Retirement Planning

Retirement Planning for the Life You Have in Mind

We help people preparing for retirement and those already retired work through questions about income, investments, spending, and the financial decisions ahead.

What are you looking forward to? What would you like more time for? You may be thinking about leaving work, reducing your hours, or reviewing how things are going now that you’re retired. We take time to understand your plans and responsibilities before discussing recommendations.

Based in Ventura, California, we work with clients in nearby communities, throughout California, and across multiple states.

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What Is Retirement Planning?

Retirement planning brings together decisions about income, spending, investments, Social Security, health coverage, and tax considerations before and during retirement. At Legacy One Financial, we begin with your circumstances and help you consider how those decisions may affect one another.

What Would You Like Retirement to Look Like?

You may want to travel, spend more time with family, keep working in a different way, or enjoy having fewer commitments.

We also ask about the responsibilities that will continue. Are you helping a parent or an adult child? Considering a move? Planning something you’ve put off while working?

These details help us understand the expenses and decisions to consider with you. You don’t need to have everything figured out before we talk.

Turning Savings Into Retirement Income

Saving for retirement is one part of the work. The next set of decisions begins when those savings need to support your everyday life.

How much will you need each month? Where will that income come from? Which accounts might you use first?

We look at your anticipated spending, income sources, and investments together so you can understand the choices in front of you and where one decision may affect another.

Income and Spending

We discuss everyday expenses alongside the plans you’re looking forward to. Travel, a home project, or financial help for family may need a different approach from regular monthly spending.

Social Security and Retirement Timing

We consider how Social Security fits with your other income sources and the timing of retirement. Your work plans and household needs help shape the discussion about when to begin benefits.

Withdrawals and Tax Considerations

We help you consider which accounts may provide income and what to discuss before taking withdrawals. When decisions require tax advice, we coordinate with your tax professional.

Investments and Available Cash

We review your investments in relation to your spending needs, time horizons, and comfort with risk. We also discuss money you may need access to sooner, including funds for anticipated expenses.

What Our Clients Are Saying

“Gaea became my financial planner thirteen years ago. I had made a small investment with the firm she came to serve after the prior advisor retired. She helped me plan for my retirement ambitions. Gaea treated me with respect and listened carefully offering her knowledge, preparation, and experience. After a few years of working together I retired. I decided to roll over my entire portfolio of investments to her. A process she made seem-less for me. When my daughter and her husband began thinking of retirement planning I suggested they talk to Gaea. They signed on with her. When their daughter graduated from college they suggested she call Gaea to discuss investing in stocks. She did and now Gaea is a part of our family. I have peace in how my contributions to my offspring, when I pass on, will be handled. All three of us followed Gaea when she left her last employer to join LPL. I had worked with four other financial planners before meeting Gaea. She has been by far the most hands on, competent provider for me. LPL seems to be a good fit for Gaea. The organization has an environment and work ethic where she can be her best self in service to others.”

Alice L.

Client of Legacy One Financial

This statement is a testimonial by a client of the financial professional as of 2/16/2023. The client has not been paid or received any other compensation for making these statements. As a result, the client does not receive any material incentives or benefits for providing the testimonial. These views may not be representative of the views of other clients and are not indicative of future performance or success.

Health Coverage and Future Care Needs

If you’re leaving work, health coverage is one of the decisions to address alongside your retirement income. We discuss how coverage expenses, Medicare considerations, and insurance fit into your financial planning, with specialist input where needed.

We also make room for questions about future care. What arrangements would you prefer? Who might be involved? How could those needs affect your finances and family?
These conversations help identify what needs further attention and which professionals should be involved.

When Retirement Decisions Overlap

Leaving work may change both your income and health coverage. A move may raise questions about available cash and ongoing expenses. Helping family financially may affect money you had set aside for retirement.

We help you examine those connections and discuss the tradeoffs before making decisions. Where appropriate, we coordinate with your accountant, estate attorney, or other professionals.

We also consider family and legacy priorities, including whether beneficiary arrangements deserve another look.

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Retirement Planning After You Retire

Once you’re retired, you have a better sense of your everyday spending and how you want to use your time. You may also find that some plans change.

Perhaps you’re traveling more, helping family, or reconsidering where you want to live. We revisit those changes with you and discuss whether your income arrangements or investments need attention.

Ongoing relationships include annual reviews and proactive communication, with opportunities to discuss changes between reviews.

Financial Second Opinion

Considering Another Perspective?

If you’re approaching retirement and would like to review your broader financial arrangements, Second Opinion on Your Millions offers questions about your investments, planning, and professional relationships.

Explore the Checklist

Second Opinion on Your Millions Checklist from Legacy One Financial

Common Questions About Retirement Planning

When should I start planning for retirement?

You can begin while retirement is years away or when a decision is becoming more immediate. We can discuss saving, a possible retirement date, or how your resources may support a change in work.

Can you help if I’m already retired?

Yes. We can discuss income needs, withdrawals, investments, changing expenses, and family priorities. We also revisit earlier decisions as your circumstances change.

Can you help me think through when to retire?

We can review your anticipated spending, available resources, and income sources alongside your preferred timing. That gives us a basis for discussing the financial considerations involved in leaving work or reducing your hours.

Can we discuss Social Security and Medicare?

Yes. We consider how Social Security and health coverage fit into your retirement planning. Medicare questions may require input from a qualified specialist.

How does retirement planning relate to investment management?

Retirement planning addresses what your financial resources need to support. Investment management considers how your portfolio is managed in relation to those needs, your time horizons, and risk.

Is the first conversation complimentary?

Yes. Your introductory conversation is complimentary. It gives us a chance to understand your questions and discuss whether our services fit your needs.

A Place to Begin

What Would You Like to Talk Through?

You may have a retirement date in mind or a question you haven’t quite worked out yet.

Your discovery call gives us a chance to hear what you’re considering and discuss whether we can help.

Talk With Us About Retirement