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Transition into Retirement

Design Your Next Chapter

Retirement, as we know it, is changing and evolving. For some, it may still mean the end of full-time work and a complete transition to leisure activities. But for others, it’s an opportunity to design an ideal future: one that may include work, volunteering, starting a business, traveling the world, and more. 

Whether you’re 45 or 65, preparing for your “next chapter” requires a plan. At Savant Wealth Management, our advisors provide retirement planning services designed to help you prepare for the future, answer important financial questions, and envision the life you want to live.

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Birthdays You Need to Remember for a Successful Retirement

When it comes to retirement, birthdays have more significance than you might think. Download our free guide to learn more.

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Retirement Transition FAQs

Am I Really Ready to Retire?

Retirement readiness can depend on both financial and non-financial considerations. Before deciding to retire, you’ll want to revisit your values, vision, and goals, re–evaluate your financial position and your ability to fund your ideal future, and reorient if things have changed significantly from your original plan.

Retirement Readiness

How Do I Account for Social Security, Medicare, and Taxation in Retirement?

Social Security, Medicare, and your retirement accounts all play a role in supporting your retirement goals, but learning the rules is key to understanding available options and avoiding common mistakes. 

As you prepare to retire, you’ll hit a number of critical milestones in which you’ll need to make decisions or follow government rules regarding enrollment or distributions. Managing these milestones can be difficult, with common pitfalls including facing penalties or higher tax consequences.

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How Do I Plan for Health Care Costs in Retirement?

Healthcare expenses can represent a significant cost during retirement, making advance planning an important consideration for many individuals. 

If you are still working, a great way to help stockpile funds to pay for healthcare in retirement is by contributing to a Health Savings Account. Although you must have a qualifying high-deductible health plan to open an HSA, having an HSA enables you to save pre-tax dollars to cover healthcare costs that your insurance won’t cover.

Should I Consider Hiring a Financial Advisor Before I Retire?

Whether you work with a financial advisor already or manage your finances on your own, it never hurts to get a second opinion. As you approach retirement, it’s common to wonder if your portfolio remains appropriately aligned with your goals. 

Just as you might seek the expertise of a medical specialist to confirm a diagnosis or seek a new treatment, you can consult with a financial advisor to review your goals, portfolio performance, and overall retirement investment planning approach. A second opinion could help you determine whether you are taking the right amount of risk, whether your portfolio is properly diversified, and whether you are paying too much in fees.  

Navigating retirement readiness challenge

Retirement Readiness Challenge

Mapping your path to retirement starts now — especially if you’re planning to retire soon. In our free weekly Retirement Readiness Challenge, you’ll learn the key steps to a successful retirement. Sign up today!

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Retirement Countdown Guidebook

Counting Down to Retirement?

Planning for retirement can be daunting. Our Retirement Guidebook is here to help you get started.

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DIY retirement

The Hidden Costs of a DIY Retirement

Retirement planning is complex — especially if you’re managing it on your own. This practical tool highlights the steps many do-it-yourself investors overlook.

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The hidden tax traps in retirement planning

The Hidden Tax Traps in Retirement Planning

Whether you’re still working, weighing when to retire, or years into it already, now’s the time to see how your income sources work together and where taxes could be quietly working against you. 

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your retirement timeline

Your Retirement Timeline

When it comes to retirement, timing is everything. Your Retirement Timeline includes 7 key “can do’s” to keep in mind as you navigate your way to (and through) retirement.

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Retirement Game Plan

The Retirement Income Game Plan

The Retirement Income Game Plan is designed to walk you through key decisions and smart strategies to help turn your savings into reliable retirement income.

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Retirement Transition Planning

Your Savant team is here to help you design, transition to, and live the life you envision. We’re with you on the journey as you transition into retirement, supporting your plans, helping you navigate important financial decisions, and keeping you focused on the goals that matter most. 

Through our comprehensive retirement planning services, our financial planning, tax, and estate planning specialists work together to understand your needs and help coordinate the many financial decisions that accompany retirement. We provide guidance designed to help you manage wealth, address tax considerations, prepare for future healthcare needs, and pursue the lifestyle you envision for years to come. 

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How Comprehensive Retirement Planning Supports Your Next Chapter 

Retirement planning involves more than determining when to stop working. Decisions related to retirement income, Social Security, healthcare costs, taxes, investments, and estate planning can all influence your long-term financial security and lifestyle in retirement. 

When these decisions are considered together, they can help create greater alignment between your financial resources and retirement goals. A proactive approach may also help individuals and families prepare for major life transitions, adapt to changing circumstances, and make more informed financial decisions over time. 

Comprehensive retirement planning services emphasize ongoing evaluation and coordination rather than focusing on a single retirement milestone. This broader perspective can help provide clarity and confidence as you prepare for and navigate retirement. 

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Why Choose Savant Wealth Management for Retirement Planning 

Retirement often brings a new set of financial decisions that can affect multiple areas of your financial life. At Savant Wealth Management, our goal is to help clients navigate those decisions through coordinated guidance tailored to their unique needs, goals, and vision for retirement. 

As a fiduciary, our team works collaboratively across financial planning, investment management, tax planning, and estate planning disciplines to provide integrated retirement wealth planning designed to support long-term financial outcomes. We help clients evaluate important considerations related to retirement income, investment strategies, tax efficiency, healthcare expenses, and legacy planning. 

Our approach emphasizes ongoing communication and proactive planning rather than focusing solely on a retirement date. By coordinating retirement planning with broader financial strategies, our goal is to help clients move forward with clarity, structure, and confidence throughout retirement. 

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How Can We Help?

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About Savant Wealth Management

Savant Wealth Management is a leading independent, nationally recognized, fee-only firm serving clients for over 30 years. As a trusted advisor, Savant Wealth Management offers investment management, financial planning, retirement plan and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting.

Savant Wealth Management (“Savant”) is an SEC registered investment adviser headquartered in Rockford, Illinois. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy, including the investments and/or investment strategies recommended and/or undertaken by Savant, or any non-investment related services, will be profitable, equal any historical performance levels, be suitable for your portfolio or individual situation, or prove successful. Savant is neither a law firm, nor a certified public accounting firm, and no portion of its services should be construed as legal or accounting advice. You should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Savant. The scope of the services to be provided depends upon the needs of the client and the terms of the engagement.