Retirement planning is about accumulating assets, then judiciously using them to fund your desired lifestyle. Clients benefit from our objective advice, decades of experience helping others reach and enjoy retirement, and our sophisticated yet intuitive tools we use to manage risk, construct and monitor client portfolios, and develop retirement income streams.
While in the accumulation phase, there are several considerations that go well beyond just saving and investing. Minimizing taxes during both stages of life, deciding when to take Social Security, identifying sources of income and distributions and their impact on taxes and IRMAA surcharges, and asset placement that will be beneficial in accomplishing these other goals, are all considerations in our advisors’ advice.
Once a client has retired, the planning continues. Considering if Roth conversions make sense, and the positive impact these can have on both Required Minimum Distributions and one’s legacy, are often part of the process. Updating the plan to make adjustments for tax law changes, and in some cases inheritances, are also important considerations.
And let’s not forget the most enjoyable part of the retirement planning process. Updating one’s ‘bucket list’ of the trips to take, taking the most rigorous ones as early in life as possible. Gifting to children, funding grandkids’ college accounts, and spending more time volunteering are all common goals our advisors prioritize for clients.