Steve was ready to move on from his busy executive life to pursue other interests and had provided for his family and his and Sue’s retirement. Through successful savings and investing, Steve and Sue had ample retirement assets but did not have a plan regarding an income stream, when to start social security and how to reduce taxes in retirement.

Steve and Sue knew they needed some direction in terms of the retirement questions, which is why they pursued professional help from a financial planner.

Our approach to their concerns was to review all the various income streams they had which included IRA’s, taxable portfolio accounts, Inherited IRA’s and annuities, and various partnership investments. This review also required a review of the potential social security income that would be available to both.

We were analyze various income streams and determine the timing and amount of potential IRA conversions to Roth IRA’s, maximizing social security timing, and worked with their investment management team to reallocate investments for tax efficiency. By reviewing the income streams and paying close attention to the tax ramifications, Steve and Sue now have enjoy and steady and predictable income stream, have reduced their retirement tax burden and have the peace of mind that comes with a clear path forward.