After years of diligent saving and careful planning, you’ve accumulated the assets needed to enjoy your retirement. Now, the focus shifts to ensuring that these resources are managed wisely so they last throughout your retirement years. This phase of life brings its own set of challenges and opportunities, requiring thoughtful strategies to maintain financial security and peace of mind.
Our services include:
Deciding when to begin drawing your pension and Social Security benefits is crucial for maximizing your retirement income. We help you evaluate the best timing strategies based on factors such as life expectancy, current income needs, and potential tax implications. Whether it’s delaying Social Security to increase your monthly benefits or coordinating pension payouts with other income streams, we aim to ensure you’re making informed decisions that align with your long-term goals.
Understanding and complying with RMD rules is essential to avoid penalties and optimize your retirement income. We guide you through the process of calculating and taking RMDs from your retirement accounts, including IRAs and 401(k)s, and explore strategies to minimize the impact on your taxes, such as qualified charitable distributions (QCDs).
In retirement, the focus shifts from accumulation to preservation and income generation. We collaborate with you to design an income-oriented investment strategy that provides regular “paychecks” while preserving your capital. This includes selecting a mix of income-generating investments such as dividend-paying stocks, bonds, annuities, and other fixed-income assets that align with your risk tolerance and income needs.
Inflation can erode the purchasing power of your retirement savings over time. We incorporate investments that have the potential to keep pace with or outstrip inflation, such as inflation-protected securities (TIPS), real estate, and certain equities. Our goal is to help you maintain your standard of living throughout your retirement years.
The order in which you withdraw funds from various accounts (e.g., taxable accounts, tax-deferred accounts, Roth IRAs) can have a significant impact on your tax liability. We develop tax-efficient withdrawal strategies to help minimize taxes and extend the life of your retirement savings. This may involve coordinating withdrawals with RMDs, strategically converting traditional IRAs to Roth IRAs, and planning for the impact of future tax law changes.
Healthcare costs are one of the biggest financial concerns for retirees. We help you plan for potential medical expenses, including Medicare, supplemental insurance, and long-term care. Our approach includes evaluating long-term care insurance options, setting aside funds in health savings accounts (HSAs), and integrating these costs into your overall retirement plan to help ensure you’re prepared for any eventuality.
Preserving and passing on your wealth to the next generation is an important aspect of retirement planning. We assist you in creating a comprehensive estate plan that includes wills, trusts, powers of attorney, and healthcare directives. Additionally, we explore strategies for minimizing estate taxes and helping ensure that your assets are distributed according to your wishes, while also providing for your loved ones.
Retirement is not a one-time event but a continuous journey that requires ongoing attention. We provide regular reviews and adjustments to your financial plan, taking into account changes in your life, economic conditions, and market performance. Our proactive approach helps ensure that your retirement plan remains aligned with your goals, giving you confidence and clarity as you enjoy your golden years.
- Our expertise
Personalized strategies for a comfortable and enjoyable retirement
Strategic, tax-efficient investment strategies with forward-thinking insight
Strategize assets to align with risk, time horizon, and goals
