Adding Value By Helping Clients Make The Right Decisions and Avoiding the Wrong Ones!
As individuals approach or reach retirement, they transition from the accumulation phase, where higher risk tolerances and greater potential returns are feasible due to longer time horizons and lower liquidity concerns. However, with retirement on the horizon, their risk factors begin to shift – the sources of income may have varying tax consequences, time horizons shorten, and inflation and liquidity concerns heighten. This shift underscores the need for a change in financial strategy, with a focus on asset preservation as family transfer goals become increasingly important.
Our role as advisors is to understand where clients want to go and where they are currently, and then to develop a comprehensive plan to help them reach their financial destinations. Our expertise and guidance are invaluable in navigating the complexities of financial planning.
Planning For Your Financial Future
ESTATE PLANNING
A financial plan is not complete without a sound strategy for the disposition of your assets to your beneficiaries, which includes the needs of a surviving spouse and, ultimately, the fulfillment of your bequest wishes to your heirs. We work closely with local estate planning attorneys to help validate our estate planning recommendations and the preparation of legal documents.
Social Security Planning
Planning for Social Security can be challenging because of the options that exist for single, divorced, married, disabled, and widower benefits. Maximizing benefits involves choices between:
*) Early Filing – Should you file before you reach Full Retirement Age (age 67)?
*) Earnings Penalty—Can you file early and still work without incurring a penalty (reduced benefits)?
*) Delayed Filing—Should you wait until age 70 to receive benefits and receive an 8% annual increase past age 67? If you retire before age 70, where will income come from if you wait for Social Security Benefits?
Tax Planning
Anthony Carr, the owner, has been a CPA for over 37 years and can apply unique knowledge and experience to the financial planning role more efficiently since many of the functions in the planning process require solid analytical and tax skills.
Contact us.
We offer a no-charge consultation, a cost-efficient way to evaluate our services and determine whether we meet your expectations of a trusted and competent advisor.
anthony@carrwealth.com
(925) 484-1671
4695 Chabot Dr. #200
Pleasanton, CA 94588