Pre-Retirees & Retirees
Helping You Reach Your Financial Goals And For Them To Last A Lifetime
Retirement is a new phase in life, and as with any change, it can be a bit nerve-wracking. We help when planning to transition away from work as well as those who are newly retired. Mapping out what life may look like while maximizing happiness and confidence in a pain free manner is where we shine.
Ways We Partner with You to Achieve Your Goals
Private Wealth Management
HOLISTIC PLANNING & INVESTMENT MANAGEMENT FOR YOU
- Our most comprehensive service
- A committed financial planning team that proactively advises around your unique circumstances
- Your financial plan is reworked annually to account for both small and large changes as the years go by
- Effective communication to help you make informed decisions with confidence
- Access to your own personal website to obtain easy access to all of your financial information and support, accessible from your computer or mobile
- We act as the quarterback between you and all other professional advisors
One-Time Financial Plan
A CUSTOM PLAN WITH THE RIGHT ADVICE AT THE RIGHT TIME
- A series of meetings guided by your advisor to uncover your short & long-term goals
- Unbiased answers and guidance from a CFP® to create your financial plan
- Includes a roadmap to provide extended guidance so you stay on the path to achieving your desired financial outcomes
Investment Management
PORTFOLIO MANAGEMENT FOR YOUR MOST VALUED ASSETS
- Minor adjustments to your portfolio based on broad market conditions
- Investment considerations include tax minimization and distribution focus
- Your team includes seasoned professionals with a global market view
- Recommendations regarding the adjustment of risk as you approach your goals
Retirement Income Planning
KNOWING YOU HAVE A PLAN TO HELP YOU MOVE FROM SAVING TO LIVING.- Determine how much predictable income you'll get from Social Security, pensions, or annuities.
- Look at the essentials and plan for expenses.
- Develop strategies to balance growth potential and help generate income.
- Determine how and when to make withdrawals so you can potentially keep more of your money in retirement.
Financial Planning Doesn't Stop At Retirement
Many view retirement as the finish line, for us, we view it as the starting line. Retirement means something different today than in previous generations. People are feeling younger and living longer. Some are choosing to remain in the workforce – either by continuing in their professions or enjoying encore careers. As our active lives are producing more quality years than ever before, we also must consider the increasing costs. This includes discretionary spending as well as healthcare. Your planning needs likely will extend for decades, and that’s where we come in.
Through retirement, we help you:
- Juggle multiple income sources and look for ways to withdraw funds tax-efficiently, typically saving you thousands annually
- Optimize your asset allocation
- Review your risk management plan
- Regularly address your estate plan as your kids and grandchildren age
- Manage the inevitable changes that will come your way
Financial Planning
What Do You Need To Know About Tax-Efficient Withdrawals In Retirement?
Wealth moves in waves. Many diagrams of wealth cycles resemble a wave you might see off the Delaware shoreline. The most unpredictable part of a wave isn’t on its ascent, rather its descent as it decides where to crash and what particles get swept up in the foamy residue. Wealth operates similarly. Most advice centers on wealth accumulation, which makes... READ MORE
Financial Security For Years To Come
Have you been retired for some time? Or are you approaching the financial freedom finish line? You may be wondering what financial planning topics we focus on in this next phase. Here are just a few of the topics we cover and revisit as your situation changes.
1
UNDERSTAND EXPENSES
If you haven’t already, set up a formal budget of fixed and variable expenses, this can be quite enlightening. It’s important to have your number in writing--instead of a general idea of what you can spend. We review this annually, as this number fluctuates regularly. This regular exercise allows you to better understand your limits, project spending forward, and be better prepared for unexpected expenses over time.
2
SHOULD YOU HOLD DEBT
Many times, there’s a thought that you should go into retirement with zero debt. Is that true for everyone? Maybe. If you plan to pay off debt or bring it into retirement, now is a good time to see how that decision could impact you. Getting a loan can be more difficult in retirement and therefore, we create a plan to eliminate that debt based unique to your needs.
3
INVESTMENT STRATEGY
Once you’re no longer earning a paycheck, it can be difficult to get meaningful income from traditional sources. The stock market and bond market change and fluctuate regularly. Finding the right blend for you, now and in the future, for your spending and legacy needs is where we focus.
4
RETIREMENT INCOME PLANNING
Creating multiple income sources to pull from before retirement can help provide you with the highest probability of success. When we think of multiple sources, we are referring to the tax classification of each asset. This includes a blend of Cash, Brokerage, Traditional Retirement Accounts as well as Roth money. Additionally, income streams such as a pension or social security are also considered. Having options will best allow you to control your taxable income in retirement and minimize Uncle Sam’s piece. Attention to this can save you thousands, even tens of thousands in taxes annually.
5
ESTATE PLANNING
A basic estate plan includes a will, living will (health decisions), and durable power of attorney (financial decisions). How your assets are titled, your beneficiary designations, and potentially trusts also play in. Having a well-coordinated estate plan ensures your wishes are met and the administration of your estate is as stress-free on your heirs as possible. Because tax laws change, families grow and people move states, it’s a good idea to review this regularly. Something we quarterback for you.
6
GIFTS AND CHARITABLE CONTRIBUTIONS
More and more, we find that people would rather gift while they are alive to see their beneficiaries enjoy it. This applies to both family and institutions and organizations that people have an affinity for. In addition to being rewarding, giving to worthy causes, and loved ones may also make tax and financial sense.