Resourceful Retirement Solution™
The Resourceful Retirement Solution
Whether prior to, in preparation for or in retirement, we use our structured, five-point Resourceful Retirement Solution™ to help you “retire” any long-term financial goals you have in mind. While our process is tightly crafted, it’s also flexible, so we can adeptly apply each point when and as appropriate for your particular needs:
1. Financial Assessment and Net Worth Snapshot ⊕
Process: We assess and analyze your current net worth and investment holdings. We’ll review and adjust your current investments to ensure they are appropriate for your goals, risk tolerance and tax bracket, and make adjustments as warranted.
Result: Improved clarity on where you are today, in preparation for moving toward where you’d like to go.
Our upfront assessment provides you with a basic snapshot of your current net worth – what you have and what you owe – which lays the foundation from which we’ll build. We identify resources we’ll use to track your progress and, where possible, we’ll consolidate new and existing investment and retirement accounts to simplify your recordkeeping.
2. The Cash Flow Maximizer ⊕
Process: We review your current income and expenses and develop a long-term saving, investing and distribution plan, with an eye toward careful tax management.
Result: More money in your pocket to spend on what is most important to you.
To feel comfortable with distributing (spending) after a lifetime of accumulating (earning), cash flow management is among most people’s biggest retirement challenges -- on both a tactical and emotional level. To organize your cash-flow and related plans, we will apply a sensible, sensitive process to:
Quantify your income sources such as pension, Social Security, retirement savings and potential continued earnings
Calculate your planned spending for “needs” as well as “wants”
Chart your short- and long-term cash-flow goals
Project spending patterns and align them with expected income and portfolio withdrawals
Help you minimize your tax burden
3. Ideal Future Gameplan ⊕
Process: Next, we’ll establish your financial plan to guide your near- and long-term goals, envision your ideal retirement, and estimate how much you will need to achieve your goals and how to comfortably transition from earning to spending in retirement. Result: Clear, concise planning to direct you with confidence into your future.
What do you want your life to look like in five or 10 years, or beyond? Your financial plan will map out the steps to achieving your financial goals. Particularly in securing retirement according to your own terms, we’ll help you explore all of your options and set the course by considering key questions like:
When will you retire?
What kind of lifestyle do you want to achieve?
Are your goals realistic based on your current savings?
What are your priorities, and what are you willing to do to achieve them?
We will design a comprehensive retirement plan according to your needs, accounting for all of your retirement resources, from 401(k) plans and IRAs to Social Security and taxable investments.
As you enter retirement, we are particularly adept at shifting your financial mindset and investment management activities toward supporting a sustainable income stream. We also help you continue to focus on optimizing tax-favored investing and spending among your various retirement and taxable accounts.
4. The Investment Solution ⊕
Process: We implement a customized portfolio that reflects your financial goals and objectives. We use low cost funds from providers such as academic-based Dimensional Funds which has two Nobel Laureates on staff, and Vanguard ETFs. We offer advice based on the best available evidence on how markets work and how they deliver long-term wealth to patient investors.
Result: Confidence that your money management is aligned with and working toward your life’s biggest goals.
Clear process, years of experience, and a focus on the academic evidence on how to best capture market returns … these are the essential qualities we believe lead to good investment decisions. As part of our investment solution we will:
Educate – Share the evidence-based principles underlying our recommended investment strategies – and we’ll do so in clear, approachable terms
Explore – Help you establish your unique investment objectives and tolerance for market risk based on your individual goals
Act – Plan and then implement a customized portfolio that reflects your objectives, risk tolerance, time horizon and tax bracket, typically using funds from Dimensional Fund Advisors, Vanguard (ETFs) and similar, like-minded, low-cost investment solutions
Maintain – Regularly monitor and report on portfolio performance, checking with you regularly to ensure your investments remain on track toward your existing or evolving financial goals
5. Protection Planning Profile ⊕
Process: With your core financial pieces in place, we’ll review all of your insurance policies and determine appropriate coverage. We’ll also assist you in developing an estate plan for minimizing the impact of taxes on your desired legacy. Result: Assurance that your accumulated assets and future wealth remain protected.
No matter how many computer simulations you run, the only thing you can know for sure about the future of your financial plans is that there is no such thing as a crystal ball. “What ifs” remain:
What if I outlive my money?
What if our long-term care becomes a burden on our children?
What if something happens to me that leaves my family financially insecure?
What if something unexpected happens to my business?
We can’t control the future, but we can help you build safeguards against life’s highest-potential and/or most damaging financial risks. We do so by helping you manage these risks as carefully as we manage your assets. During our protection planning process, we’ll help you identify your and your family’s risks, analyze your current insurance coverage and estate plan, and customize solutions to address your particular circumstances.