Retirement & IRA Planning
You’ve worked hard your entire career to save money for your future; you deserve to retire on your terms. Whether you’re on the cusp or already retired, we can help you develop a retirement plan to navigate important retirement decisions today and in the future. For many of our clients, the concept of retirement has been just that, a concept way out in the future. Then, one day, here it is. And while you’ve been planning your last day at work, we’ve been planning for everyday after that. Let us show you how our team of retirement planning and IRA experts can help you navigate important retirement decisions whether you’re already retired or just begun planning for it.
Retirement Income & Distribution Planning
Even if you’ve worked and saved all your life, it may be overwhelming to figure out how to organize your assets to provide a lifetime of income in retirement. At Sherpa Wealth Strategies, we’ll help you navigate:
How to choose which pension option to take, including coordination of survivor benefits with other assets
How to allocate assets in retirements plans – IRAs, 401(k)s, 457s and 403(b)s – to provide a monthly or annual income
Whether and when to convert assets in a traditional IRA to a Roth IRA
How to recalibrate your budget in retirement
How to plan for the tax consequences of Required Minimum Distributions at age 72
IRA Planning
For most people, their 401(k) and Individual Retirement Accounts (IRAs) are their single largest investment accounts. In fact, over half of our investments under advisement are held in retirement accounts. But retirement accounts are complex and the rules can be confusing. We help our clients make informed choices about:
Whether to roll their employer plan into an IRA
Roth IRA conversions and tax arbitrage strategies
Required Minimum Distributions
72(t) options
Strategies for beneficiary withdrawals under the SECURE Act
Understanding beneficiary options for employer plans vs. IRAs
Setting up trusts as IRA beneficiaries
Coordinating your beneficiary designations with your estate plan
When to split your IRA into multiple accounts
Net unrealized appreciation options for employer stock
Using life insurance to maximize after-tax income for beneficiaries
Whether to roll their employer plan into an IRA
Roth IRA conversions and tax arbitrage strategies
Required Minimum Distributions
72(t) options
Strategies for beneficiary withdrawals under the SECURE Act
Understanding beneficiary options for employer plans vs. IRAs
Setting up trusts as IRA beneficiaries
Coordinating your beneficiary designations with your estate plan
When to split your IRA into multiple accounts
Net unrealized appreciation options for employer stock
Using life insurance to maximize after-tax income for beneficiaries
Learn from our advisors.