Partial Work

Because her whole career was primarily with one company, the majority of her assets are also with that company's 401(k).

She can see herself working part time for 4-6 years, and then dropping it all together.

One issue is, because of the reduced income, she won't have funds available to allocate for future retirement savings.

Susan must determine if her current retirement assets are enough (with growth) to carry her once she turns on income at full retirement.

When Susan sits down with a professional to brainstorm her options, it quickly becomes very clear what her goals are.

The planner can determine based on income needs, roughly how much will be needed from her assets at full retirement.

From this information Susan will know what type of investment growth is required and/or if her lifestyle is feasible.

Health insurance also comes into play here as she will lose benefits by going part time.

With careful consideration and balance between current and future goals, Susan is able to realize her vision.

Because of the lower income years coming up, she is able to take advantage of tax strategies that will set her up nicely during full retirement years.

Susan is able to work with the planner to find health care professionals that will suit her needs until Medicare kicks in at 65.

She now has a strategy to position her investments appropriately to suit her changing life goals.

Susan is free to travel, spend time relaxing, and visiting friends more than ever now that she’s part time. She even enjoys work more now that it’s a lesser capacity.