Exit Planners
While the term is often used to describe exiting a business and the related careful planning that entails, at Peakview Strategies, it’s our contention that the decision to exit the workforce is just as important a decision for individuals too. If you find yourself 1 to 7 years from retirement (or even less!), then this is your group.
Values What's Important
• You’d rather spend money on experiences as opposed to material goods.
• You love to travel – learning new cultures, trying new food and seeing new places.
• As you approach retirement, you’re more convinced than ever that what matters in life is the people, not the things.
• You value your freedom and independence. You don’t want to be a burden on anyone else, and want to know that no matter what you’re running the show in making your world work for the benefit of yourself and the ones you care about most – family, friends, and charitable causes alike.
• You’re beginning to see the wisdom of introducing more stability and predictability into your investment world. You’ve worked hard for what you have, and you’re not about to hand it over to just anyone.
Goals How We Coach You
• Crystallize your retirement income plan and prepare for “what-if” scenarios that might play out during your retirement years.
• Since you’ve accumulated significant assets, ensure that you’re using them in the right ways to protect them from taxes, inflation, and political risk.
• Ensure you’re making optimal decisions regarding when and how to file for social security and ensure your cash flow will meet projected medical costs during retirement.
• Have a dedicated person for you to brainstorm goals, fears and opportunities with. An objective third party to help navigate you through various decisions.
• Ensure that you’re making tax-smart decisions in distributing your assets Some assets may be better to spend vs. leave as an inheritance for others so ensure you’re making the smartest choices.
Common Solutions Include
Investment Management
- By partnering with us to manage your investments, we’ll build and manage unique portfolios for you that take into account your own preferences and help manage or incorporate:
- A written investment policy statement that declares how your money is invested according to your wishes, risk tolerance, time horizon, and account types
- Asset allocation, the leading driver of success
Portfolio risk management - Tax efficient investments and gain and loss harvesting to support other objectives
- In any case, we have a preference toward low-cost investment options that increase the likelihood of meeting your objectives in the long run.
Estate Planning
- We will help you make sure that the things that belong to you are distributed according to your wishes, and help you facilitate doing good for others over the years and at your death.
Tax Planning
- We help make sure that you’re taking advantage of everything the tax code allows to allow you to keep more of your hard-earned income and assets. We’ll make sure your portfolio is tax-diversified and that everything is working together and is aimed in the right direction to meet your goals.
Household Financial Reporting
- Businesses use formal financial statements to track and present relevant financial data and use it to make informed decisions. Your household is no different. We’ll use a statement of net worth and a cash flow statement to track progress toward your goal and as one way to measure success relative to your unique goals.