Pre-Retirees
Retirement is the largest expense most of us face in our lifetime, and it’s never too early to start saving. Whether you’re 20 or 60, we can help you establish a retirement planning strategy that seek to maximize your savings opportunities and reduce your tax exposure.
As you near retirement, you may begin to wonder, “Do I have enough savings to last a lifetime?” “How do I make the shift from saving to spending?” “Will my family be okay?” We help answer these questions and provide clear guidance that seek to improve your retirement outcomes.
Retirees
The financial planning process doesn’t end when you reach retirement. In fact, it becomes even more important to maximize your monthly income, reduce your tax exposure, manage your investments and make a plan to pursue your legacy goals.
As you enter retirement, we’ll help you:
- Manage your investments to balance both growth and income requirements
- Coordinate retirement income from various sources, including retirementaccounts, Social Security and pensions
- Establish a tax-efficient withdrawal strategy that seeks to maximize your monthly income and minimize your tax exposure
- Determine the best time to begin receiving Social Security and/or pension benefits
- Make a plan to pay for healthcare expenses
- Plan for any major purchases, such as a second home or a boat
Throughout retirement, we will continuously monitor and adjust your financial strategies to help ensure they continue that seeks to your changing needs and legacy goals.
Business Owners
As a business owner, you face unique financial challenge. Whether you’re just getting started or are preparing to exit your business, we’re here to help ensure your business strategies are in line with your personal financial goals and overall financial plan. We work with various accountants and attorneys that seeking to help optimize your business finances, reduce your tax exposure and help ensure your strategies are aligned with your goals.
Our founder and CEO, Mark Miller, holds the Certified Exit Planning Advisor (CEPA) designation and has extensive experience helping business owners successfully navigate the business succession process. With the support of the entire North Oaks Wealth Management team, Mark can help you address the following goals:
- Plan for liquidity
- Allocate assets following the sale
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
Multi-Generational Families
As a family run business, we understand the importance of planning for multiple generations of family members. Multi-generational planning is about more than just estate planning. It’s an approach to managing your family’s legacy that also includes passing along your values and priorities.
Similar to succession planning for your business, the multi-generational wealth planning process should begin early and involve as many stakeholders as possible. We strive to include all family members in the planning process, including younger generations, as we believe this is the most effective way to reinforce your values and legacy wishes. We also believe in the importance of educating the next generation of family members to help ensure they are equipped with the knowledge they need to successfully managing your family’s wealth.