Prestiq Wealth flags 5 retirement planning decisions before 2027

Prestiq Wealth is urging pre-retirees to review five connected parts of their finances before 2027, from income and taxes to estate planning and lifestyle goals. Founder Louis Green says the years around retirement demand a coordinated plan as taxes, withdrawals, benefits and spending choices interact.

Why it matters: - Retirement decisions now affect income, taxes, Social Security, estate transfer and spending needs for years. - EBRI and Greenwald Research found confidence in having enough money throughout retirement declined among both workers and retirees in the 2026 Retirement Confidence Survey. - Americans cited inflation, healthcare expenses, housing costs and possible changes to Social Security and Medicare as concerns. - Required minimum distributions generally begin at age 73 for many retirement account owners. - Roth conversions, retirement account withdrawals, Social Security and investment income can all change a retiree’s tax picture.

What happened: - Prestiq Wealth, a Brooklyn-based wealth management firm, outlined five retirement planning decisions pre-retirees should review before 2027. - Louis Green, founder of Prestiq Wealth and a Brooklyn wealth advisor, framed retirement planning as a series of connected decisions rather than one event. - Green said investment, tax, retirement income and estate choices affect one another over decades. - Prestiq Wealth said the guidance fits its 5 Steps to Retirement Planning Framework. - Visitors can learn more at Prestiq Wealth's website.

The details: - Retirement income: Pre-retirees should map out how Social Security, pensions, 401(k) plans, IRAs, taxable accounts and other assets may work together. - Retirement income planning can help determine which accounts to draw from and when, while weighing liquidity, investment strategy and tax consequences. - Tax strategy: Pre-retirees should evaluate the tax effects of withdrawals, required minimum distributions, Roth conversions, Social Security benefits, investment income and charitable giving. - Tax planning should focus on the full retirement period, not just the current year. - Investment strategy: Portfolios built for accumulation may need to shift as retirement nears. - Pre-retirees should check whether their investments still match time horizon, risk tolerance, income needs and long-term financial goals. - Retirement investing must balance income, volatility, liquidity and long-term growth. - Estate plan and beneficiaries: Wills, trusts, powers of attorney, healthcare directives and beneficiary designations should be reviewed regularly. - Retirement accounts, life insurance policies and other assets with beneficiary designations can determine how assets pass to heirs. - Lifestyle planning: Housing, travel, healthcare, family support, charitable giving and hobbies can materially change retirement spending. - Green said pre-retirees should focus on the lifestyle their money needs to support, not just a target account balance.

Between the lines: - Prestiq Wealth is positioning retirement planning as a coordination problem, not a savings milestone. - The emphasis on five linked areas suggests the firm sees gaps in how many households separate taxes, investments and estate planning. - The message also reflects a broader concern that retirement risks are rising as inflation and healthcare costs pressure household budgets.

What's next: - Prestiq Wealth is steering pre-retirees to review these five areas before entering 2027. - The firm says its framework is designed to help clients view retirement planning comprehensively rather than as isolated decisions. - Louis Green says the goal is to coordinate financial planning, investments, taxes, estate planning and lifestyle choices around what retirement money should accomplish.

The bottom line: - Prestiq Wealth’s message is simple: retirement planning works best when income, taxes, investments, estate documents and spending goals are reviewed together, not one at a time.