GET YOUR FINANCIAL RISK SCORE.
The Color of Money Risk Analysis is a questionnaire that asks 11 questions about your personal finances. In minutes, the analysis provides a risk score and an overview of your risk profile.
Includes a Financial Overview
The Financial Overview looks over your financial information so that you’re left with a summary to help you make decisions with increased clarity and confidence.
Detailed Financial Plan will Arrive in as Little as 3 Days
With the help of our team of CPA’s we will both process and recommend a detailed Financial Plan. It can include a break down of your Risk Tolerance, Asset Allocations & Income Planning, and an Action Plan.
The Empower Calculator
Ever wonder if you’re saving enough for when the work whistle blows for the last time? You’re not alone! Grab a cup of coffee, and let’s dive into your future finances with our super-simple retirement calculator. It’s never too early or too late to see where you stand!
Retirement Calculator
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Put in your current age, how much you rake in each year before taxes, your current nest egg, and what you’re tossing into the pot each month. Dreaming of golf courses and beach sunsets? Tell us what you think you’ll need to live that dream, and voila! Our calculator does the heavy lifting. No PhD required!
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What You'll Have: The moolah in your piggy bank when you hit the golden years.
What You'll Need: The cash you should have to live comfortably—according to the experts, not just your wishful thinking!
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Got an unexpected bonus or thinking about tightening the belt? Slide those numbers up or down. It’s kinda fun to see how a little extra here or a little less there can change the whole picture!
✺ Frequently asked questions ✺
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It's advisable to start planning for retirement as early as possible. Beginning in your 20s or as soon as you start earning gives your investments more time to grow due to the power of compounding interest.
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Retirement planning involves determining your retirement goals, understanding the necessary steps to achieve those goals, and managing your finances to ensure a comfortable retirement. It includes saving, investing, managing risks, and planning for eventualities.
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The amount needed varies depending on your lifestyle, location, health, and plans. A common rule of thumb is to aim to replace around 70-80% of your pre-retirement annual income through savings and Social Security.
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A diversified portfolio tailored to your risk tolerance and time horizon is crucial. Typically, younger investors might take more risks, gradually shifting to conservative investments as they near retirement.
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Max out your contributions to tax-advantaged retirement accounts, consider employer matching programs, and regularly review and adjust your investment portfolio to stay aligned with your retirement goals.
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Many choose to work part-time during retirement either for income, to stay active, or both. This can supplement your savings and possibly delay the need for withdrawals from retirement accounts.