Your financial priorities change as your life does. For example, someone starting a career, someone in their peak earning years and someone approaching retirement each need a different plan. That is the idea behind financial planning by life stage. Toomey Investment Management, based in Wallingford, CT, builds each plan around where you are today and where you want to be. So choose the description that fits you best.
Accumulation & Planning: early in a career it is easy to put off a financial plan because there are few moving pieces. However, starting early gives your savings the most time to work.
Peak Earnings & Pre-Retirement: as income rises, so does the number of variables. These are the years when asset and tax planning matter most to a successful retirement.
Retirement & Distribution: retirement income typically rests on pension income, Social Security and personal investments. That is why we run a comprehensive needs analysis to plan how those sources will support you.
Serious Investor: if you are ahead of, or behind, where the statistics say you should be and want the base of your net worth managed professionally, we can help.
Business Owner: we make your business part of your overall financial plan, help you provide a cost-effective benefit structure for you and your employees, and assist with succession planning.
Still, financial planning by life stage is a guide, not a rule. Many people do not match one category neatly, and a major life change such as a marriage, divorce, job change or inheritance can reshape your goals overnight. Call 203-949-1710 or get in touch and then we will start with a conversation about what you want to achieve.