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Whether you are newly retired or have been enjoying your “Third Act” for some time now, The Black Financial Group can help ensure that all your bases are covered.
Transitioning into retirement can be one of the greatest stresses in life but managing life through retirement can be just as stressful. For those who might be unsure if they are on the right track, our team can assist with our comprehensive retirement analysis and planning process.
Building a comprehensive retirement strategy first involves a deep dive into your situation to get a clear view to the path ahead. This includes an overview on both where you are and where you want to go. Following this detailed look at your portfolio, a stress analysis can be used to help shed light onto any potential roadblocks that you may encounter from either a performance or risk standpoint.
In conjunction with this information, our team can either prepare a revised plan (if necessary) or confirm the progress on your present course. This second opinion can provide some clarity for you as you move forward as well as introduce some of the unique processes that The Black Financial Group uses for our clients.
While most investors are interested in keeping tax payments low, when it comes to retirement funding there are several potential pitfalls that may be encountered that require extra careful consideration. We work closely with your other trusted advisors (Tax & Legal, etc.) to ensure that the income derived from your assets is efficiently generated to maximize your after-tax returns while still qualifying for all available public benefits.
Part of our comprehensive retirement strategy includes consideration for both your legacy and estate. Unfortunately, many people do not properly consider this component in their overall strategy, which can sometimes lead to catastrophic consequences for your family or beneficiaries.
Our all-encompassing analysis, prepared in conjunction with your other advisors as needed, can help ensure that proper steps are put into place before an untimely tragedy or death to alleviate the concerns of surviving family. Be it with an updated will, powers of attorney, or proper life insurance coverage, our goals for clients are to ease the transition for survivors and to protect the accumulated estate from tax erosion.
Life often surprises us with many unexpected situations, both good and bad. Events such as an early severance retirement can sometimes catch people off guard.
These kinds of events, should they occur, remind us to revisit our comprehensive plans to ensure that early retirement can also be a successful one. From transitioning retirement funds to optimizing buy out packages, we can be there every step of the way to help construct an optimal plan for the next stage of your life.
After many years of savings, the time has come to look at rolling over your retirement assets. This is a process that The Black Financial Group has assisted many of our clients with before. We can help by clearly explaining and outlining the requirements and what to expect with everything from RIFS and LIFs to several other types of rollovers.
The period approaching retirement provides a great opportunity for you to do some financial “housekeeping”. Through the years, many investors end up holding a wide variety of investments at various institutions, overly complicating the effective management of a portfolio. Through our detailed review, we can help identify potential unexpected risks, asset concentration concerns, as well as pinpoint solutions to any systemic portfolio concerns.
