What Is “#2ndHalfPlan”?
2nd Half Plan is about being ready for the second half of your life. Your childhood is a dress rehearsal, a training camp; you are learning how to be an adult. The first half starts in your late teens/early 20’s; you now have responsibilities. You are creating a family, developing a career, having a good time. When your second half starts, hopefully having a good time is all you have to worry about.
In Preparing for your Second Half, you need to answer a couple of Questions.
1) What do I/we want to do? and 2) How do I/we pay for it? Figuring out what you want to do may be the harder part because it will probably change a few times along the way. Travel the world? Spend all your time with grandkids? Volunteer? Move to a cabin in the woods or a house on the beach? Generally speaking you are limited by your imagination (or your spouse’s).
Planning how to pay for your second half is the tedious part. Answering How is less fun than What. You need to understand the options available and the pros and cons of each. How much do you sacrifice today to have more for tomorrow? Is it better to use tax-deferred accounts or taxable accounts? IRA, Roth, HSA, 401(k), NUA, CRT, 529, QLAC - all of these tools may or may not be good options, and some better than others at different times in your life.
Tools For Your #2ndHalfPlan
Financial
Asset Analysis
Review and Assess
Inventory and Categorize
Explain and Suggest
Investment
Management
Return efficiency
Risk awareness
Tax sensitivity
Goal Based
Planning
Goal identification
Future projections
Assumption discussion
Retirement
Income Planning
Lifestyle funding
Medicare and Social Security strategies
Survivor income
Retirement Account Optimization
Account taxation
Funding selection/levels
Beneficiary & legacy planning
Estate and
Trust Strategy
Liquidity concerns
Tax trade-offs
Bequest funding
Let's Talk
The true value of planning emerges in the discussion and collaboration of our knowledge applied to your unique circumstances. We bring our areas of expertise to your areas of curiosity, ambition and worry.
Let’s get this conversation started.
