Transitioning from full-time work comes equipped with a kitchen sink full of questions:Where to live, so as to minimize taxes and maximize quality of life?How will cash needs change and what portion of assets should be invested in fixed income strategies in order to meet those cash needs?How best to implement the gradual transfer of assets to heirs, so as to minimize Estate and Gift taxes, while also showing foresight and generosity?
The key to answering such questions is to recognize that they are all interrelated.At Paragon, we integrate your financial planning at retirement with other elements, such as tax planning, life insurance planning, medical planning, and estate planning.More specifically, we help our clients navigate challenges such as the following:
To convert or not to convert:the Roth IRA problem.Whether to take advantage of the recent removal of the income limit for would-be Roth converters is an issue tied to several factors, such as your age, the financial situation of your heirs, and your current cash needs.We look at each client's situation separately so as to come to the best resolution for that particular family.
To exercise or not to exercise--stock options, that is.Many of our clients are executives or former executives with significant assets locked in to stock options.We consider the question of when to cash in based not only on straight market factors but on the place of these options within our clients' larger asset allocation structure and within our clients' overall strategy for gifting and investing.
To scale back or to scale up:retirement should not imply a drawing back from life, a downsizing or a retreat into a cautionary financial stance.A careful balance between fixed income investments and riskier ones can mean a robust standard of living with plenty of adventure--and comfort.We can help you to rebalance your asset allocation at set intervals, so as to take advantage of changes in the market and of changes in your family's priorities and values.
