Investable Assets
You have at least $1 million in investable assets (excluding real estate).
Taxes are regularly the single biggest expense for affluent Americans. A well orchestrated strategy of retirement distributions, Roth conversions, Social Security timing, capital gains management and more could mean a smaller tax bill and more dollars for you and your loved ones.
You have at least $1 million in investable assets (excluding real estate).
You’re approaching retirement or recently retired.
Our approach relies on open and ongoing communication and regular meetings. You’re looking for a long-term collaborative working relationship.
Get started with a 20 minute introductory call. If we agree it might be a good fit we’ll provide a list of information for you Retirement Gap & Tax Analysis.
Based on our initial conversation and the information you provide we will deliver a Retirement Gap & Tax Analysis in a 60 minute meeting. Following this meeting we suggest you spend time ‘digesting’ our findings and recommendations and consider next steps.
After consideration, if you decide to move forward with our firm in a long-term collaborative wealth management relationship we will provide you with concrete next steps.
Bob and Lisa have spent their working lives saving diligently, building significant wealth, including a fully paid-off home. Recently retired, they’re ready to embrace this new chapter by traveling the world and creating lasting memories—all while ensuring they leave a meaningful legacy for their two successful adult children.
While they prefer to remain in their home state of California, they’re mindful of its high income taxes and want to understand how staying there might impact their cash flow and long-term financial goals. With $2 million in Traditional IRA assets and $1 million in a taxable brokerage account, Bob and Lisa feel confident in their resources but are concerned about the potential impact of inflation and future tax increases on their financial security.
Tim and Jennifer, both 60, are at an exciting yet critical stage of life. With $1.5 million in traditional retirement accounts and $1 million in taxable brokerage assets, they’ve done an excellent job of saving for the future. However, like many retirees, they’re concerned about whether their nest egg will last.
They dream of traveling and living in different cities over the next 10 to 15 years, taking advantage of their good health and newfound freedom. Adding complexity to their planning, Jennifer anticipates a significant inheritance but isn’t sure when—or even if—it will materialize.
Sam Harrison, at 55, is at a crossroads. Having recently exited his last venture following a successful acquisition, he’s weighing his options: Should he embark on another entrepreneurial journey, or is it time to transition into retirement? With significant investable assets exceeding $15 million, Sam is well-positioned financially. However, over half of his wealth is tied up in a single stock with a low cost basis, raising important questions about how to manage capital gains while diversifying his portfolio.
Sam’s priorities extend beyond his own financial security—he has a daughter he’d like to support, provided it doesn’t jeopardize his own goals. At this pivotal moment, he’s seeking clarity on his future. By exploring strategic planning opportunities, such as tax-efficient diversification, estate planning, and retirement lifestyle options, Sam can make informed decisions that align with his aspirations. Whether he chooses to begin a new chapter or embrace the freedom to retire, the right guidance can help Sam build a roadmap for a fulfilling and secure future.
The examples provided on this website are fictitious and designed for illustrative purposes only. They are not intended to represent the experiences of any specific client or individual. Financial North Partners and NewEdge Advisors do not provide tax, legal, or accounting advice. You should consult your own tax, legal, and accounting professionals before making any decisions based on the strategies or concepts discussed.
A Retirement Gap & Tax Analysis is a summary of your current financial situation to identify potential risks and opportunities that could impact your long-term financial goals. By examining your current and projected retirement income, tax strategies, and savings, we aim to uncover any shortfalls that might arise in retirement funding, as well as opportunities to optimize your tax efficiency. This analysis provides a high-level understanding of where you stand today and helps create a roadmap to align your financial strategies with your retirement goals, ensuring you can enjoy financial security and peace of mind.
The goal of the Retirement Gap & Tax Analysis is to provide clarity on your current financial situation and determine together if a partnership would be a good fit. If we decide to proceed, the analysis will be expanded into a more detailed and comprehensive financial plan.
We believe in building mutually beneficial partnerships with our clients, ensuring that the value we provide significantly exceeds the cost of our services. To achieve the best outcomes, we find that clients who meet these three criteria are typically the most successful:
1. Timing: We work best with clients who are seriously considering retirement, whether it’s approaching or already underway. A commitment of time and information from our clients allows us to offer the most tailored and effective recommendations.
2. Resources: We specialize in working with clients who have at least $1 million in investable assets (excluding investment properties). This threshold enables us to implement sophisticated retirement tax strategies and ensures our services are both accessible and impactful.
3. Collaboration: We thrive with clients who are actively engaged in an ongoing partnership, including at least two annual meetings (virtual or in-person). This consistent communication keeps us aligned with your goals and equipped with up-to-date information to manage your financial well-being, so you can focus on enjoying other aspects of your life.
If, for any reason, we determine that working together isn’t the right fit, we’re happy to connect you with another fiduciary advisor who may better suit your needs.
At the start of our engagement, we’ll ask for details about your goals and financial situation. As we explore further, additional information may come to light that helps us provide the most effective advice. What we need from you is openness and a willingness to share the information we request to ensure we can guide you effectively.
At Financial North Partners, you can expect diligent, ongoing communication and fiduciary advice tailored to your needs. After completing your onboarding, we will provide you with a service calendar outlining the engagements and outreach you can anticipate from us. At a minimum, we aim to meet with you twice per year, but we’re always available to connect as life changes occur or new financial needs arise.
Financial North Partners operates as an independent firm, which gives us the flexibility to consistently select high performing partners to serve our clients’ needs in an ever-changing financial landscape. While we collaborate with NewEdge Advisors, a Registered Investment Advisor (RIA), to enhance our capabilities and ensure regulatory compliance, our independence ensures that our recommendations and strategies are always aligned with your best interests, free from outside influence. This approach empowers us to provide personalized solutions tailored to help you achieve your financial goals.
As a Registered Investment Advisor (RIA), we operate as fiduciaries, meaning we are legally and ethically obligated to act in your best interest at all times. Additionally, as a CERTIFIED FINANCIAL PLANNER™ (CFP®) and Accredited Investment Fiduciary® (AIF®) designation holder, I adhere to the highest standards of fiduciary care. This means every recommendation we make is focused solely on your financial goals and well-being, free from conflicts of interest or undue influence. For you, this ensures that our advice is transparent, objective, and designed to help you achieve the best possible outcomes for your financial future. You can trust that your interests always come first in our partnership.
As a Registered Investment Advisor (RIA), we have selected Charles Schwab as our trusted custodian to offer a secure and reliable platform for managing your investments. Schwab, one of the largest and most respected financial institutions in the world, has been serving investors for decades and manages trillions of dollars in client assets. Schwab facilitates the execution of trades, provides detailed account statements, and offers online access to your accounts, ensuring complete transparency and control. While we focus on delivering personalized advice and managing your portfolio, Schwab safeguards your assets and ensures all transactions are handled accurately and efficiently.