A must-read for high-level professionals looking to retire confidently, comfortably and successfully — soon!
Retirement planning has changed over the years. Gone are the days of relying on your employer to guide you into and through life’s next chapter. Now more than ever, the responsibility of retirement planning is on you.
A successful journey does not just happen by itself. To live the retired life you have dreamed about and hoped for, you must understand and execute a strategy for accumulating, protecting, and distributing your money properly. You must do so, all while preparing for risks along the way. You may think retirement is still a ways off, but it could come sooner than you think. Do not wait until it is on your doorstep to fully prepare. Waiting can be costly.
In Retiring Soon. Now What?, Paul, Luke, and Matt define the links between a myriad of financial tools and the strategies needed to manage them effectively. They cover topics such as investments, withdrawal strategies, Social Security, Medicare, debt, taxes, estate planning, and more.
Most notably, they share the PLAAN Method for successfully creating and implementing your retirement plan.
The PLAAN Method - Your Guide to Retiring With Confidence
- Do you understand the difference between accumulation and distribution?
- Is your investment strategy built to last?
- Do you have enough money saved for retirement?
- Is your money in the right places?
- Are you worried about how you will spend your time, find your purpose, and adjust to your new lifestyle?
Do you have a plan for:
- Taxes
- Social Security
- Medicare
- Debt
- Your Pension
- Your Estate
- Spending down your nest egg
- What if life throws you a Now What? moment?
We have developed a smooth and easy-to-remember approach to retirement planning. The PLAAN Method is a framework for navigating the many decisions and curveballs that inevitably arise in this stage of life.
P: POSITION
This is the data-gathering part of the process. In order to get from here to there, you first need to figure out where here is.
L: LIFESTYLE
This involves discussing and clearly defining what you want life to look like. This is imperative prior to figuring out what it will cost.
A: ANALYSIS
You cannot do much about your situation if you do not understand it. Are you currently on pace to achieve what you need and want? What do you need to do differently? What do you need to start doing? What do you need to stop doing?
A: ACTION
A plan is only as good as its execution. The Position, Lifestyle, and Analysis stages are vital, but they are only intellectual exercises unless Action ensues.
N: NOW WHAT?
Life moves at a very fast pace. Health changes, family changes, job changes, and tax law changes incite constant Now What? moments. Thus, plans need to be flexible and adjustable.
Why Now?
About Us
Discover Precision Wealth PartnersFinancial resources should be empowering, not intimidating. Retiring Soon. Now What? was born out of a shared passion for empowering you to make informed financial decisions. Recognizing the gap in confidence that many pre-retirees share, we define the PLAAN Method and give you the tools to execute a strategy for accumulating, protecting, and distributing your money.
With four decades of combined experience in the financial planning industry, our team has a deep understanding of the challenges and opportunities you face transitioning into your golden years. We know the overwhelming amount of decisions pre-retirees face can leave even the most successful and detail-oriented individuals feeling uncertain. As financial planners and partners at Precision Wealth Partners, we help high-level professionals, like you, retire confidently.
Meet Paul
Paul M. Mitchell, CFP®, RICP® believes long-term success stems from building strong relationships with his clients, community, and other professionals. As a founding member of our firm, he is dedicated to helping individuals, families, and business owners prepare for, transition to, and confidently live their dream retirement.
With a degree in Economics from the Alfred Lerner College of Business and Economics at the University of Delaware, Paul is committed to lifelong learning. He regularly conducts educational seminars to empower people to make informed financial decisions. In addition to the CERTIFIED FINANCIAL PLANNER™ designation, his professional credentials include the Retirement Income Certified Professional® and Certified Family Business Specialist, which is now known as the Business Success Professional.
Paul and his wife Markie have three sons. In addition to quality family time, he enjoys running, hiking, spending time at the beach, and staying active in the community. He is passionate about adoption and Down syndrome awareness and serves as the treasurer of the Down Syndrome Association of Delaware.
Meet Luke
Luke R. Chapman, CFP®, CEPA® is a passionate financial advisor dedicated to helping people achieve their goals by building strong relationships based on trust, honesty, and personalized guidance. His approach is direct and organized. As a founding member of our firm, he is a visionary thinker driven to find solutions to complex challenges and deliver simple, clear, and actionable recommendations.
Also a proud graduate of the University of Delaware, Luke began his career at J.P. Morgan Private Bank, where he served high-net-worth clients. His experiences during the 2008 financial crisis reinforced his commitment to providing personalized and disciplined financial advice.
Luke specializes in working with individuals, families, and small businesses, leveraging his entrepreneurial background to understand their unique needs and challenges. In addition to holding the CERTIFIED FINANCIAL PLANNER™ designation, he is a Certified Exit Planning Advisor and Business Success Professional.
Luke and his wife Dana, along with their three children, are an active family spending time outdoors, either in the woods of Vermont or on the water of the Chesapeake Bay. He is an active member of the community and has served on various boards and organizations, including Easterseals, Rotary, and the Newark City Council.
Meet Matt
Matthew M. Stranix, CFP®, RICP® is passionate about helping people make great financial decisions and enjoy their money. As a founding member of our firm, he knows that understanding your unique values, needs, and priorities is essential for creating and implementing the proper financial plan.
With a Master’s Degree in Taxation and Financial Planning from Widener University, Matt specializes in guiding high-powered individuals, pre-retirees, and small businesses through important moments of life. In addition to the CERTIFIED FINANCIAL PLANNER™ designation, the Retirement Income Certified Professional® designation highlights his expertise in retirement income planning.
Outside of work, Matt is an avid golfer, hunter, and huge Philadelphia Phillies fan. He is an active member of his South Jersey community and enjoys spending time with his wife, Taylor, and their son, Jaxson.