Whether you’re working and planning for retirement or enjoying your retirement years, working with a financial advisor can help reduce your tax bill and keep more money in your account.

The retirement plan will review your saving and investing through the years, estimating your expenses in retirement, and preparing to have enough money to cover those costs for your lifetime.

Working with a financial advisor will help you navigate complex topics, including tax strategies, charitable gifting, claiming Social Security and Medicare planning.

Additionally, we help clients develop strategies related to tax planning, retirement income, and withdrawal considerations, with the goal of improving tax efficiency and supporting long-term retirement objectives based on individual circumstances.

Wealth management combines investment management, financial planning, and tax and estate planning to help grow and protect the wealth of mid- to high-net-worth individuals.

Holistic wealth management goes beyond just investment management, or even just money management. Importantly, it accounts for your personal goals, major life events, and the future you see for you and your family.

Wealth management should ensure your financial moves and personal goals and values really line up.

As your wealth manager, we take a holistic view of your financial situation and provide recommendations intended to support long-term financial goals and risk management.

As you consider retirement it’s important to understand how your retirement will change over time and the importance to budget for those different phases.

There are a number of expenses that every budget should include – such as housing, transportation and food. You may also wish to set aside money for travel, taxes and healthcare. You also have to consider and plan for unexpected expenses that could quickly drain your savings.

While any budget will be fluid, it should be built into your financial plan. Creating a budget as you transition into retirement may be the most important part, because how you budget your income sources will determine the kind of retirement you’ll have.

It’s important to work with a financial professional to create a comprehensive budget, because the last thing anyone wants is to run out of money in retirement.

Each year, the goal in retirement is to plan to reduce income taxes – now and in the future. After all, the less money you pay in taxes, the more you have to devote toward your financial goals.

A key element of a financial plan is proactive tax planning, making the most of tax-advantaged savings opportunities and tax breaks, as well as help you manage your income and withdrawals to minimize the tax consequences.

The use of retirement accounts, tax-advantaged investments, deductions and specific financial strategies can all help reduce your tax burden and let you hold on to more of your money.

A wealth manager can provide the help you need to keep an eye on how taxes will play a key part in retirement income. The goal should be to retire in the most tax-friendly way possible.

Estate planning is the legal planning that helps you control who will inherit your money and property, and who can make medical and financial decisions on your behalf if you’re unable to do so yourself.

Key documents include beneficiary designation forms, a will, health-care proxy, durable power of attorney, and sometimes, a trust. You may think it’s fine to skip estate planning, or that wills and trusts are only for the wealthy.

Actually, an estate plan is designed to provide you with peace of mind. It helps ensure that your assets are protected, plans are in place if you become ill, and your property is passed down according to your wishes.

Your financial professional can help you tie all the different parts of your estate together into a plan that represents your wishes. You can then have a licensed attorney draft or update your will, trust, power of attorney and end-of-life documents.

Financial success isn’t always about numbers. It’s also about human behavior. By recognizing behavioral barriers and tendencies, and taking steps to overcome them, financial advisors can help make progress toward long-term goals.

Behavioral financial advice does not replace traditional financial planning and investments. It simply increases the effective usage of the financial plan by improving decision-making behavior of both the advisor and client.

Despite fluctuating markets and emotions, our responsibility is to listen, observe and adjust planning strategies to help clients meet their goals.

To provide our clients with an effective and complete financial services experience, we combine traditional with behavioral financial advice.