One of the most important parts of our mission at Integrated Capital Management is to advise clients on how to maximize
income in retirement. Our clients benefit from long term financial planning during all phases of their lives and retirement is
often the most important planning goal for our clients. Our advisors use the most advanced financial planning software to
guide clients as they prepare for and live through retirement. We look forward to building your retirement plan.
Employer pension plans are not as common as they once were. At Integrated Capital Management we educate our clients on their individual pension options for maximum payout.
Situation
David is Vice President of Sales of a public utility company and is fortunate to have a pension through his employer. He is currently evaluating the four pension options offered to him – three are income option plans and the fourth is a lump sum payout. He has asked Integrated Capital Management for guidance on which plan is best for him and his family. His goal is to retire within two years. He wants to elect the best pension option for his situation.
Solution
David’s Integrated Capital Management advisor reviewed his goals and pension options. Through a comprehensive financial planning analysis, a lump sum benefit was determined to be in David’s best interest. Based on his personal situation, this option was more beneficial to his family’s future financial stability.
For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
The average corporate employee has three 401(k) accounts that still reside with former employers. At Integrated Capital Management we see many employees nearing retirement who have not consolidated their 401(k) plans into one account.
Situation
Mary was referred to Integrated Capital Management after she had retired with three 401(k) accounts that were invested with her former employers. She was overwhelmed with managing the three accounts and the required minimum distributions.
Solution
Her advisor recommended to combine the three 401(k) accounts into one retirement account. This eased Mary’s concerns about managing so many accounts and streamlined the sources of her retirement income. The strategy simplified her future required minimum distributions and enabled the efficient management of her retirement accounts.
For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Most retirees are concerned about creating sustainable retirement income. Between Social Security, pensions and 401(k) / 403(b) accounts, retirees have multiple options for meeting their retirement needs, but many have no plan to maximize the income from these sources.
Situation
Steven was nearing retirement when he reached out to Integrated Capital Management. He needed help on how to structure his income from his old 401(k) accounts, pension and Social Security. His concern was that these sources would not be sufficient to enable him to retire comfortably.
Solution
The advisor worked with Steven to develop a retirement income plan that would also allow his family to take an annual vacation together, which was a lifelong goal for he and his wife. The long-term strategy took into consideration future variables such as the correct age to take Social Security, required minimum distributions from his 401(k) plans and taxes. With this strategy in place, Steven is confident that he and his family will have the income needed to enjoy the future.
For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
One of the most common questions we get at Integrated Capital Management is when to start taking Social Security benefits. Most retirees can begin taking Social Security benefits at age 62, however for each year you delay your income the monthly payment increases by 8%. Over your expected lifetime, taking an early Social Security check can cost you hundreds of thousands of dollars.
Situation
Patrick is 62 years old and has been an Integrated Capital Management client for 5 years. He would like to retire at age 65 and is considering taking his Social Security income check at that time. Patrick has several retirement and after-tax investment accounts that Integrated Capital Management manages that are possible sources of retirement income. He wants to evaluate the optimal income strategy from his investment accounts and his Social Security benefits.
Solution
Patrick and his Integrated Capital Management advisor built a financial plan that maximizes his income in retirement. The plan illustrates the benefit of Patrick waiting to take Social Security until age 70 while using his other investment accounts to generate income from age 65 to 70. This strategy ensures that he will not outlive his money while covering his family’s income needs. He is now confident that he can enjoy retirement as he had planned.
For illustration purposes only. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy recommended will be profitable, equal any historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. No portion of the content should be construed as an offer or solicitation for the purchase or sale of any security. ICM and its affiliates do not provide tax, legal or accounting advice. Any information presented here is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.