Learn from a real client’s retirement planning for single individuals and their journey to master key principles to ensure financial security



Retirement planning can be daunting, especially for single individuals like Sandra, who are facing it alone. With careful consideration and strategic decision-making, however, it’s possible to create a robust retirement plan that ensures financial security and peace of mind. In this guide, we’ll delve into Sandra’s journey and highlight key strategies to overcome common challenges faced by single retirees.

Understanding the Unique Challenges:
Sandra’s concerns about running out of money and facing potential healthcare costs are common among single retirees. Unlike couples, singles bear the sole responsibility of managing their finances and healthcare needs. It’s crucial to recognize and address these challenges proactively to build a resilient retirement plan.

Common Mistakes to Avoid

Single individuals often underestimate their retirement expenses, assuming they’ll be half of what couples experience. However, expenses like housing and healthcare may not decrease significantly for singles. Additionally, failing to update personal goals post-retirement and overlooking tax implications can impact financial planning.

Building a Solid Foundation

Sandra’s retirement plan is built on a foundation of diverse income sources and careful asset allocation. By maximizing her Social Security benefits through deferral and maintaining a well-diversified investment portfolio, she ensures a steady stream of income throughout retirement.

Navigating Income Sources

Sandra’s income sources include her salary, Social Security benefits, and investment portfolio. While her salary will cease upon retirement, Social Security benefits and portfolio withdrawals will sustain her throughout retirement. By strategically timing Social Security benefits and monitoring portfolio performance, Sandra optimizes her income flow.

Managing Investment Portfolio

Sandra’s investment portfolio comprises various accounts, including taxable, Roth, and Traditional IRAs. With a mix of growth and moderate assets, she balances growth potential with capital preservation. Continuous monitoring and adjustments are essential to mitigate market volatility and ensure long-term sustainability.

Addressing High Initial Withdrawal Rate

During the gap years before Social Security kicks in, Sandra faces a higher withdrawal rate from her investment portfolio. While this is planned for, market fluctuations and rising expenses pose risks. Implementing dynamic guardrails and adjusting withdrawal strategies help mitigate these risks and maintain financial stability.

Preparing for Rising Expenses

Sandra anticipates rising expenses, particularly with inflation and healthcare costs. While her mortgage payment will eventually decrease, other expenses may increase over time. Flexibility in adjusting withdrawal strategies and prudent budgeting are crucial to accommodate these changes.


Retirement planning for single individuals requires careful consideration and proactive strategies to ensure financial security. By learning from Sandra’s journey and implementing key principles like maximizing income sources, managing investment portfolios, and addressing rising expenses, single retirees can navigate retirement with confidence and peace of mind. Start planning your retirement today to enjoy a fulfilling and worry-free future.

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This does not constitute an investment recommendation. Investing involves risk. Past performance is no guarantee of future results. Consult your financial advisor for what is appropriate for you. Disclosures: https://onedegreeadvisors.com/solutions/#disclosures

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