Most people are well aware of the fact that they need to plan for retirement. If you thought just figuring out how much to invest into your retirement plans was difficult, just wait until it comes time to consolidate all of the income streams within your retirement plans.

The three primary issues associated with pre-retirement planning are how much to invest, how to allocate your assets, and where the assets are located. In post-retirement, however, there are many more complicating factors that make it all the more important to retain the services of a professional.

Some of the concerns associated with post-retirement planning include when to begin Social Security benefits, when to draw down a pension, asset allocation, how much to withdraw, the differences between drawdowns from tax deferred versus taxable accounts and planning for how your estate will be used after you’re gone. It can be very difficult to predict the future but it is even more important to plan for it to make things easier for your loved ones and to ensure that you have a clear understanding of what will happen in your estate in the future.

Schedule a time to speak with an experienced and knowledgeable estate planning attorney in your area.