To help you decide, we put YOU at the center of our “StrongTower Process”. Together, we can chart a course for success that removes the fear from your finances. First, we analyze your current situation to develop your “Financial Scorecard”. Then, we put your hopes, goals, and dreams at center stage of our plan. This provides you with clarity of your current financial status vs where you want to be in the future. Next, we begin charting the course to success. Combine this with powerful forecasting tools and you become empowered to take control of your finances and make your Entergy retirement decision.
1. DISCOVERY MEETING
In the discovery meeting, we gather all the important information needed to chart the course for you. How do you define success? What does a perfect retirement look like to you? What resources do you have to help meet your goals? A discovery meeting is also where you learn about StrongTower to make sure we are a good fit for you and your family.
2. PLAN PROPOSAL
Once we have the right data, it is time for our team of professionals to create a custom, dynamic retirement plan for you. We use an advanced statistical analysis tool that runs thousands of scenarios to clearly display to you the “chance of success”. This is what you need to feel confident with your decision.
We will even provide you with a stress test to help answer your greatest fears. This allows you to plan for the “what if’s” of life.
- What if the markets drop 30% this year?
- What if social security doesn’t pay as expected?
- What if inflation is higher than anticipated?
- What if long-term care costs are incurred?
A good plan takes all of this into consideration for you.
3. PLAN EXECUTION
If the plan meets your expectations, we put everything into motion for you. This might include:
Setting up a Traditional IRA to receive your Entergy funds (this allows you to avoid all taxes and penalties)
Helping you complete rollover paperwork for your 401(k) plan
Helping you complete the pension buyout agreement forms
Establish monthly withdrawals to meet your income needs
4. REVIEW / ANALYZE
Things change over time and a good financial plan needs to adapt. It is our privilege to meet with you on a regular basis to make sure you stay on track. We might adjust your investment portfolio, rebalance as market cycles fluctuate, and adjust income expectations. We partner with your family for the long haul.
Meet with a trusted advisor
Ready to know if your Entergy buyout is a good idea? Schedule a free discovery meeting with a trusted advisor today.