B&P Financial Services

Morristown, NJ 07960

163 Madison Ave., 2nd Floor

Mon - Fri: 12:00PM to 9:00PM

Excluding Weekends

Retirement Planning NJ


Defined Benefits & Contributions


Roth IRA & 401K

Proper estate planning is critical. Yet, far too few people have the necessary documents for an orderly transition of assets. Most people don’t take the time to make sure their wishes are respected.

The consequences of neglecting this are severe. Through our work we see all too often where proper planning and preservation is not considered and people are left to deal with an unorganized and disorganized inheritance.

Our comprehensive estate planning solutions are easy to use and provide all the tools you need to plan for your family and protect your assets.

retirement planning nj
planning to retire

what we offer

We Shape the Perfect

Solution for The Future

Time Horizon

Your current age and expected retirement age create the initial groundwork of an effective retirement strategy. Many people think of retirement as a time to lounge around and do as they please, it is important to figure out the budget as soon as possible to ensure that you are set for the new life that is waiting for you.

Spending Needs

Most people believe that after retirement, their annual spending will amount to only 70% to 80% of what they spent previously. Your spending could increase or remain stagnant. The main factor to keep in mind is how much money you spend is your level of happiness after your retirement begins and your new life begins.

Rate of investment

Once the expected time horizons and spending requirements are determined, the after-tax real rate of return must be calculated to assess the feasibility of the needed income.  These rates can be determined from historical data or estimated from forecasts and used to predict future potential rates for your portfolio.

tax credits

Tax planning is necessary because it allows you to plan for the future. Tax credits work like incentives and they help you lower the amount of money that you owe in tax liability. They don’t reduce your taxable income; instead, they can be deducted from your final amount owed. This helps to lower your tax liability and money owed.


How is your finance iq? 

How Much Money Should I Save?
After retirement, your investments should be able to provide you with around 75% of your income in retirement. Everybody’s situation is unique. Their goals are ever-changing. Financial habits and even behavioral biases will have an effect on the type of life you live during your retirement. Will you have more money to spend by retiring early, or will you have fewer expenses by retiring later?
How do I supplement my money once I'm retired?
There are three primary sources of income that people may have access to in retirement: personal retirement savings such as  Individual Retirement Accounts (IRAs), employer-sponsored defined contribution plans (401(k), 403(b), or a 457(b)), Social Security, or a pension.  In addition, one could have a part-time job in retirement, of course.
What Percent of My Income is the Right Amount to Save Each Month For Retirement?
Numerous articles, advisors, and organizations provide suggested savings rates for future retirees. These seek to spell out how much a person should be saving on a monthly basis in order to successfully retire. The most important thing to do when saving for retirement is to develop a strategy that accounts for your personal retirement needs. A general rule of thumb is that you should have between 70-90% of your pre-retirement income replaced in retirement.