Solutions for Pre-Retirees & Retirees : Wealth Management Strategies | Santa Ynez, CA

Solutions for Pre-Retirees & Retirees

Retirement should mean a new phase of life, not the end of a lifestyle. While you’re building your business and your life in the present, you want to make sure your wealth is building a future for you and your loved ones. Whether you’re launching the next great business or managing the family foundation, you have your hands full with the present. We will develop personalized strategies and solutions to maximize your return later, so that you can focus on the now. With help from us, you can enjoy the life you’ve built, even after “work” becomes playing with grandkids or spending time by the sea.

Asset Protection

There are numerous financial strategies you can implement to protect what you own and accumulate wealth for the future. We offer specific strategies to help you protect your business and personal assets from liabilities, accumulate wealth to sustain your retirement, and safeguard asset transfer to your children and grandchildren. Whatever your goal, we’ll help you determine the right course of action to mitigate risk for your specific situation and objectives.

Estate Planning

An effective estate plan ensures that all your assets end up in the right hands, whether you’re establishing a trust for your loved ones or leaving a donation to your favorite charity. When planned properly, your estate plan should also minimize tax liability and ensure your loved ones are protected for the future. We’ll collaborate with your other advisors to ensure each aspect of your plan works cohesively to meet the needs of you and your family. We’ll suggest strategies that efficiently distribute your wealth so you and your family are prepared for generations of success.

We do not provide tax advice. Please consult with your own advisors for tax advice.

Charitable Planning

Your wealth has the power to impact lives, and charitable planning allows you to create a brighter tomorrow for others as you prepare for your own future. We help you leverage your financial strategies in a way that maximizes impact for the causes you care about and supports your personal financial goals. We’ll develop strategies that allow you to leverage opportunities to give back, reduce your tax burden, and provide additional income streams for your future. Giving back is a great way to enrich your life as well as others—let us help you prepare for those opportunities in the most effective way possible.

Please seek tax advice from your own tax advisors.

Disability and Extended Care Needs

Preparing for a sound financial future isn’t just about saving money—it’s about protecting your income and preparing for unexpected events that could impact your financial security. A comprehensive financial strategy takes into account ways to maximize your wealth as well as potential circumstances that could affect your future cashflow. We offer solutions for disability insurance and extended care that help you manage unexpected expenses and ensure you’re prepared for any future. We’ll help you identify your risk factors and establish safeguards to protect your assets so you can continue on the path to a confident future.

Products available through one or more carriers not affiliated with New York Life Insurance Company, dependent on carrier authorization and product availability in your state or locality.

Retirement Planning

If you intend to retire (and most people do), the best time to start planning is now. Our team will help you discover what a satisfying retirement looks like to you—whether you want to manage your business as long as possible or you plan to cash in a pension at 55. We’ll help you determine what you need to retire comfortably and how that affects your current planning objectives. We’ll review your risk, assets, and current planning status, then recommend tools to maximize your earnings now and protect your wealth in the future. Whatever a fulfilling future looks like to you—we’re here to help you prepare for it.

Education Funding

Preparing for your child’s education might be the last thing you want to think about—especially if your kids are still young and you’re paying off your own student loan debt. But by starting early, we can help you make funding their education a manageable goal. Our team of professionals will help you simplify the process and consider factors like tuition inflation, taxes, and risks to develop a strategy that balances your current budget, maximizes your resources, and prepares the best future for you and your children.

We do not provide tax advice. Please consult your own advisors for tax advice.

Debt Management

Managing debt can be an overwhelming process. Whether you need guidance for paying off student loans or organizing your finances to get on track for your saving goals, our team is here to help you develop an actionable strategy and make managing your debt a reality. We’ll help you establish realistic objectives to pay off your debt and achieve benchmarks that guide you toward your overall goals. We’re here to help you lift the burden of debt so you can move forward with your financial future and get back to living your life.

401(k) and IRA Rollovers

Your 401(k) might feel like a distant aspect of your hiring paperwork until it comes time to retire or change your career path. These accounts can be incredibly useful assets for your retirement, and it’s important to optimize your opportunities from these plans, whether you’re changing jobs or planning to exit the workforce soon. We’ll work with your tax advisor to help you determine the best course of action for your existing 401(k) or IRA that aligns with your retirement goals.

When you leave a job or retire, you have a decision to make regarding your 401(k) money. Depending on what your plan allows, you might be able to leave those assets in your former employer's account or transfer the money to a different fund. If the plan allows for transfers, you could put the money into your IRA or transfer it to your new employer, if your new employer offers a 401(k) plan that qualifies for rollovers.

Each choice offers advantages and disadvantages, depending on your specific needs and goals. We’ll help you determine a decision based on each account’s investment options and services, applicable fees, expenses, and withdrawal options. We’ll also help you consider each account’s minimum distribution options and tax requirements and how that affects your objectives. Whatever your plan allows, we’ll help you take advantage of the best choice for your future goals.

Neither New York Life Insurance Company nor its agents offer tax advice.