Retirement & Financial Planning
It’s important to examine your financial goals, spending plans, and the sustainability of your portfolio. To accomplish this, we use Raymond James’ sophisticated, interactive software to simulate various market scenarios and stress-test a variety of results.
Retirement Income Planning
As the average life expectancy increases, so does the importance of retirement income planning. You will need to consider… Where do you want to live? Who will take care of you? What health insurance will you have? What financial resources will you need? A well-thought-out plan on how to cover future expenses can give you confidence and the ability to enjoy your retirement.
Goal Planning and Scenario Analysis
Everyone has goals and dreams for their future. To help you realize your dreams, we use Raymond James Goal Planning and Monitoring software to develop a four-step plan that consists of: goal creation, identifying resources, understanding the market, and getting results. This process helps us identify important scenarios that could affect your long-term investment strategy and, as such, the future you envision for yourself and your family.
Traditional and Roth IRAs
Individual Retirement Accounts (IRAs) are tax-advantaged accounts designed to help build retirement assets. A Traditional IRA allows for tax-free contributions during your earning years that will be taxed upon withdrawal when you are presumed to be in a lower tax bracket. Roth IRA contributions are taxable at the time of deposit but not at the time of withdrawal. Each IRA account offers very different tax advantages and limitations, so it is important to understand and decide which account is right for you before investing.
Retirement Plans (401k, Simple IRAs, SEP IRAs
Employers have many different retirement plan options to potentially offer their employees. The most common are 401(k)s, Simple IRAs, and SEP IRAs. We’ll help you choose the plan that is right for you.
Education Planning
When it comes to planning for a child’s college or graduate education, 529 plans are a popular choice. The funds that are contributed to these accounts are not subject to federal taxes or state tax (in most cases). 529 plans can help cover qualified higher education expenses such as tuition, books, and room and board.