Protecting your nest egg goes beyond maximizing savings and minimizing taxes, it takes strategy and expertise. A common fear among retirees is running out of money. At Alloy Wealth Management, our goal is to help clients create lasting income in retirement and teach them how to slowly withdraw money in a tax-advantaged way to make their nest eggs last. 

When you first meet with one of our fiduciary financial advisors, we’ll discuss your retirement goals to determine how and when you’d like to retire. Will you be traveling the world, or staying home to help raise your grandchildren? Do you have a passion for luxury cars or are you comfortable in your tried-and-true Ford? What are your current monthly expenses? Since lifestyle choices directly impact how much money you will need to retire, we will look at your current investment portfolio to ensure it reflects your risk tolerance, time horizon, and goals. If it doesn’t, our investment management team will enable you to put together an investment portfolio that gives you the best chance of having the retirement you’re dreaming of. 

Tax planning and insurance play a crucial role in investment management strategy because surprise tax bills in retirement will quickly drain a nest egg. It’s better to pay taxes on what you contribute to an investment account while you’re working and withdraw money tax-free in retirement, than the other way around. Planning for big expenses should also happen while you’re employed. For example, if you think you need a hip replacement don’t wait until you’re retired to schedule the surgery. And today’s insurance has come a long way. The right kind of insurance can provide income in retirement, cover long-term care expenses, and much more. If you have questions about ways to protect your nest egg or would like to schedule an appointment, call 800-689-3935.