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Retirement Planning

Create a Stable, Secure, Sustainable Plan that Lasts for Life

Modern Retirement Theory

Modern Retirement Theory (MRT) is a comprehensive retirement planning process created by Jason K. Branning, CFP® and M. Ray Grubbs, Ph.D to offer customized solutions for each individual retiree. The goal of this proprietary process is a retirement plan that is secure, stable, and sustainable for the retiree’s lifetime.

MRT Model encompasses the following premises to build a retirement plan:


Absolute Goal


Retirement is an absolute goal, not a relative one.


Individualized Focus


Planning and executing retirement funding should focus on individuals rather than historical data or group statistics.


Outlook Ambiguity


MRT acknowledges that future events are always unknowable to individuals.




MRT seeks to provide retirement funding that is simultaneously secure, stable and sustainable. This model is also called the 3-S Income.


Retirement Sheet


Retirement Sheet represents assets or cash flow items that will affect the retiree. Retirement funding should consider how best to utilize an individual’s entire balance sheet, not just his or her portfolio, as well as off balance sheet items like Social Security and pensions.


Funding Priority


A hierarchical priority of retirement funding can be established to offset retirement risk.

At BWM we believe that retirement should be considered an absolute goal, rather than a relative one. Pre-retirees seek to retire and stay retired. By prioritizing retirement goals in the planning process, funds can be established to offset retirement risks.

We utilize this model to help our clients achieve their desired results. By revolving our Retirement Planning practice around MRT, we prioritize goals around the “unknown” – market declines, health events, etc. while also gaining a complete understanding of the “Core 4” foundations: Base Fund, Contingency Fund, Discretionary Fund, Legacy Fund.

Aligning Income and Expenses

The MRT process also strives to match Base Expenses with Base Income. Base Income should be stable, secure, and sustainable throughout the retirement horizon. We help our clients build their Base Fund through the following steps:

  1. Determine Monthly Retirement Expenses.
  2. Determine Social Security timing & strategy.
  3. Match Base Expenses against Base Income & determine income deficit.
  4. Cover deficit by converting assets (IRAs, 401ks, Investment Accounts, etc.) into income producing holdings. Remaining Base Income should be created using bond ladders, annuities (SPIAs, DIAs) or potentially other contractually guaranteed options.
  5. Calculate the Critical Path®.

Are We a Fit For You?

Our services start by completing a set of online pre-meeting questions. Once we receive those we will reach out to schedule a complimentary 30 minute phone meeting.

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