Retirement Planning Services in Tacoma

Your Retirement, By Design

We provide custom financial solutions tailored to your unique goals and circumstances. True Private Wealth works closely with you to craft personalized strategies that align with your aspirations, striving to ensure you have the clarity and confidence to pursue your financial objectives.

Discuss Retirement Planning

Income Planning
Wealth Preservation Strategies
Legacy Planning Strategies
Tax-Efficient Portfolio Design Strategies

How We Can Help

Retirement planning shouldn’t start at retirement; it should start well before. We take a long-term view of your financial wellbeing to help create a life after work that is as well-planned as your life while working.

Understand your goals: Through an intensely personalized approach, we discover what your retirement goals are. Whether it’s travel, a new hobby, or spending more time with the people you love, we’ll help you strive for a suitable retirement.
Analyze your current position: To plan a meaningful retirement, you need to know where you currently stand. We’ll help you build an in-depth financial inventory to use as part of our retirement planning process.
Develop your plan: We’ll work with you to create a retirement plan that aims to address them. When we’re done, you’ll not only have a better understanding of your investments, and what you need to fund your retirement lifestyle, you’ll also be better equipped to handle any shortfalls.
Implement your plan: As you move closer to retirement, we’ll work with you with a goal of ensuring the plans are implemented in a phased and orderly manner. The goal of our retirement planning approach is to make your transition to retirement as seamless as possible.
Support you in pension and benefit decisions: We’ll be here if you need advice on Government or Employer pension and benefits: when to apply, how to apply, what to do with your funds, and much more.
Partner with you in retirement and beyond: A long and fulfilling retirement takes multiple facets of your financial picture into consideration: health care, long-term care, insurance, legacy planning strategies, and charitable giving. Our financial professionals will be here for you when you need advice in any of these areas.
Provide ongoing reviews: We’ll continue to review your retirement plans, and consult with you about any changes or updates needed to address your evolving retirement lifestyle needs.

Retirement Planning FAQs

How much do I need to retire?

The amount you need to retire depends on your lifestyle, income sources, spending needs, health care costs, and how long your money may need to last. A strong retirement plan looks at more than one number. It should account for Social Security, pensions, savings, investments, taxes, inflation, and the kind of life you want to maintain. The goal is to help keep your plan aligned before retirement decisions become urgent.

Do I have enough to retire?

You may have enough to retire if your income sources can reasonably support your spending needs through different market, tax, and life scenarios. This often means reviewing your savings, expected withdrawals, Social Security timing, health care costs, and investment strategy together. A retirement plan can help give you a clearer view of where you stand and what adjustments may make sense before you step away from work.

When should I take Social Security?

The best time to take Social Security depends on your income needs, health, spouse’s benefits, tax situation, and overall retirement plan. Claiming earlier may provide income sooner, while waiting may increase your monthly benefit. The right choice is not just about the highest payment. It is about how Social Security fits with the rest of your retirement income strategy.

How do taxes affect retirement income?

Taxes can affect how much of your retirement income you actually keep. Withdrawals from traditional retirement accounts, Social Security benefits, investment income, and required minimum distributions may all be taxed differently. Planning ahead can help you understand which accounts to use, when to take income, and how to avoid unnecessary surprises over time.

How do I avoid outliving my money?

You can help reduce the risk of outliving your money by creating a retirement income plan that balances withdrawals, investment growth, inflation, taxes, and unexpected expenses. This may include keeping enough liquidity, investing for both income and growth, and reviewing your plan regularly. The goal is to stay proactive so your money has a smoother road through retirement.

How do I balance growth and safety near retirement?

Balancing growth and safety near retirement often means adjusting your investment mix so your portfolio still has room to grow while reducing unnecessary risk. As retirement gets closer, your plan may need to account for market volatility, income needs, cash reserves, and your comfort level with risk. A thoughtful strategy can help you avoid making short-term decisions based on market headlines.

What’s the first step to building a retirement plan?

The first step to building a retirement plan is getting clear on what retirement needs to look like for you. That includes your desired lifestyle, expected expenses, income sources, savings, investment accounts, taxes, and family priorities. From there, you can build a practical roadmap and make smart adjustments along the way.

Retire with Confidence

Get Started Today

The retirement you envision starts with a strong plan. Whether you’re years away or nearing retirement, let’s develop a strategy to preserve your wealth and create a lasting legacy. Contact True Private Wealth to schedule a consultation.