A Plan That Brings Order to Complicated Retirement Decisions
Retirement planning is different from general financial planning because many of your most important financial decisions happen at the same time. Questions about retirement income, pensions, Social Security, Medicare, taxes, and healthcare costs often converge during the years leading up to retirement, making it difficult to know where to focus first. Tiarks Financial helps pre-retirees and retirees create clarity through a structured Retirement Roadmap process backed by more than 20 years of experience serving Southeast Minnesota families, including Mayo Clinic employees and retirees. Whether you're preparing to retire in the next few years or already making retirement decisions, we help you understand your options before important choices become permanent.
We work with families throughout Pine Island, Rochester, Owatonna, Austin, Faribault, Albert Lea and beyond, helping create a clearer path toward retirement.
Everything Included in Retirement Planning
403(b) Planning
Many people spend years contributing to a retirement account without reviewing whether the investments still align with their goals. Our 403(b) guidance helps you evaluate investment elections, contribution strategies, and retirement readiness with advice tailored to your situation.
Pension Planning
Choosing between a lump sum and monthly pension payments can affect your retirement for decades. We model the tradeoffs using your actual numbers so you understand the implications before making a permanent election.
Retirement Income Planning
Saving for retirement is only part of the challenge. We help coordinate withdrawals, pensions, Social Security benefits, and investment accounts into a sustainable retirement income strategy.
Social Security Planning
The timing of your Social Security claim can significantly affect lifetime benefits. We help evaluate claiming strategies and coordinate them with your overall retirement income plan.
Life Insurance
Employer-provided group life insurance is a workplace benefit that ends with employment. For those who've had it for 20 or 30 years, losing that coverage can create a significant gap, and the opportunity to replace it on favorable terms is often shorter than expected.
How Retirement Planning Works
Retirement planning doesn't have to feel overwhelming. The Retirement Roadmap breaks the process into manageable steps so you can move forward with confidence.
Discover
We begin by learning about your goals, retirement timeline, current accounts, benefits, and concerns.
Evaluate
We analyze retirement income sources, benefit elections, Social Security strategies, healthcare costs, and long-term retirement projections.
Plan
We build a personalized roadmap designed around your financial goals, retirement lifestyle, and income needs.
Take Control of Your Retirement With Clear Next Steps
Retirement should not be a series of disconnected decisions. Tiarks Financial helps coordinate retirement income planning, pensions, Social Security, Medicare, life insurance, and investment planning into a single strategy designed around your goals.
Families throughout Rochester, Owatonna, Austin, Faribault, and Albert Lea rely on our team for retirement guidance built on experience, clarity, and personalized attention.
Common Questions About Retirement Planning
When should I start retirement planning?
The best time to begin is before retirement decisions become urgent. Many clients start planning five to ten years before retirement, although guidance can still be valuable closer to retirement or after retirement has already begun.
How much money do I need to retire?
The answer depends on your spending goals, income sources, healthcare costs, and retirement timeline. The Retirement Roadmap helps determine whether your current resources support the retirement lifestyle you want.
What makes retirement planning different from financial planning?
Retirement planning focuses on income generation, pension elections, Social Security timing, healthcare planning, and retirement withdrawals. These decisions become increasingly important as retirement approaches.
Can you help with Mayo Clinic retirement benefits?
Yes. Tiarks Financial has more than 20 years of experience helping Mayo Clinic employees and retirees understand pensions, Fidelity 403(b) plans, retiree benefits, and retirement transitions.
