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Retirement Planning

Planning for retirement isn’t just a process of saving money and making good investments–it’s creating a roadmap for the life you want to live when you're no longer working. At Sage Wealth Partners in Scottsdale, we understand that retirement planning looks different for everyone. Some dream of traveling the world, others want to spend time with grandchildren, and many hope to leave a lasting legacy.

Whatever your vision, our team of retirement advisors will help you break down retirement planning into manageable steps toward the future you've worked so hard to build.

Why Start Planning Now?

The earlier you begin your retirement planning journey, the more options you'll have available. Even if retirement seems far away, taking steps today can significantly impact your financial security tomorrow.

Consider these facts:

  • The average American will spend approximately 20 years in retirement
  • Healthcare costs continue to rise, with the average couple potentially needing $300,000+ for medical expenses in retirement
  • Social Security benefits typically replace only about 40% of pre-retirement income

These realities make comprehensive financial planning for retirement essential, regardless of your current age or career stage

Let's Discuss Your Plan

Our Approach to Retirement Planning

At Sage Wealth Partners, we believe retirement planning should be personalized to your unique situation. Our process includes:

Retirement Income Planning

Understanding how much income you'll need is the foundation of any retirement plan. We help you:

  • Calculate your expected retirement expenses
  • Identify potential income sources
  • Develop strategies to bridge any gaps
  • Create a sustainable withdrawal plan to make your money last

Healthcare Planning

Healthcare costs represent one of the largest expenses in retirement. Our advisors help you prepare for:

  • Providing resources for Medicare enrollment and supplemental coverage options
  • Long-term care needs and insurance considerations
  • Health savings accounts (HSAs) and other tax-advantaged options
  • Unexpected medical expenses

Income Strategies

We'll help you coordinate multiple income streams to maximize efficiency:

  • Social Security optimization
  • Pension benefits (if applicable)
  • Investment portfolio income
  • Annuities and other guaranteed income sources
  • Part-time work and passive income opportunities

Tax Strategies

Smart tax planning can significantly impact your retirement savings. Our team helps you:

  • Manage required minimum distributions (RMDs)
  • Utilize tax-advantaged accounts strategically
  • Implement tax-efficient withdrawal strategies
  • Minimize taxes on Social Security benefits
  • Consider Roth conversion opportunities

Estate Planning & Generational Wealth

For many clients, retirement planning extends beyond their lifetime. We assist with:

  • Legacy planning and wealth transfer strategies
  • Gifting approaches that benefit both you and your beneficiaries
  • Charitable giving options
  • Trusts and other estate planning tools
  • Family education about wealth management

Why Choose Sage Wealth Partners for Your Retirement Planning?

Our team is committed to understanding the unique opportunities and challenges you face. We prioritize building enduring relationships over simply managing accounts. As life changes, so should your retirement plan. That’s why we emphasize continual communication and regular reviews to ensure that your progress aligns with your evolving goals.

Frequently Asked Questions

How much money do I need to retire comfortably?
This varies based on your lifestyle goals, expected longevity, healthcare needs, and other factors. As a general rule, many financial professionals suggest aiming to replace 70-80% of your pre-retirement income. However, your specific number might be higher or lower. 

When should I start taking Social Security benefits?
You can begin collecting reduced benefits at 62, full benefits at your full retirement age (66-67 for most people), or increased benefits if you delay until age 70. The right choice depends on factors including your health, family history, other income sources, and overall financial situation. 

What tax considerations should I be aware of in retirement?
Taxes can take a substantial bite out of your retirement income if not properly managed. Strategic withdrawal planning across different account types (taxable, tax-deferred, and tax-free), careful timing of Social Security benefits, and other retirement tax planning techniques can help minimize your tax burden. 

Start Your Retirement Planning Journey Today

Contact Us Today

Whether retirement is decades away or just around the corner, taking action now can help you to be prepared. Contact Sage Wealth Partners to schedule a consultation and take the first step toward the retirement lifestyle you deserve.