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12 Terry Drive, Suite 203
Newton, PA 18940

(888) 270-1574

info@myinnovawealth.com

Retirement Planning Services

Retirement Considerations

When can I begin claiming Social Security?
When can I retire?
What are my pension options?
How can I estimate my retirement healthcare needs?
What’s my retirement budget?

Although you can begin claiming Social Security as early as 62 years old, your benefit will be reduced unless you wait until your full retirement age (usually age 66-67 depending on when you were born). You can also delay taking Social Security until after your full retirement age to increase your benefit. Planning Social Security around your needed cash flow in retirement to create a consistent income is critical, and one of many things the iNNOVA Wealth Partners team can help you with.

Wondering when you should take the leap to retirement? You’re not alone! We’ll help you navigate a number of questions that go into determining what retirement age is appropriate for you including:

  • Where will your retirement income come from?
  • Is your retirement savings enough to meet your lifestyle needs?
  • Will you be fulfilled if you retire from your career, or should you explore an “encore career”?

Our team can help you to determine what pension election option is right for you. We’ll take taxes, spousal benefits, and long-term cash flow needs into account to help you make a decision that’s best for your unique needs.

Healthcare costs in retirement can be intimidating! Together, we’ll determine what potential health expenses you may need to account for, as well as any “unexpected” expenses that could catch you by surprise.

We’ll dig into your big, bucket-list expenses, as well as your daily cash flow needs to help you determine your ideal retirement budget.

Retirement Planning

A little known fact is that more people perish coming down Mount Everest than while climbing up.  The clients we normally work with have already traversed the mountain of accumulating their wealth and now face the challenges of converting their assets into an income stream through retirement, i.e. their descent down the retirement mountain.  This takes a different approach and different skills.  A sharp focus on risk management, longevity/income planning, and tax efficiency is required while generating higher returns at any cost becomes less of a priority.

Investment

MANAGEMENT

Tax

Planning

Financial

Planning

iNNOVA Wealth Classes

Sign up for our highly informative seminars taught by seasoned financial planners.
Each course provides real world information and tools to help simplify the complexities surrounding retirement, tax planning, investing and general financial planning.

Check back soon for virtual events!

Learn More

2 Mar
Are You or Someone You Love Becoming a Day Trader?

Are You or Someone You Love Becoming a Day Trader?

Casinos may be operating at a reduced capacity right now, but gamblers are still getting their fix. Wall Street has been overrun by thrill seekers, tired of lockdown and looking for an outlet. I’m all for someone having fun but when someone’s understanding of the […]

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27 Jan
Happy Birthday 2021!

Happy Birthday 2021!

I think I can speak for everyone in saying that we are glad to see 2020 in the rearview mirror!  Here’s to great 2021!   There are a set of important ages when it comes to retirement planning and we thought it would be a […]

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28 Dec
The New Stimulus Bill

The New Stimulus Bill

Congress has officially passed the new $900 billion pandemic relief bill that will affect almost every American in one way or another. This is the second largest aid package ever provided, only behind the $2 trillion CARES Act approved in March of this year. We […]

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12 Terry Drive, Suite 203
Newton, PA 18940

(888) 270-1574

info@myinnovawealth.com

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