Over the years, you may lose your job, experience the passing of a loved one, receive an inheritance, get divorced, etc. Retirement planning is not a set and forget process. It requires attention to detail and continuous implementation, updates, and changes as live events happen. At Paracca Wealth Advisors, your financial advisor is your life partner, here with you throughout the entire process to help keep you on track to achieving your life-long dreams.
If you are interested in learning more about our 365 Plan™, give us a call at the number below. We would be happy to answer any questions you may have.
