The New England Investment & Retirement Group (NEIRG) is a financial planning and investment advisory firm based in Northborough, Massachusetts. With over 30 years of experience, they specialize in retirement planning and helping clients prepare for a financially secure retirement. Their comprehensive services and customized approach have made them a leading resource for retirement planning in New England. This article will provide an overview of NEIRG’s services, philosophies, and how they help clients plan for retirement in areas like asset allocation, income strategies, risk management, and more. Key factors that set NEIRG apart include their fee-only model, use of passive investing, and emphasis on education and coaching throughout the retirement planning process.
NEIRG Takes a Goals-Based Approach to Retirement Planning
A key part of NEIRG’s retirement planning process is understanding each client’s specific retirement goals, priorities, and vision for their ideal retirement lifestyle. This allows them to develop a customized retirement plan tailored to the client’s unique objectives. For example, some clients may wish to travel extensively in retirement, while others want to move closer to grandchildren. NEIRG works closely with clients to quantify their retirement goals in detail, then designs a comprehensive plan aimed at helping them achieve those goals. This goals-based approach enables them to go beyond just managing assets, instead focusing on each client’s aspirations and what matters most to them in retirement.
Education and Coaching Help Clients Navigate Retirement Decisions
NEIRG emphasizes ongoing education and coaching to empower clients to make informed decisions at each stage of retirement planning. They provide resources like workshops, seminars, and newsletters to help clients understand important retirement topics. Their advisors also take time to clearly explain things like required minimum distributions, Social Security strategies, managing healthcare costs, and more. Throughout the process, NEIRG coaches clients to implement their plan successfully. This comprehensive education and coaching aims to ensure clients understand their plan and feel confident navigating the many important decisions surrounding retirement.
Passive, Cost-Effective Investing Is Central to NEIRG’s Approach
A key part of any retirement plan is investing appropriately to achieve growth and income. NEIRG utilizes passive investment management, focusing on low-cost index funds and ETFs. Their philosophy is that passive strategies provide market returns efficiently, without the risks and costs of active management. NEIRG creates globally diversified portfolios tailored to each client’s risk tolerance and goals. Ongoing portfolio rebalancing and monitoring helps adjust to changing markets and individual needs. This passive, cost-effective approach to investing aims to optimize returns for retirement while managing investment expenses that can erode savings over time.
Income Strategies Help Provide for Retirement Lifestyle Needs
Generating sufficient retirement income to support a client’s spending needs is critical. NEIRG incorporates income strategies like annuities, bond ladders, and withdrawal rate planning to produce reliable income. This helps fund retirement expenses and reduces the risk of outliving savings, which is a top concern for many. They utilize Social Security optimization to maximize this vital income source as part of the overall plan. NEIRG also stays up to date on legislative changes affecting retirement plan distributions. Their goal is to implement strategies that provide income tailored to each client’s retirement lifestyle needs.
NEIRG’s Fee-Only Model Eliminates Commissions and Conflicts of Interest
NEIRG operates on a fee-only model, meaning they do not earn any commissions by recommending certain products or strategies. Their fees are clearly disclosed upfront so there are no hidden costs. This fee-only approach eliminates conflicts of interest and reassures clients that recommendations are made purely based on their best interest. NEIRG advisors act as fiduciaries obligated to put client needs first. The fee-only model gives clients confidence they are receiving objective, prudent advice solely focused on their retirement goals.
In summary, NEIRG provides customized retirement planning services that aim to help clients achieve their unique vision for retirement, utilizing education and coaching, passive investing strategies, retirement income planning, and a fee-only model. Their comprehensive, client-centered approach has established them as a trusted resource for retirement planning in New England.