Forty-four percent of workers have taken the time and effort to complete a retirement needs calculation1. This is the basic planning step that can help determine how much money they are likely to need in retirement and how much they will need to save to reach that goal. Only a fraction of the 44% have a written plan and strategy in place to work towards their retirement goals, and even less monitor the plan on a regular basis.
Modus Advisors has developed the AIM™ planning process:
Analyze - analyze your needs , resources, and strategies to reach your goal. Implement - even the best plan will produce no results if it isn’t implemented. Monitor - review and revise your plan regularly to keep your plan current with your changing situation and a changing world.
Think of AIM as a continuous process of analyzing your situation and opportunities, implementing the right ideas, and monitoring your plan on a regular basis to know when revisions need to be made. Click on the Modus AIM™ link to learn more about our unique planning process.
Just as the great inventors in history recognized the need to rethink a common problem, we need to rethink what retirement means. Rethink what retirement looks like, what your needs will be, investment volatility, and how to monitor your plan. Rethink Retirement is a process that can turn your retirement into the most fulfilling and rewarding years of your life.
At Modus Advisors, we help successful individuals plan for their most important financial goals. If we can help you rethink your retirement, please Contact Us at your convenience. Or call us at (952) 946-1000 to schedule a no obligation, free consultation.
1Employee Benefit Research Institute and Matthew Greenwald & Assoc. Inc., 1993-2009 Retirement Confidence Surveys.