Retirement Planning
Take Command of Your Future
We want you to be able to retire properly. That means enjoying retirement your way on your timeline, without worrying about outliving your money. Our goal is for you to live your adventure, now and into the future for the adventure you value is the one we will help you pursue.
People in the pre-retirement stage (5+ years before retirement) often need help strategizing IRA & 401(k) Rollovers, Social Security Optimization, Retirement Income Planning, and Tax Planning Strategies.
As retirement nears, the traditional strategy has been to move growth-seeking products to more conservative, fixed-income products. According to a recent study, for a married couple aged 65, there is now a 50 percent chance that at least one spouse will live to age 94. This means that you may need to plan for your retirement savings to last 25 to 30 years potentially.
A 2023 survey found that 64 percent of Americans surveyed said they were more afraid of outliving their assets than they were of dying.
A significant loss in the years just before and/or just after you retire could negatively impact the level of income you receive throughout your life. In fact, if a loss occurs earlier in life, there is also the chance that you may have more time to recover (versus a loss occurring later in retirement). Why? Simply because a smaller pool of assets is left to sustain you throughout your retirement years and your assets may not have as much time to recover.
IRA & 401(K) Rollovers
For pre-retirement clients, there are generally four things you can do with the assets in an employer-sponsored retirement plan when you change jobs:
- Continue the former employer-administered plan
- Cash out and pay income taxes and possible additional taxes and penalties
- Transfer the money to another employer plan, if allowed
- Rollover the money into an IRA with the help of your advisor (Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement.) We can help you determine if a rollover to an IRA is the right move for you.
Optimizing Social Security
When should you take Social Security?
When should you take Social Security?
Stronghold Capital Partners considers Social Security Optimization a key component to any well-crafted retirement plan. With comprehensive analysis, we can help you choose the right time to file.
When the Future is Now
When it’s time to begin taking distributions in retirement, we strategically manage your taxable income with an eye toward your tax bracket while still maintaining flexibility for what’s to come. This strategy considers tax maintenance as it ensures your money works efficiently for you in retirement.
Your Retirement Income Plan
Retirement income planning is a crucial component of your overall strategy. These important conversations together will consider the accumulation phase. Our team will then work to balance your assets to enhance diversification in retirement. We will determine the right withdrawal strategy to help meet your needs.
We can help you design a retirement income strategy that meets your protection and performance goals.
Contact us today to schedule a complimentary introductory meeting.
Schedule a No-Cost Consultation
Contact StrongHold Capital Partners:
EMAIL:
admin@strongholdpartners.com
ADDRESS:
7150 E Camelback Road Suite 444
Scottsdale, AZ 85251
PHONE:
480-992-9240
Investment advisory services offered through Stronghold Capital Partners, LLC, a registered investment adviser. Licensed insurance professionals.
Stronghold Wealth Partners and its employees and representatives do not provide tax or legal planning or advice. We are not affiliated with or endorsed by any government agency. Views expressed by Stronghold Capital Partners are theirs alone. This website is for informational purposes only and shall not constitute advice and are not an offer to buy or sell, or a solicitation of any offer to buy or sell investment products. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Past performance may not be used to predict or project future results. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there is no assurances that it will match or outperform any particular benchmark.
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Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products. Additional details including potential conflicts of interest are available in our firm's ADV Part 2A (for advisory services) and the Insurance Agent Disclosure for Annuities form (for annuity recommendations).