Tax-Efficient Retirement Planning
Articles & EducationTax-Efficient Retirement Planning
Articles
A Different Kind of Year-End Review: 10 Steps to Reflect and Recharge
This year, we're encouraging you to look beyond just the numbers. We invite you to conduct a personal year-end review...
Year-End Giving Strategies: Maximizing Your Impact
As we enter the holiday season, now is a great time to think about your giving strategy and your contributions to the...
Exploring the Financial Impact of Electric Vehicles
While the industry has some EV enthusiasts, there are also skeptics. In 2022, according to Cox Automotive, EVs made up...
Safeguarding Your Identity: Essential Tips for Financial Security
As financial professionals, one of our primary goals is to help our clients create a financial strategy and protect...
When Retroactive Social Security Benefits Make Sense: Key Scenarios
Retroactive Social Security benefits offer a lump sum payment for up to six months of missed benefits, but opting for...
The Impact of Elections on the Markets and Tax Policy
The Impact of Elections on Markets and Tax Policy With Labor Day behind us, we're in the final stretch of the 2024...
Retirement Planning Case Studies
Approaching Retirement
Case Study #1
After long careers where they have been putting money away for someday, Steve and his wife Sara began wondering if they have enough for retirement and what retirement could look like. Their brief conversations around retirement have revealed that they happen to have different ideas on what retirement means to each of them.
They both have 401k’s from different employers as well as Roth IRA’s that they have been contributing to the past 8 years. Sara also has a pension from her most recent employer and an inherited IRA from her mother. They both are concerned about Social Security running of money and how to coordinate all of this.
Retired Without A Plan
Case Study #2
Mark and Linda both recently retired from rewarding careers and are looking forward to their many plans for the future.
They want to ensure that their retirement plan not only enables the lifestyle they have envisioned in retirement but that they have a plan to make sure they never run out of money.
They recognize that reducing taxes, improving investments, and creating a reliable income stream in retirement is their priority and would like a fiduciary advisor to help them going forward so that they can focus on their version of retirement.
Recently or Unexpectedly Widowed
Case Study #3
Robert and Susan were high school sweethearts and she never thought there would be a day without him there to share more memories, let alone to help guide her through difficult and often confusing financial decisions.
Once the dust began to settle and the children had returned to their homes, Susan recognized that she could use some help sorting through her options and understanding which of those made the most sense for her situation. Robert’s passing instilled in Susan a focus on making the most of each day she was blessed to experience and a strong desire for a flexible plan going forward.
(Note: These case studies are hypothetical, do not involve actual Iron Mountain Financial Planning clients, and should not be construed as a guarantee.)