People Transitioning to Retirement
Retirement Planning
Life is about to be very different for people transitioning to retirement. It’s a goal many have been striving to meet their entire working lives. But the closer it is, the more important it is to have solid retirement plans in place.
Pre-retirees often ask: Will I have enough money set aside? Where will my income come from in retirement? I own my business, do I need a succession plan or exit strategy in place?
Veracity Capital helps clients on or near the verge of retirement get financially ready. We focus squarely on your personal and family priorities for life in the golden years. We help our clients align their investment portfolios and retirement funds with their goals.
Retirement Income Planning
Retirement changes your entire income structure, and getting a handle on the investment vehicles that will guide your post-work finances is essential. Our full slate of retirement income planning helps clients assess their goals and create a dependable revenue stream. We analyze your needs by reviewing your investments and reallocating assets as needed.
Whether you plan on drawing from an IRA, pension, Social Security, investments, or new income sources, Veracity Capital looks for ways to maximize your income in retirement.
Tax Mitigation
Taxes play a huge role in retirement planning. Whether you’ve made tax-deferred plan contributions or plan on making tax-free distributions from your retirement fund, Veracity Capital’s tax management team helps you understand the tax implications of retirement. We seek ways to limit our clients’ tax liability and maintain financial strength and stability.
Our strategies might involve adjusting the balance of taxable and tax-advantaged accounts, overseeing required minimum distributions (RMDs), and looking into the latest approaches in tax-efficient investments.
Investment and Portfolio Strategy
Timing is critical for people transitioning to retirement. Veracity Capital helps them make decisions on selling stock options, risk mitigation, alternative investments, and passive income sources. Our experience and skill in investments allow our clients to make the right moves at the right times.
Veracity Capital helps corporate executive clients by finding creative ways to grow future wealth, such as restricted stock units (RSUs), stock options, stock appreciation rights (SARs), employee stock purchase plans (ESPPs), and other forms of equity compensation. We work on enhancing your investment returns by aligning them with your goals and risk tolerance levels.
Estate Planning
One of the most sensitive tasks financial advisors take on is preparing estate plans. After all, thinking about how to distribute your assets to loved ones can be a stressful, arduous job.
Veracity Capital eases the burden by guiding pre-retirees through the difficult task of managing their estate. Our professionals work with attorneys who help their clients update wills, establish trusts, designate beneficiaries, and donate to charity. We also provide guidance on lowering estate taxes and streamlining the passing of assets down to heirs.
Social Security & Medicare Strategies
Social Security and Medicare are crucial components in any retirement strategy. Leaving these safety nets unaccounted for can result in insufficient income, lapses in medical coverage, inadequate healthcare, and outliving one’s retirement savings.
Helping clients tackle the intricacies of these two programs, Veracity Capital optimizes the timing of claiming fund benefits, arranges for spousal benefits, and investigates whether alternative coverages might be more advantageous. Our financial advisors help clients avoid expensive missteps like skipping deadlines, making unoptimized healthcare choices, and paying costly penalties.
Insurance Planning
Insurance planning is essential to safeguard the wealth you’ve accumulated for retirement. For example, taking out a comprehensive life insurance policy assists your beneficiaries in limiting post-death expenses. It can also help when setting up a plan for long-term care, potentially giving retirees a boost in extended programs like in-home care.
A well-drawn insurance policy can also shield you and your family from the fallout of unexpected events like accidents and sudden disabilities. It can additionally serve as a hedge against expenses like hospital bills and estate or inheritance taxes. Veracity Capital creates innovative insurance packages that allow our clients to enjoy retirement with as little anxiety as possible.
Financial Tools for People Transitioning to Retirement
If you’re on the cusp of retirement, call Veracity Capital at (844) 508-7884 or email us at info@veracitycapital.com. You can also schedule a meeting online. We look forward to hearing from you soon!
Let’s take this journey together.
We’re here to help guide you in your financial journey to success and a more secure, confident future.