Our comprehensive retirement planning services give you peace of mind as you transition into retirement and throughout your retirement years.
As you near retirement, it’s common to start stressing and worrying. There are so many questions to address.
When should you retire? Will you have enough money to last through retirement? Will you be able to pass anything to your heirs?
Those who feel the greatest uncertainty about their retirement often have one thing in common: they are missing key pieces of their retirement plan.
As you consider retirement planning services, the questions you need to answer are:
1. Do you have a plan?
2. Do you understand it?
3. How confident are you in its success?
Our retirement planning services include creating a customized Retirement Transition Blueprint.
This addresses, integrates, and simplifies, the seven critical components every successful retirement plan should include.
We often see financial professionals address one or two of these components.
But it takes all of these components working together in alignment to create a truly successful and thriving retirement.
You’ve worked your entire life saving and investing so that you’ll be prepared to retire. As it gets on the horizon, you realize it’s a lot more complicated than you thought. There are dozens of questions to answer and each can have far reaching and unintended consequences.
Social Security – When should you retire? At what age should you start your benefit? How much Social Security will you get? How does the spouses benefit work? Do you have to start Medicare at the same time? What will your spouse get if you pass away first?
Replacing Your Working Income – How much income will you need to live on? Should you take a lump sum benefit from your pension? Are there ways to guarantee retirement income? How do you turn your investments into income? Does it matter which accounts you pull from first?
Many accountants or CPAs who do tax returns for families look back at the prior year, rather than looking forward at future years. In addition, they often aren’t aware of the complexity of all your investments and income strategies. If you’re not looking at your entire retirement strategy through the eyes of tax reduction, opportunities may be missed that can make a real difference for your cash flow and net worth.
How will your Social Security be taxed? What investments should you use during retirement to reduce taxes? What strategies exist to reduce government required RMDs out of tax-deferred accounts? How do you limit the taxes to your heirs? Is it possible to create tax-free retirement income? Should you use a Roth IRA for tax planning? Should you use cash value insurance?
Investments – Should you invest differently during retirement? Should you stay in your work 401(k) or move to an IRA? How do you protect your nest egg if the market falls? How do you grow your assets and outpace inflation? Should you use a Roth IRA?
Health Care – How do you file for Medicare? Which options are best? How will you pay for medical expenses? For assisted living or other medical challenges, should you have long-term care or self-insure?
Estate Planning – Should you put a trust in place to avoid probate? How will your investment accounts pass to your beneficiaries? Do you have health care directives and your power of attorney in place?
We believe traditional retirement planning is outdated and narrowly focused. Many financial professionals only talk about the money. Isn’t life about more than money?
We create strategies for all the key financial pieces of your retirement, while also helping you focus on what matters most to you: family, relationships, giving back, and fulfillment.
Your Retirement Transition Blueprint coordinates all aspects of your retirement planning services. It minimizes taxes and inefficiencies and maximizes your retirement benefits.
Individuals and families who are within 10 years of retirement or who are already retired
Diligent savers and investors who have investment and retirement assets of more than $250,000 (excluding primary residence)
Families who value collaboration and expertise and are team players
Simply schedule a time for a 15-minute quick consultation, and we’ll see if your situation matches our services. It’s a great low-key way for us to get to know each other without any pressure.
As human beings we’re very good at procrastination. This is especially true with money and retirement planning. Tax rates are some of the lowest in decades and there is real opportunity to take advantage. Meanwhile, rising national debt, pandemics, and civil unrest have the potential to create greater financial challenges if you’re unprepared.
Initially, we work with individuals and families every one to two weeks for thirty to sixty days to understand your circumstances and then create a plan.
Once plans are in place for all seven areas of financial planning, we’ll meet one to two times per year, adapting your plans to life changes and evolving goals. We also strive to connect and inspire clients dozens of times per year. Our services and client process takes clients from retirement preparation all the way through end-of-life scenarios, then passing assets and values to the next generation. Our hope is to serve your children as well.
We are a fee-based fiduciary financial planning firm. As a fiduciary, we’re legally obligated to do what’s in your best interest. Our process is educational and collaborative, with zero pressure. Depending on the complexity of your financial situation, we may charge a financial planning fee to create your initial plan.
We may be paid on a percentage-of-assets basis, meaning that as we invest and manage your assets, we’re paid a small percentage of the assets we manage, generally around 1%. If you have investment assets of more than $500,000, we have custom pricing available. We may also use products that work well and are chosen by our clients that aren’t available through a fee-based structure. On some financial products, we are paid a commission.
Yes, we’re a fiduciary firm who is legally and ethically required to do what’s in your best interest. That means that we are committed to putting what best for you above what’s best for us.
Absolutely, rather than focusing on a specific product or service, we specialize in helping families retire and focusing on 7 keys areas. 1) income planning, 2) protection and safe money planning, 3) asset growth planning, 4) tax reduction planning, 5) health care planning, 6) estate and legacy planning, and 7) fulfillment and experience planning.
We’re different in two main ways. First, we believe that retirement fulfilment and happiness is much more than about money, yet most advisors only discuss the money. Our focus at Thrive Retirement Planning is to have a client community and culture where family, purpose, future aspirations, travel, legacy, and much more are discussed. The second way we’re different is that we’re committed to comprehensive solutions and giving our clients options. We don’t believe one particular product or strategy works for everyone. Our goal with every client is to show them potential solutions so that they have choices. Unfortunately, with some financial professionals, it is more about making a sale and always using a specific product, no matter the client’s situation.
As human beings we’re very good at procrastination. This is especially true with money and retirement planning. Tax rates are some of the lowest in decades and there is real opportunity to take advantage. Meanwhile, rising national debt, pandemics, and civil unrest have the potential to create greater financial challenges if you’re unprepared.
Click the button below to schedule a time to talk, either in person or zoom. We’ll see what you’re trying to accomplish and answer any questions you may have about our process. We don’t want you to be unprepared for the next market downturn, unexpected emergency, or potential tax rate increase.
P.S. Chances are, you would rather have financial advisor or coach that talks straight rather than beats around the bush. We’re here to help but it’s up to you to take the first step. Famous last words that you never want to say, “I wish I would have.”