Long before retirement even hits our radar, we’re usually consumed with planning what type of education, skills training and professional designations will forward our progress. Or as business owners, we’re often focused on growth, many times at the expense of our personal financial picture.
That’s why we need to start planning for retirement earlier rather than later. And effective retirement planning, especially for the successful, takes time to do right. At Holland Capital Management, we’ll help you plan a tax-efficient retirement focused on preserving your quality of life and maximizing your legacy.
Why Retirement Planning Is Important
Everything we do – from choosing and building a career to investing in our business – is presumably so we and our families can have a better life. But if we fail to plan for “life after work”, all of the plans and effort we put into our working lives could be jeopardized.
There are many questions you should ask yourself early, like how you want to spend your time after you retire or sell your business.
On the financial side, there’s a big shift required. You’ve spent a lifetime focused on the accumulation of assets using risk and hard work. In retirement, it takes a different skill set. You’ll be focused on using assets in the most efficient way possible you can preserve what you’ve built.
At Holland Capital Management, we’ll help you prepare to enjoy a confident retirement, whatever that looks like to you.
What We Can Do For You
Our Retirement Planning service takes a long-term view of your financial well-being. We use a life-cycle approach to ensure your “life after work” is as well-planned as your life prior to retirement.
Here’s what we do for you as part of our Retirement Planning service:
- Your personalized retirement planning strategy: Our work centers around four pillars: Helping you plan to achieve your financial goals prior to retirement; Planning to ensure you will have sufficient income in retirement to live your desired lifestyle; Putting plans in place to minimize your taxes and safeguard your assets from known and unknown risks; Planning for your legacy, so you can pass on wealth tax-efficiently.
- Understanding your goals: Retirement means something different to everyone. We’ll ask you a lot of questions so we can help you get clarity on specific goals.
- Analyzing where you are: To plan a meaningful retirement, you need to know where you currently stand. We’ll help you build an in-depth financial inventory to use as part of our retirement planning process.
- Developing the plan: Pondering your retirement brings up a lot of questions. Well, we’ll work with you to create a retirement plan that addresses every one of them. When we’re done, you’ll not only know what you need (income) to fund your retirement lifestyle, and what your investments will generate; but you’ll also know how to bridge the shortfall – if any.
- Helping you make the most of Social Security: While not a large source of income, this tax-advantaged, inflation-adjusted revenue stream can be pivotal when used as part of a comprehensive plan. You’ve earned it, we’ll help you make the most of it and any other benefits you’re entitled to.
- Implementing the plan: As you move closer to retirement, we’ll work with you to ensure the plans are implemented properly. The goal of our Retirement Planning approach is to make transitioning into retirement as seamless and stress-free as possible.
- Looking out for you in retirement and beyond: We’ll also help you with other priorities that may be in focus in this phase of your life, such as health care planning, insurance, charitable giving and legacy planning.
- Ongoing reviews: We’ll continue to monitor and review your retirement plan, and consult with you frequently about any changes or updates needed to address your retirement lifestyle needs.
