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The Problems We Solve

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

Four Tips for Keeping an Active Lifestyle in Retirement

You worked, you saved, you planned. Now, after all that, it’s time to retire. This big change is both exciting and a little scary. If you’ve defined yourself by your career, you may experience the transition as something of a loss. As exciting as the opportunity to make your own schedule and do whatever you want, it may also be a little disorienting. Not since we were kids on summer vacations from school did we ever have such open schedules to fill however we want, and even then, we had to be home before dark. Retirement is a big, exciting event in your life, whether you are excited or filled with trepidation. In this article, we will go over some lifestyle changes and tips to help ease the transition and get you the best retirement, for you.

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Finding Beauty in Change: A Lesson from Lao Tzu

Life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like. –Lao Tzu

Life, whether we realize it or not, is a series of transitions. We were born and had to learn to crawl and walk, to talk and read. We grow up, passing through school onto careers and relationships. For some, we raise children. As we grow older and head toward retirement all this change and dramatic transition, can start to feel harder. Experiencing a loss, leaving a job, downsizing, adjusting to changing health, children growing up, the end of a marriage. These major life transitions, some of which we cannot control, are challenging for even the heartiest of people. We try to create order in our lives and we try to plan, but there are some things you just can’t anticipate.

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