One stop. Many options.
Preparing for retirement should create excitement, not concern. Yet for many, that’s not necessarily the case.
The planning process starts with two fundamental questions. Do you want professional help? If so, what type of advisor is best suited to provide that help? Finding an advisor with shared values is not always easy, but if you can find the right relationship, the impact to your retirement can be significant. We believe the combination of our independence, fiduciary standard of advice, experience working with retirees and pre-retirees, and our evidence-based investment philosophy are some of the reasons people have looked to us to provide that advice. We also believe that having a clearly defined and transparent educational process has been key to our success.
To develop a financial strategy for your future, it is important for your financial professional to see a complete, 360-degree view of your financial picture, including how your retirement assets are integrated and work with one another. That's why we break it down into four straightforward components - The Core Four. If addressed, these components can result in a clearer plan that can lead to financial success. So what are those components?
To sum it all up, if you have a clear process to help determine the goals, resources to evaluate the evidence, and the right people to implement the plan in each of these four core areas you are on your way to financial success.
THE INCOME PLAN
An income plan lies at the core of any good retirement plan. The essence of retirement is really about generating the income you need to maintain your lifestyle. Your income plan will impact your investment decisions, the taxes you pay when you retire, the products you buy (or don’t buy), and the lifestyle you can plan on living. Maximizing income sources like SS and pension as well as detailing a plan for portfolio withdrawals and Required Minimum Distributions are critical to having a plan that will provide the after-tax inflation-adjusted income you need to enjoy retirement.
THE INVESTMENT PLAN
Having the right investment answer is crucial to having a successful investment experience. Your investment plan should have the right asset allocation, utilize asset location where possible, implement tax management and withdraw strategies and have the right cost structure. Your investment plan should also be coordinated with your income plan.
THE RISK MANAGEMENT PLAN
The third component of a good plan is risk management. The three main risks to consider are death, disability and health/long term care cost. Simply put, if you build a good income and investment plan you need to identify the risks to those plans and prepare accordingly.
THE ESTATE PLAN
Lastly, and usually done later in life, is the legacy/estate plan. There are only three place your money can go: your family, your charity/church, or the IRS. It is important to plan in advance for where you want your money to go.
That’s where we come in.
Our core philosophy combines an academically based investment philosophy, an independent insurance brokerage, a team of experienced professionals, and a fiduciary standard of care to deliver a planning experience with discipline, courage and conviction.
Investing is simple but not easy: Our clients understand that our value does not come from overly complex concepts and strategies that they can't understand, but rather the disciplined and consistent execution of proven fundamental strategies. In our opinion strategies like evidence-based investing, tax management, asset location, income planning, legacy planning and risk management – when done right day in and day out – can have major impacts to your retirement.
At Clear Creek Advisors, we can offer you the following products and services:
- Wealth Management
- Tax Loss Harvesting
- Retirement Income Strategies
- Asset Protection
- Life Insurance
- Tax-Efficient Strategies
- Long-Term Care Strategies
- IRA & 401(k) Rollovers
We can also refer you to professionals who provide the following services:
- Charitable Giving
- Estate Planning
- Tax Planning
Once we understand your financial situation, risk tolerance and investment objectives, we can help you decide which types of products and services fit within your financial strategy.