Retirement Planning

Our financial planning process culminates in a personalized living document. Upon completion, we will provide you with actionable, understandable recommendations that we will be glad to help you implement.

Here are some of the topics we often cover in our clients’ plans:

• Retirement Readiness Check – We create projections to help determine the trade-offs between the timing of your retirement and what type of lifestyle you will be able to comfortably afford.
• Tax efficiency – We may identify potential opportunities for tax savings, both prior to and during retirement. We can help with strategies for minimizing income taxes, capital gains taxes, and costs of health insurance through the Affordable Care Act and Medicare Parts B and D, prices for which are based on your reportable income. Planning ahead can potentially save hundreds of thousands of dollars over a lifetime.
• Insurance Planning – We evaluate all your insurance policies for sufficiency and cost-effectiveness. Gaps in coverage can lead to potentially catastrophic results, especially for those who have worked hard to amass wealth. We can help you identify and close these gaps.
• Investment Planning – We will make customized portfolio recommendations for all your investment accounts.
• Real Estate Planning – Whether you own an extensive real estate portfolio or just your residence, we can help you navigate the myriad considerations to help maximize the return on your equity. We can also help you determine for tax purposes the ideal time to sell your property.
• Business Planning – If you are looking to buy or sell a business, we can help you evaluate all considerations.
• Social Security Planning – Social Security can be incredibly complicated. Signing up at 62 to “get it while it’s still there” is almost always the worst possible choice. Carefully choosing a Social Security strategy can potentially make a six-figure impact on how much you and/or your spouse will receive over your lifetimes.
• Cash Flow Planning – This isn’t “fun” work for most of our clients, but oftentimes we find clients need help in constructing and maintaining a workable budget. We are experts at helping our clients develop simple and effective strategies for monitoring their cash flow.
• Beneficiary Planning – Did you know that beneficiary designations on retirement accounts, such as 401(k)s and IRAs, life insurance policies and many other types of assets supersede elections you have made in your will or trust? We will help you review your beneficiary designations to make sure they are consistent with your wishes.
• Estate Planning – We can help make appropriate recommendations for creating or updating your wills, trusts, health care directives, powers of attorney, etc. If your estate is large enough to potentially be subject to estate taxes, we can identify tax-avoidance strategies.
  
• Charitable Giving – If you have charitable intentions, we can recommend strategies that will benefit the charities of your choice while maximizing benefits to you, such as tax savings and potential income.