CASH FLOW PLANNING
COMPREHENSIVE AND CUSTOMIZED FINANCIAL PLANNING IS CRITICAL TO CREATING A ROADMAP THAT WILL GUIDE CASH FLOW AS SEAMLESSLY AS POSSIBLE
Travel. Trust Funds. Taxes. Tee times. For clients who are approaching retirement, future expenses often lurk in unexpected places. That’s why comprehensive and customized financial planning is critical to creating a roadmap that will guide cash flow management as seamlessly as possible.
The Baby Boomer generation – loosely defined as people born between 1946 and 1964 – is either rapidly approaching this life stage, or well-settled already. More than half of Clearstead’s clients fall in this category, giving us a wealth of experience in guiding people toward a thoughtful cash flow plan for financial independence.
When creating a retirement cash flow plan, some factors that clients frequently overlook include
Educational expenses for grandchildren
Many clients underestimate the amount they will contribute toward college tuition and other related costs for grandchildren, but this is a common expense.