Updated: Jul 14
As we come to the end of the year, it's a good time to think about the choices that led us to where we are now. When reflecting on the past year, the Morris & Pursley team is thankful for the loyalty of our clients. We greatly appreciate the confidence that you place in us. Without your trust and support, we would not be half the company we are today. It's an honor for us to serve so many members of our community.
The path that got us here is the start of the path forward, and if you're like many of our clients, you may have multiple sources of income to navigate in your retirement.
More than half of our clients are retired and receiving Social Security or pensions. These income sources can provide a steady cash flow. Still, it's important to consider the impact that adding other retirement income, like 401(k)s, 403(b)s, IRAs, or fixed annuities, can have on your taxes.
With so many different retirement income types, it's hard to determine the right account you should use and when. Don't worry! Our team can look at your options and help you create a thoughtful and tax-efficient retirement income strategy.
Preparing for a Meeting with Morris & Pursley Financial Plans
We've created this cheat sheet for you if you're ready to plan for a happy retirement. After you schedule an appointment, write down any questions so you remember. If our team has shared any pre-meeting paperwork with you, be sure to fill that out in advance. Use the checklist below to help determine the documents you need to bring to your meeting.
Most recent Social Security statements (green and white)
Statements from any pensions
Statements from any investment accounts, including IRA accounts
Statements from any bank accounts (other than primary checking)
Statements from annuities
Statements from any employer-based retirements accounts (401k or 403b)
Most recent tax return
Copies of any life, disability, long-term care, or longevity insurance policies
What to Expect in Your Meeting With Us
Typically, financial advisors help their clients accumulate wealth, but our firm is uniquely focused on helping our clients with retirement. Missy Pursley is a Retirement Income Certified Professional (RICP). If you've spent a lifetime saving, you must be confident that your money will last. Missy has the training to help you mitigate the significant risks you can face in retirement.
You'll review your retirement goals and financial resources in your first meeting. Throughout the process, Morris & Pursley Financial Plans can help you navigate the complexities of making your assets last throughout your retirement. Our team will create a report outlining the strategy we discuss.
Retirement income planning may seem complicated, but with some preparation and help from our team, you can create an income strategy that allows you to retire happy.
We couldn't be prouder to be a part of this community. For that, we are so grateful. Thank you for continuing to choose us. We promise to continue to prioritize you.
Here's to another year!
Disclosure: The information provided in this blog post is for educational purposes only and should not be considered as personalized financial advice. As an RICP (Retirement Income Certified Professional) financial advisor, I am sharing general knowledge and insights based on my professional expertise. The strategies and concepts discussed may not be suitable for everyone, and individual circumstances should be taken into consideration. It is recommended to consult with a qualified financial professional before making any financial decisions. I am not affiliated with any specific financial institution or company mentioned in this article. This blog post is not an endorsement or recommendation of any specific financial products or services. The content provided is accurate to the best of my knowledge at the time of writing, but it may not reflect the most current regulations or developments in the financial industry. Please consult with a professional advisor for up-to-date and personalized advice tailored to your individual financial goals and circumstances.