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Investment Management for the Pre-Retirement Boomer

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Your investment assets have grown to where they could possibly support your lifestyle in a partial or full retirement. There is uncertainty about the appropriate blend of assets (e.g. bonds, stocks, alternative strategies), the future sources of income, taxation, and, of course, a sustainable income level.

GETTING ON TRACK

FIRST

A great starting point is risk tolerance testing along with a review of your investment history and your current investment positions.

SECOND

The asset allocation design process begins with our selection of an appropriate blend of asset categories (e.g. stocks, bonds, alternative strategies), a time tested (since 1991) probability study to test the allocation blend, and then, the investment selection process for both 401(k) choices and non-retirement assets. Our objective advice and asset selection is free from sales commissions and proprietary products.

THIRD

We develop a retirement (full or partial) income strategy by identifying sources of income, tax bracket management, Social Security claiming strategies, and testing the sustainability of your income goal.

FOURTH

We help coordinate the custody of assets (i.e. maintain 401k or initiate an IRA rollover) and position assets to generate income.

FIFTH

We then monitor your portfolio, re-balance to your target blend, when needed, maintain tax sensitivity, and communicate with you during scheduled calls and meetings.

That’s it! Our investment management process is efficient, objective, and has been time-tested for generations.

Retirement Planning for the Pre-Retirement Boomer

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Pre-retirement thoughts could be characterized as anxious and filled with reasonable questions. “Do I have enough?” “Where will my income come from?” “What is a reasonable income goal?” “Will spending increase with more time on my hands?” “Will I be too cautious and deprive myself of things I have wanted to do?” “When do I take Social Security?”

The OFM Wealth Retirement Feasibility Study has helped generations of pre-retirees answer those very important questions. We will help to define income sources and goals, establish an appropriate asset allocation blend based on your risk tolerance, need for income, and taxation. We’ll review various Social Security claiming strategies as well.

We have seen pre-retirees both over and under estimate retirement income needs, buy unnecessary investment products, and most importantly, experience uncertainty after years of hard work. Our clients tell us “We don’t worry about this stuff anymore”. No need for you to worry either.

Estate Planning for the Pre-Retirement Boomer

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Pre-retirement is a great time to visit or re-visit estate planning issues. It is almost as if estate decisions fit with lifestyle planning decisions.

There are two behaviors that are common to estate planning – procrastination about starting the process and relief when those documents are signed. Procrastination stems from the uncomfortable thoughts of disability and/or death, and the current financial/legal decisions that need to be made. We help with those decisions and coordinate with our clients’ attorneys.

OUR CHECKLIST OF QUESTIONS/DECISIONS INCLUDE:

Who will make financial decisions for you if you can’t? A Power of Attorney for Property is a relatively simple document in which you name people to help you. Who will make your healthcare decisions if you can’t? A Power of Attorney for Health care identifies the powers you assign to someone who will make decisions when you cannot. Wills direct the distribution of property (personal and financial) at death under the direction of a named executor or executrix. Beneficiary designations direct the distributions from retirement plans, life insurance, annuities, IRA’s, etc. Living trusts provide instructions for your care, if living, and distributions of assets at death. Trusts involve naming of trustees to act on your behalf if you are not able.

Our role in the process is to explain the possible solutions that the legal documents provide, the choices you have, and the tax, personal, and financial implications of your choices. We have done this for decades and find it to be incredibly rewarding because of the relief our clients experience, and, also, the benefits to our clients’ families.