Comprehensive Retirement Planning
A secure retirement may not be your only financial planning goal, but it’s probably the most important goal when planning. We know what it takes to get there and just as important stay there.
We will help you consider all of your retirement resources from your 401(k) plans, IRAs, real estate, savings, to your direct income sources such as pensions and Social Security. From here we will design a comprehensive retirement plan to help you pursue your dream retirement.
While every situation is unique we believe that a disciplined approach to investment management is the key to a successful retirement. You can count on us to always:
Focus on the long-term: Chasing returns is a common investor mistake. We seek out investment opportunities that offer the most potential for long-term performance, based on your individual risk tolerance.
Manage your risk: Your investments will be diversified across a broad selection of asset classes, giving you a balanced exposure to a variety of different markets. Diversification does not ensure against financial loss.
Maintain diligent oversight: We know nothing ever stays the same, companies change, economies change and of course markets change. Portfolio Advantage is an active investment style with the objective of participating in market gains and limiting losses in declining markets.
401(k) Advantage®: Do you find it difficult to keep up with current market conditions? Would you find value in advice on when to reallocate your portfolio? That’s exactly how our 401(k) Advantage® center works. We provide you allocation recommendations and notification to reallocate your account based on economic and market conditions.
Our investment selection is based on not only competitive advantages they may have but for investments that we believe will stay competitive. Our investment committee researches, tests and scrutinizes everything from strategies, costs, risk, management stewardship and long-term performance. We are focused on fundamentals and are more patient with short-term under performance. It has been our experience that if you concentrate solely on short-term performance you would constantly be chasing returns which often leads to being whipsawed back and forth, in other words buying high and selling low.
Tax Reduction Strategies
Client Financial Education
401(k) and Pension Rollovers
If you have a 401(k) or some other retirement plan with a previous employer, you should strongly consider the benefits of transferring your retirement assets into a Rollover IRA or a Traditional IRA.
A Rollover IRA or Traditional IRA is a tax advantaged IRA account designed to receive retirement funds rolled over from an ex-employer’s retirement plan. The IRA rollover allows funds to be transferred over tax free and penalty free from other retirement plans and allows retirement funds already set aside to continue to grow tax deferred until retirement.
When leaving an employer whether voluntary or involuntary, many experts believe there are advantages to rolling over your retirement plan into a new IRA versus leaving your money in your old employer’s retirement plan or transferring it into your new employer’s plan.
401(k) Allocation Recommendations
Lifetime Income Solutions
Everything changes on the day you retire. That’s when you have to turn your savings into a sustainable retirement income stream. The best time to start that process is before you actually retire. How and where you save and invest will have a direct impact on how you tap into those assets when you need them.
We’ll help you prioritize your savings and investments among taxable and tax-deferred options.
We can help design income solutions with the goal of providing lifetime income.
We’ll help you decide when and if to roll your 401(k) into an IRA.
We’ll design a plan for cracking open your nest egg based on your current and future needs.
Social Security Planning
File now or wait until your full retirement age? File, File and Suspend or Restrict? Many people are not getting the most from their Social Security benefits because they don’t know all their options or how their choices can cost them thousands of dollars.
Optimize your lifetime Social Security benefits with Townsend’s Social Security Optimization program! We will provide you guidance which allows you to compare results of different scenarios. Don’t file without first meeting with one of our advisors!
Wealth management should be a priority for high-net worth individuals who hope to sustain and grow their wealth in the long term.
Wealth management is customized to each individual’s unique portfolio and long-term goals with a range of services that are personalized to each client’s specific needs. These services are apt to include estate planning, tax planning, investment management, retirement planning and retail banking services.
While financial planning is important for everyone, it is essential for high-net worth individuals and families who may need a more multifaceted investment strategy and addition financial services. Wealth managers are versed in the various needs of high-net worth individuals, including stock-option planning, business succession and high-net worth specific tax planning.
Wealth management is full service, providing guidance on all aspects of a high-net worth individual’s financial livelihood. Wealth managers are not only financial advisors. While they are financial planners and investment advisors, they also take on estate planning, tax planning and retirement planning, coordinating with other experienced professionals including accountants and attorneys. By taking into consideration all aspects of a high-net worth client’s financial life, they are able to tailor investment strategy to meet other needs, including retirement planning and estate planning, providing a well-rounded approach that aims to safeguard and grow a client’s wealth for one’s lifetime and beyond.