Retirement Planning

Retirement planning is crucial to ensure that our golden years will be just that. With life expectancy increasing we need to make sure that we have enough savings to last decades of a hopefully healthy and happy long life.

Given the compounding effect of money, the earlier we start saving and investing, the easier it is to achieve a large nest egg upon retirement. Many people mistakenly think that they will need less money in retirement. In truth, we will need 80-100% of our current working income to support ourselves in old age. Unfortunately, government pension plans will account for only 20-40% of this, so the onus is on us to make sure that our savings and investments are correctly structured to meet the shortfall.

Whether you’re starting your career, mid-life, or approaching retirement, Labinsky Financial will help you understand your future financial requirements so that you can be proactive in shaping the retirement you desire. It's never too early or too late to make a difference, so call us now to make sure you have the correct plan in place.


My husband and I had a recent Zoom meeting with Baruch Labinsky. We are about two years from retirement and are planning to make aliyah. We first learned of Baruch through Nefesh b’Nefesh and then ordered his book on line. We are working through it page by page and are finding it very informative. When we learned that we could meet him by Zoom, we jumped at the opportunity! We found him warm and engaging, knowledgeable, and understanding of our needs. We hope to spend more time with him when we arrive in Israel!

Sherrie Banks

We turned to Baruch Labinsky to help us analyze our current financial situation and to develop a plan for retirement. It was a pleasure to work with Baruch – he was thorough, thoughtful, patient, and practical. Just as important, we sensed from the start that we were working with a true mensch. After two meetings and some homework in between, we came away with a clear picture of our current finances, a detailed projection of what to expect at retirement, and the tools to make informed decisions as financial questions arise in the future. Moreover, we now have a financial advisor whom we trust and can turn to for expert advice, which we already have done since finalizing our plan a few months ago.

Allen Silver


When it comes to retirement planning, the earlier the better. With the compounding effect of money, investing early means reaping exponentially large benefits when you cash out at retirement. In addition, there are tax and other benefits that can be gained with proper structuring of your retirement investments. Good retirement planning takes all those elements into consideration along with your current earnings and future sources of income. With good planning you will know that you can reach your goals and secure your future.

When it comes to retirement savings, it is best to start as early as possible in order to maximize compounded growth. If you’ve had a late start, it is still better to save as much as possible during the remainder of your working years. Proper budgeting and the use of tax sheltered savings plans can help you increase the amount you save. Depending on your situation, other assets such as a business or real estate may be restructured in order to save taxes or invest equity at higher returns. It is worthwhile to speak to a financial advisor not only to see what’s possible but also to make sure that your mix of assets and investments are properly diversified.

Organizing your finances can definitely improve the quality of your retirement. People in retirement are usually drawing down fixed income from a pension or savings plan. Others may be enjoying passive income from investments. The commonality is the limited ability to increase income beyond these sources once you are past working age. However, adhering to a budget, reducing expenses, and taking advantage of available benefits can go a long way in stretching your shekels and ensuring you do not run out of resources. In addition, you can look at ways to free up equity in your home either through refinancing, downsizing, or a reverse mortgage. Private health insurance can offset the cost of unforeseen medical emergencies or deteriorating health. A good financial planner will help you assess all the options available to you and construct the optimal financial plan to carry you through the rest of retirement.