Welcome to McKell Partners
We help individuals and families experience financial peace so they can focus their lives on what matters most. We accomplish this by implementing a variety of effective strategies to combat the risks associated with pre- and post-retirement life. This helps ensure that one's Golden Years are just that - truly golden.
Your Retirement Journey: Building
Long-term savings is essential – especially for private sector workers without a pension. Here’s a question: What is the purpose of long-term savings? Most say, “For retirement.” True. But, isn’t the underlying purpose to create an income stream in retirement? If income streams are the objective, then shouldn’t we think about that more deeply in our planning? Two people can save the same amount of money, but one potentially can have double the income simply by how assets are positioned in the accumulation phase of life. This is not because of taking on more risk or by saving more. We refer to it as an Integrated Retirement Income Strategy.
Your Retirement Journey: Transitioning
Our financial lives are much like a chessboard – with each chess piece representing a different financial component. Even if you don’t play chess, you know that one move can change the whole board, right? This is why great chess players focus on a series of moves rather than one move at a time. It is also why it’s not uncommon to become anxious as you approach retirement. A myriad of obstacles lie before you: market risk, pension elections, maximizing Social Security benefits, positioning assets to mitigate longevity, long-term care, survivorship risk and others. Being deliberate and strategic is essential to trying to achieve the best outcomes.
Your Retirement Journey: Preserving
Gone are the days where one retires at 65 and passes by 72. Americans are living longer! It is not uncommon for individuals to live 20-30+ years in retirement. Consequently, the prevailing fear amongst most retirees is, “How do I ensure I won’t run out of money?” Longevity risk is just one of many risks faced by retirees. Also consider excessive market risk, inflation risk, survivorship risk, long term care risk and of course legacy risk. Achieving financial peace is accomplished by developing specific financial strategies to potentially mitigate these risks. This is why taking a holistic view of your financial life is so important.
The Retirement Savings Dilemma
If you’ve been paying attention, you know that America is facing a Retirement Epidemic. The rules have changed and many are unfortunately on the wrong path. Refer to 50 Alarming Statistics as part of the Retirement Readiness Kit in the Learning Center. An “assets-only retirement,” as explained below, will not necessarily do the trick anymore. Yet, many are headed that direction – whether they know it or not.