Services
Investment Management
Investing takes many forms in our lives but what is the same is that you are committing time, effort and money now to improve a specific aspect of your life at some point in the future.
In the picture nearby, the trail that had 2,000 feet of elevation gain in 1 mile. It took an investment in time, effort and money to follow a training plan that would allow me to complete the trek.
After careful understanding of your situation and what you want to achieve we will create a diversified portfolio that is cost and tax efficient.
That is just the start, as there are additional layers that will be considered:
Overlapping Holdings
This happens when the same holdings or similar investments are located in multiple accounts (401k, IRA, Roth IRA, Spousal IRA, or 401k). When these different accounts are not accounted for together as a whole, the result is increased risk. The technical term for this is called positive correlation.
By analyzing and monitoring all accounts, we can reduce risk.
Costs Matter
Most portfolios contain mutual funds and ETFs (Exchange Traded Funds), and mutual funds and ETFs include individual stocks and bonds. Though these individual stocks do not have an expense ratio, Mutual funds and ETFs do.
An expense ratio is an internal cost-covering marketing, fund management, advertising, and any other cost associated with running the fund. These costs are listed in the prospectus but not detailed on statements, and these are deducted before you see returns and ultimately affect the bottom line.
Lower expense ratios mean better results. As a fiduciary to our clients, it is our obligation to see if we can lower these expense ratios by using individual stock and low expense ratio ETFs.
Location & Allocation
Particular investments are suitable for non-tax qualified accounts. Often, we discover the same holdings located in a person's non-qualified accounts as they have in their IRA or 401k. Ensuring that the investments themselves are appropriate for the account tax type is a correction that can reduce your tax bill and positively impact your plan.
Stream of Income
Turning your retirement savings into a steady monthly paycheck.
Retirement Planning
As focused retirement planners, we know how to simplify the complex. We work together with you in a collaborative effort so that you participate in the plan and feel clarity and confidence. This next phase of life should be about meaningful pursuit rather than worry.
Gain retirement confidence through:
One Page Financial Plan
Keep it simple with a one page summary that provides a broad overview of what is most important. We are able to update the one-page plan quickly to adjust if needed and keep moving to achieving your goals.
Technology
With the help of financial planning and investment software, we build, analyze, and track your plan. You are given access to Right Capital to see where you stand at any time and be connected to your plan. This connection helps improve the likelihood of your financial success.
Monitor
Monitoring & managing your investment strategy to stay in alignment with your retirement goal.
Tax Management
If we are not careful, we end up paying more than our fair share of taxes. Many people unknowingly leave the IRS an extra tip! Tax efficiency has two different phases, working years and retirement income years.
While you are still accumulating retirement savings we strategize around current tax reduction options while forecasting the impact of future taxes.
Tax Management includes:
Coordinate with your CPA
Tax return review
Advise what account types to contribute to that prioritizes tax efficiency for today and the future.
IRMAA strategies
RMD forecasting
Roth conversions
Coordinate Social Security timing
Asset Location
Charitable Giving include QCD from IRA
Retirement Income
To some, retirement means stopping work and others love their work so much they will continue in some form to contribute to their profession. No matter what your definition of retirement is, someday, you'll need to convert yesterday’s savings into tomorrow’s paycheck replacement.
Even people who have saved diligently often fail to spend and enjoy their savings, at least in part due to the uncertainty of how to make savings last. With our years of experience working with retirees and the help of sophisticated technology we help retirees estimate their spending potential year-over-year in retirement.
First, we help you optimize your stable income sources like your Social Security benefits or pension.
Optimizing your Social Security benefits for your unique plan is vital because it is a one-time decision that has a lifetime impact on your plan. If you are fortunate enough to have a private pension, this too creates decisions that make a lifetime impact on your plan.
Living longer should be a good thing. And it can be with the right tools – for both getting to and through retirement. Having a solid income plan can ease financial fears, improve mental health, and decrease the chances of financial exploitation for a more secure retirement.
Women, in particular, may face unique challenges around retirement savings. Thankfully, there are strategies we can implement to help them feel secure in knowing that when work stops, financial security doesn’t have to.
Estate/Legacy Planning
Estate planning lives at the intersection of money and meaning. It asks clients to confront mortality, navigate family dynamics, and articulate what legacy truly means to them.
At a high level, we consider what estate planning you may need so you have an understanding of key concepts before meeting with an attorney. Clients are increasingly looking for estate planning solutions that offer predictability and control. By minimizing the risk of probate—a lengthy, expensive, and often emotionally draining legal process—they can ensure their family's financial future remains stable.
If you need an introduction to a qualified attorney will connect you to options in your area. Its important that we work alongside your attorney to implement the estate plan and make the necessary changes to your accounts.
Additionally, you have the option to have us upload your legal documents to our secure online file vault. This way, you may access the documents from your devices at any time. This service organizes your emergency contacts, phone numbers, account locations, and more so that a trusted person may step in on your behalf.
Social Security Start Date
When to claim your Social Security benefit is a one-time decision that impacts your monthly income for a lifetime. This income has an impact on your other retirement savings.
We help you consider the timing options for when to begin receiving Social Security.
Other factors we consider include all income sources, tax filing status, when you stop working and the tax treatment of types of accounts you have.
Although there are similarities in advice that would apply to families across the board, there are subtle differences to consider that would make Social Security advice unique for you.
By analyzing your entire financial picture, we can choose a Social Security timing strategy that reduces your tax bill in retirement and optimizes your income stream.
Additional factors to consider:
Uncovered Pensions
Rental Income
Required Minimum Distributions
Dividends and Interests
Capital Gains
Other Considerations:
Personal Preferences
Family Health Conditions
Spousal Benefits