5 Essential Retirement Questions Every Executive Should Answer

Are you an executive wondering when you can retire? A large 401(k) and strong investment portfolio are important, but successful executive retirement planning involves much more than reaching a specific account balance. In this video, Charles J. Lewandowski, CFP®, of Affinity Planning Partners discusses five essential financial planning questions executives should answer before retiring. We cover: • How much after-tax income you'll need to maintain your retirement lifestyle • Tax strategies to consider before and after retirement • How to approach concentrated employer stock, stock options, RSUs, and other equity compensation • Net Unrealized Appreciation (NUA) considerations for company stock held in retirement plans • When to claim Social Security and how to coordinate retirement withdrawals • How taxable, pre-tax, Roth, and deferred compensation accounts can work together • Financial risks that could disrupt your retirement plan For highly compensated executives, the final three to five years before retirement can present important planning opportunities. Decisions involving taxes, employer stock, Social Security, deferred compensation, and retirement-account distributions can have long-term consequences.professionals Before leaving your career, consider these five questions: Can I maintain my lifestyle for the rest of my life? What should my tax strategy look like before and after retirement? How should I handle my employer stock and equity compensation? When should I claim Social Security and draw from my different accounts? What financial risks remain once my paycheck stops? There is no single “best route” to retirement. The goal is to create a retirement strategy built around your finances, taxes, lifestyle, and long-term objectives. Affinity Planning Partners helps executives and business owners preparing to enter the “work optional” phase of life create a personalized roadmap for retirement. If you'd like to learn more, contact Affinity Planning Partners and Let's Make a Plan. Charles J. Lewandowski, CFP® Affinity Planning Partners This video is provided for educational and informational purposes only and should not be considered individualized investment, tax, or legal advice. Consult the appropriate financial, tax, and legal regarding your individual circumstances.