Iowa Fiduciary

Creating a Retirement Plan with Johnson Wealth and Income Management

Retirement is a significant milestone in life, marking the transition from decades of hard work to a well-deserved period of relaxation and enjoyment. However, the journey to retirement bliss requires careful planning and strategic financial management. 

At Johnson Wealth and Income Management, Matthew P. Johnson and his team of Fiduciary advisors has decades of experience in helping individuals plan for this crucial phase of life by crafting personalized retirement plans tailored to their unique goals, aspirations, and financial circumstances. 

In this blog, we’ll explore the importance of retirement planning and our approach at Johnson Wealth and Income Management. We’ll also provide actionable insights to help you create a roadmap to a fulfilling retirement. Let’s get started.

The Importance of Retirement Planning

Iowa FiduciaryRetirement planning is more than just setting aside a portion of your income for the future. It’s about envisioning your desired lifestyle and taking proactive steps to achieve it. Shockingly, nearly half of retirees fear they will outlive their retirement savings. However, with a robust retirement plan, individuals can avoid this looming financial uncertainty.

Starting the retirement planning process early on offers significant advantages. It allows for the gradual accumulation of wealth, harnessing the power of compounding over time. Furthermore, early planning permits individuals to navigate tax strategies effectively, optimizing their savings and minimizing future tax liabilities. 

Retirement planning is a necessity for anyone looking to protect their future well-being. It helps empower individuals to take control of their financial futures, paving the way for a comfortable, secure, and fulfilling retirement journey.

Our Approach at Johnson Wealth and Income Management

Iowa Fiduciary“As a Fiduciary advisor, I’m dedicated to crafting retirement solutions tailored to your needs. By assessing your risk tolerance, goals, and time horizon, I develop strategies that balance investment growth with safeguarding your assets. In today’s dynamic economy, challenges abound, but so do opportunities. Together, we navigate these to seize potential rewards. Building a secure financial future for my clients brings me immense satisfaction.” – Matthew P. Johnson.

Johnson Wealth and Income Management recognizes that no two individuals have the same retirement goals or financial circumstances. That’s why we take a personalized approach to retirement planning, working closely with each client to understand their unique needs, preferences, and objectives. Our team of experienced financial advisors employs a comprehensive process that encompasses:

  1. Goal Setting: We begin by helping clients articulate their retirement goals and aspirations, whether traveling the world, pursuing hobbies, or spending time with family and loved ones.
  2. Financial Assessment: Next, we conduct a thorough assessment of our clients’ financial situation, considering their assets, liabilities, income, expenses, and risk tolerance.
  3. Asset Allocation: Based on our client’s goals and risk tolerance, we develop a customized asset allocation strategy designed to help them optimize returns while effectively managing risk.
  4. Investment Management: Our team utilizes a disciplined investment approach, combining strategic asset allocation with active portfolio management to help clients achieve their long-term financial objectives.
  5. Tax Optimization: We implement tax-efficient strategies to help minimize our clients’ tax liabilities and maximize their after-tax returns, including retirement account contributions, tax-loss harvesting, and Roth conversions.
  6. Estate Planning: We assist clients in creating comprehensive estate plans to help preserve their wealth, minimize estate taxes, and help ensure a smooth transfer of assets to future generations.

Actionable Insights for Retirement Planning

In addition to our personalized approach, we offer actionable insights and tips to help individuals kickstart their retirement planning journey:

  1. Start Early: The earlier you start saving for retirement, the more time your investments have to grow. Take advantage of employer-sponsored retirement plans, such as 401(k)s or IRAs, and contribute regularly to help maximize your savings potential.
  2. Diversify Your Investments: Spread your investments across different asset classes, such as stocks, bonds, and real estate, to help reduce risk and enhance long-term returns.
  3. Monitor Your Progress: Regularly review and adjust your retirement plan as needed, considering changes in your financial situation, investment performance, and retirement goals.
  4. Consider Longevity Risk: Factor in the possibility of living longer than expected and plan accordingly, helping ensure your retirement savings help sustain you throughout your retirement years.

Final Thoughts

Retirement planning is a journey that requires careful consideration and strategic foresight.

Johnson Wealth and Income Management is committed to helping individuals create personalized retirement plans. As an independent wealth and management firm, we take pride in representing our clients and their best interests. Our independence is vital to helping deliver our clients with objective and unbiased recommendations.

Whether you’re just starting your career or nearing retirement age, our team of experienced financial advisors is here to provide the help and support you need to achieve a fulfilling, worry-free, and secure retirement. 

Contact us today to get started on your journey to retirement bliss with confidence and peace of mind.

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Johnson Wealth & Income Management and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Johnson Wealth & Income Management and Sound Income Strategies LLC are not associated entities. Johnson Wealth & Income Management is a franchisee of the Retirement Income Source. The Retirement Income Source and Sound Income Strategies LLC are associated entities. © 2023 Sound Income Strategies.