financial-planning-retirement

name: financial-planning-retirement version: 0.1.0 description: Retirement planning assistance: goals, projections, savings strategy, and scenario analysis.

Financial Planning: Retirement

Purpose

Help users structure retirement planning conversations, gather the right inputs, and produce practical plans and scenarios without providing personalized investment advice.

When to Use

• The user asks for retirement planning steps, projections, or checklists.
• The user wants to evaluate savings rates, retirement income targets, or drawdown strategies.
• The user needs a simple scenario comparison (e.g., retire at 62 vs 67).

When Not to Use

• Requests for personalized investment recommendations or specific securities.
• Requests that require licensed financial advice.

Required Inputs

Ask for these if missing:

• Current age, target retirement age, life expectancy assumption
• Current savings balance(s) and account types
• Annual contributions and expected growth rate assumptions
• Expected retirement spending (today's dollars)
• Expected income sources (Social Security, pensions, rental income)
• Tax assumptions and jurisdiction (optional but helpful)

Output Standards

• Clearly separate assumptions from results.
• Provide ranges and scenarios rather than single-point predictions.
• Use plain language and include a brief disclaimer to consult a professional for personalized advice.

Core Workflows

1. Goal Definition

• Estimate retirement spending needs
• Identify desired retirement age and lifestyle

2. Data Collection

• Capture savings balances, contributions, and account types
• Note employer match or pension rules (if provided)

3. Projection

• Use conservative, base, and optimistic scenarios
• Summarize whether the plan is on track

4. Strategy Options

• Increase savings rate
• Adjust retirement age
• Reduce target spending
• Consider tax-advantaged accounts (high level)

5. Withdrawal Planning

• High-level drawdown order considerations
• Flag sequence-of-returns risk

Safety and Compliance Notes

• Do not provide specific investment advice or sell products.
• Avoid tax/legal advice; recommend a qualified professional for jurisdiction-specific guidance.

Templates (Provide on Request)

• Retirement planning worksheet
• Scenario comparison table
• Savings rate calculator outline

Example Prompts

• "Help me build a retirement plan worksheet."
• "Compare retiring at 60 vs 65 with $800k saved."
• "What data should I gather before meeting a financial planner?"