Income Strategies That Help You Prepare For (And Enjoy) Retirement
Most focus on what retirement symbolizes: the end of one chapter. As fiduciaries and financial advisors of 400 retirees in and well beyond Idaho Falls, we see it as the start of your new life.
Preparing for retirement should rejuvenate your confidence and lead to fulfilling highs, without worrying about declines for your wealth or legacy.
The Investing Challenges (Pre)Retirees Face:
Our Investing Solutions: The paycheck you once received like clockwork might be gone. But many options exist, from dividend-generating assets to organizing your spending in near, intermediate and long-term timeframes. We use the latest software to understand your needs and goals first, then create a portfolio that produces reliable and risk-weighted income during retirement.
Our Investing Solutions: We focus on tax-efficient retirement income planning by following best-practices for withdraws. What you keep is more important than what you earn, especially in your post-work life.
Wells Fargo Advisors does not provide legal or tax advice.
Our Investing Solution: This decision is incredibly personal. As fiduciaries, we provide objective guidance to help you self-fund, explore long-term care insurance, use a Health Savings Account (HSA) or other options you may not know about.
Our Investing Solutions: You can change your mind about most things, but there’s no going back after you officially start claiming Social Security. We map out the implications in black and white to help you make the best, informed decision possible.
Our Investment Solutions: We work side-by-side with your attorney to help ensure your estate planning strategy considers gifting maximums, trusts, wills and other crucial components so your final wishes are honored to the “t,” without probate.
The Questions (Pre)Retirees Ask Us:
There are all sorts of guidelines, like having 10X your annual income saved by age 67. But there is no magic number. Your lifestyle, your goals, life expectancy and (many) more variables all contribute to a realistic target. Our job as financial advisors for retirees is to help you find, reach and maintain that number in the safest manner possible.
In general, the longer you can hold out, the better. Our clients are usually positioned to wait until they can claim full benefits at age 70. If we do our job right, Social Security will be a fraction of your receivable income during retirement…not the main contributor.
Creating a resilient retirement strategy falls on us — not you. Our Summit Investing Process includes stress-testing your assets and considering worst-case outcomes. During our relationship, we’ll revisit your allocations and rebalance as needed so you aren’t taking on too much risk, or too little.
Again, you don’t have to do anything because that’s our job. We’ll suggest Roth conversions, account for Required Minimum Distributions (RMDs), Qualified Charitable Distributions (QCDs) and other tactics to help keep you in the lowest tax bracket possible.
Wells Fargo Advisors does not provide legal or tax advice.
Preparing for retirement is an ongoing endeavor, not a once or twice-a-year activity. We’ll schedule meetings throughout the year and reach out periodically if conditions merit. Of course, you can always contact our financial advisors in Idaho Falls whenever you need an answer.
