A common fear among baby boomers is running out of money. Life expectancy continues to increase, adding more years in retirement and healthcare costs continue to rise putting many at risk of outliving their assets.

By analyzing your cash flow situation, we are able to estimate if you’re on track for retirement. If you’re not on track, our goal is to help get you there so you can have peace of mind.

Cash flow refers to the in and out motion of money. Engaging in the process of cash flow management involves understanding the components that make up where money comes from, where it goes and what choices are appropriate to meet your lifestyle goals. It’s an active and continuous process.

To analyze your cash flow, we look at all your income sources, fixed expenses, discretionary expenses, taxes and savings. This allows us to get a better understanding of your financial situation and gives us the ability to project future scenarios. For example, if you’re approaching retirement we can project how much money you will have during retirement and then estimate if that money will last throughout your life while factoring in future taxes, inflation and the projected rate of return on your portfolio.

Analyzing your cash flow throughout the year will help you monitor your money so you can make sure you’re bringing in more cash than you’re spending.