Retirees

Our specialized expertise helping retirees: "Will I maintain independence and dignity or may I outlive my assets and resources?"

You worked hard to achieve the ability to retire this is your time to enjoy!  Whether your own vision includes traveling domestically or internationally, giving back to your community, participating in a particular sport or hobby, spending time with your family, or achieving your most personal goal – our coaching involves not only financial considerations, but thoughtful advice to help you improve the quality of your life. 

Once a retirement income plan is built and sufficient capital is accumulated towards funding a rising multi-decade retirement income, our firm continues some of our most important work.  We recognize there are no “do overs” once retirement begins, and we enjoy working with you during this exciting phase of your life.  With stock price volatility addressed within each financial plan and investment strategy that we build, monitor, and maintain, our goal is for you to confidently pursue your interests and spend time living your best life rather than worrying about the news media’s various apocalypse-de-jour headlines or your portfolio values from day to day.

Specifically, we work with our soon to retire, or already retired, clients to start with and maintain an important security blanket.  We believe in a five to ten year initial supply of cash and bonds designed to protect a retirement income plan.  This dedicated portion of a client’s capital reduces the need to sell any productive stock positions during times when the share prices may experience a significant dip. 

We can advise you on how to withdraw tax-efficiently from various accounts you have, spanning IRA’s, 401k’s, Roth IRA’s, and non-qualified investment and savings accounts.  On that front, we can guide you on consolidating like-type accounts where valuable to do so, to further simplify your life.  We can also assist you in making a thoughtfully informed decision around when to start social security benefits in a way that best achieves your goals.

While focusing on the all goes well plan, we also prudently consider how your financial world can be structured utilizing tools such as a Will, Power of Attorney, Living Will, Revocable and Irrevocable Trusts to minimize your loved one’s time, energy, and expense during estate settlement.

Sample Considerations:

For a couple that reaches age 65, there is:

   a 50% chance one spouse lives to age 92 and

   a 25% chance one spouse lives to age 97

   (source: society of actuaries ’00 mortality table)

So, retirement income plans and investment portfolios must keep pace with inflation for about 30 years. At an inflation rate of 3% per year, you’ll need approximately $2.40 in 30 years to maintain the purchasing power of just $1 today.

We develop an integrated income harvest strategy and investment allocation plan for you that factors in:

 

  • Rising healthcare and long-term care costs
  • Social security
  • Pension if applicable
  • Risks such as: longevity and sequence of investment returns
  • Optimal asset allocation within various accounts types
  • Withdrawals from various accounts such as: tax-free Roth accounts, tax-deferred IRA and 401k accounts, liquid savings and investment accounts