People often come to us for help in solving problems. Below are some of the more popular problems we help solve.

How much can I spend in retirement?

Another way to phrase this problem is “will I run out of money?” When you were working and had a paycheck coming in each month you knew how much you could safely spend. Once retired, you may need to supplement your social security, pensions, and other steady income with money from savings. You need an income plan that can both help you establish how much you can spend, and provide a way to see if you are on track as the years go by. A good plan may allow you to spend more in the early, more active “go-go” years of retirement, then cut back as you move into the “slow-go years.” Creating an income plan is one of the key things we do for clients.

Do I have the right investments?

In today’s world, we are constantly being pitched a wide variety of investment options. Once you get to retirement how do you know what to choose? It all starts with the income plan. If you don’t have a plan for where the money will come from for the rest of your life how can you begin to know what to invest in? Yet many people we meet with seem to have a “junk drawer” of investment statements, with no idea how they fit into their retirement income goals. We help clients develop a plan, then fund it with investments it calls for.

I’m paying too much in taxes.

We have yet to meet the person that wants to pay more than their fair share of taxes. While working a person’s regular income usually came from a taxable paycheck, you had little control over the taxes you paid. This changes in retirement. For the first time, you may have significant control over where you take the money from and thus how much you pay in taxes. You may be able to balance the withdrawals over time to help minimize your taxable income. You may even be able to “pre-pay” some taxes in a lower bracket using strategies like Roth conversions. We work with a client and their tax preparer to integrate their tax plan with their retirement income plan.

How will I pay for Long Term Care?

The good news is we're living longer. The bad news is it often means we could have increased medical cost. Traditional Long Term Care insurance has gotten more and more expensive. At the same time, newer “hybrid” policies have appeared on the market, opening up options we didn’t have before. We can help you compare your options and decided what strategy might be right for you.

1st Quarter 2020

A HISTORIC QUARTER The first quarter of 2020 started favorably. In early January, the news centered around politics, with the House sending articles of impeachment to the Senate and the Democratic presidential primary process gearing up. Markets seemed confident that President Donald Trump would be acquitted and responded by climbing to new highs. The economy was humming along, and we passed both the U.S.- Mexico-Canada Agreement (USMCA) and a Phase 1 trade agreement with China. As predicted, the Senate acquitted President Trump of all charges and markets set new highs, factoring in a Trump re-election largely resulting from a strong economy. However, concerns of a virus disrupting commerce in China began to emerge, with companies such as Apple warning that…


COVID-19 Update

Be sure to check out this special interview with an expert from the Johns Hopkins University School of Medicine about what seniors need to know regarding the COVID-19 pandemic. Special guest Dr. Alicia Arbaje will share answers to your most pressing COVID-19 questions, like:     Why do the number of COVID-19 cases continue to rise? What most concerns doctors about this pandemic? What can baby boomers do to keep themselves safe?  What can you do NOW to help prepare for the worst?   CLICK HERE to listen to this interview, now!  Remember, if there is anything we can do for you or your retirement strategy, please give us a call.  As your trusted financial professionals, we’re here for you whenever you need us.  Be kind to one another and stay healthy! David Shucavage and Sam Shucavage Carolina Retirement Planners * Click here