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Design

Fortifying Your Plan

Step 3. Design Workshop...fortifying your plan from every angle

The number one goal of the Design workshop is to work hand-in-hand with you to get you the best possible retirement outcome. Successful retirement planning requires a commitment on both sides…a commitment to open conversation and goal sharing resulting in a comprehensive retirement plan and a long term relationship with a Retirement Solved affiliate.

When designing your retirement plan, we recommend a Multi-Discipline Retirement Strategy™ (MDRS). MDRS is a comprehensive set of planning strategies that incorporates all of the key retirement disciplines with a focus on optimizing and protecting your nest egg. Learn more about MDRS in our Planning Center.

In the first phase of this 5-step process, we focus on Income Optimization because this is the number one fear of pre-retirees.  We follow this first phase with Protection/Risk Management planning.

In this session we review your benchmark RIPA (completed in the Discovery workshop) and compare it with a new RIPA (completed by the advisor between workshops). The new RIPA will show how our suggested changes in strategies can impact your outcome. This workshop is truly an enlightening (and educational) experience for you.

Some example changes include:

  • Social Security strategies/timing
  • Portfolio reallocation/increasing alpha (i.e. performance)
  • Reduction of volatility
  • Pension plan distribution
  • Income distribution (buffer, SWIP, or income bucketing)
  • Integrating potential guaranteed income strategies (i.e. annuities)
  • Identifying and reducing portfolio management fees
  • Tax savings strategies, and other unique strategies such as using your home as an income source, and part time retirement income sources.

At the completion of this session, your advisor will set one to two additional discussions to review an Investment Plan and Portfolio Re-allocation Grid. Our advisors research hundreds of products and test them against your goals and variables to find just the right combination of risk and reward.  Our workshops make it easy for you to see which decisions matter most, while giving you ample opportunity to evaluate the recommended strategies and products, and ask any and all questions you have.

“The Retirement Income Projection was really eye opening. We knew so little about our future. Now we have the data to make much better decisions.”  -Christine B.