Services

Fee-Only Investment Management and Financial Planning for Retirees and Pre-Retirees

 

As you approach retirement, several questions may exist:

1. How much should I be saving?
2. When may I retire?
3. How much will I be able to spend during retirement?

If you’re already retired, your most pressing question may be “Will I outlive my money?”

A comprehensive financial plan will answer these questions and align your overall financial situation with your unique long-term goals and objectives.

In addition, retirement planning should also consist of an investment and tax plan, as well as an ongoing review of estate planning and insurance needs.

Investments

Investment management is an important part of any long-term retirement plan. Before investing, however, it’s important to identify your comfort level regarding risk, time horizon, income needs, and goals. In addition, you should be aware of any tax consequences associated with making changes to your existing portfolio.

My goal is to understand your situation and develop a diversified portfolio consisting of low cost mutual funds and exchange traded funds (ETFs). I do not believe investors can “time the market” and rely on a due diligence process to regularly monitor funds and make changes when necessary.

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Tax Planning

Being mindful of income taxes is always a prudent approach, regardless of your stage of life. However, as you enter into retirement, income tax planning becomes even more important. Understanding the tax consequence of making changes to your portfolio and determining how distributions from various retirement accounts (e.g. 401k, IRA, Roth IRA) impact your overall tax liability is part of an ongoing tax plan. In addition, it’s important to ensure your investments aren’t causing you to pay more income taxes than necessary by owning them in a taxable account as opposed to a tax-deferred or tax-free account.

Insurance

Being a fee-only advisor, I am able to assist you in identifying insurance needs in an unbiased way. Together, we may work with your insurance agent(s) to ensure your life, disability, long-term care, homeowners, and auto insurance needs are met in the most cost-efficient way possible.

Estate Planning

Wills, Powers of Attorney, Living Wills, and/or Trusts may all be necessary documents as part of your comprehensive financial plan. Working alongside your attorney, we will identify your goals and desires so that if something were to happen to you, your finances would be handled in a proper manner.

Ongoing Advice

An initial retirement plan is an important step towards reaching your long-term goals. However, I work with clients on an ongoing basis to help them navigate changes in their financial circumstances and ensure they stay on-track to meet long-term goals.

Your goals may change. The markets may become more volatile. The death of a loved one occurs. You are forced to relocate to care for an aging parent. These are just some of the reasons retirement planning requires an ongoing relationship.

You are free to end our working relationship at any time, but I prefer partnering with clients for many years to help them manage their evolving financial circumstances.

Fees

Fees are calculated using a tiered structure based on the value of assets under management at the end of each quarter. Our annual fee schedule is as follows:

Assets Under ManagementAnnual Fee
$0-$500,000*1.0%
$500,001-$1,000,0000.8%
$1,000,001-$4,000,0000.6%
$4,000,001+0.4%
*Minimum annual fee is $5,000 ($1,250 quarterly)

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