You want to retire early. But one of your concerns is that you will lose the health insurance provided through your employment. We can help you plan, budget and through our professional relationships, provide you with resources to shop for coverage that fits your needs. Additionally, tax planning done properly might even help you qualify for a reduction in premium costs. We encourage you to leverage our knowledge in this area and also in planning for your eventual shift to Medicare.

Significant advancements in medicine and in understanding the biology of aging, including lifestyle choices such as sleep, diet and exercise, can add quality years to an individual’s life. Currently, a 65-year-old man and woman living in the United States can expect to live until age 84 and 87 respectively, according to the Social Security Administration. Because our clients often have access to exceptional healthcare and adopt healthy lifestyles, we use life expectancies in the early 90s for our wealth forecasting. A mere 10 years of additional life puts a surprisingly high level of pressure on current assets, which could impel you to reprioritize your goals and pay more attention to your strategic allocation. Furthermore, the timing of your Social Security claims and taking advantage of Roth IRA conversions, both when done correctly, can prove valuable in planning for a longer retirement. Let us help you understand how this new landscape of longer lifespans factors into you meeting your long-term goals.

As you transition into retirement, establishing a reliable and sustainable income distribution strategy becomes a critical component of your financial plan. A well-crafted income distribution plan is essential for maintaining your desired lifestyle, managing expenses and minimizing taxes. By carefully balancing your sources of income, you can help ensure that your retirement savings last and support you in achieving your financial and personal goals. Additionally, we can help you employ unique tax-deferral and tax-saving strategies should you have concentrated equity positions in your employer’s company stock, whether held inside of a retirement plan or in a taxable account. If you have significant unrealized capital gains in an investment account or in an investment property, let us show you how you may be able to sell those holdings and defer most, if not all, of the capital gains tax.

Given the complexities involved in claiming benefits, creating a plan of action for Social Security can seem overwhelming. Fortunately, you don’t have to go it alone. We can help you develop an appropriate retirement income strategy based on your individual circumstances to ensure that you get the most out of this valuable lifetime benefit.

Sometimes the most difficult piece of any good retirement plan is talking to your loved ones about your financial plans and goals. While it can feel awkward or challenging, it’s often the key to success for high-net-worth families. It can help to ensure that your wishes are carried out and is a way to harness the momentum you’ve built throughout your life so that it grows from one generation to the next. A family meeting, which we would facilitate with you, can be a great opportunity to share the story of how you built what you have, create some understanding and inspire the next generation to accomplish great things. We welcome the opportunity to help you and your family maintain and grow your wealth for generations to come.

Preserving what you have can be as important as earning it. Your investment time horizon – the length of time you expect to hold an asset – is important in determining how much risk you should take in your investment portfolio. While older investors typically have a shorter time horizon given their proximity to retirement and the usual need to make portfolio withdrawals, age may have less impact on the overall risk tolerance of affluent investors whose income needs in retirement are already accounted for. If it’s unlikely you’ll need to liquidate assets in the near term to meet your spending needs, it may be appropriate to maintain a less-conservative allocation for longer. Maintaining a large portfolio into and through retirement doesn’t have to mean giving up on returns and opportunities for growth when the risk is managed thoughtfully. Meanwhile, safeguarding immediate funds from volatility can allow your larger retirement savings to recover from changes in the market without restricting cash flow. It will take a true understanding of your overall financial outlook and transparent conversations, but we can help you strike the proper balance between preservation and growth.