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Preserving Wealth

Comprehensive Retirement Strategies for Affluent Professionals

Retirement has vastly changed over the years. Your grandparents and parents likely relied on pensions, private savings, and Social Security to build a stable income for retirement. Today, there is an increasing burden on people to ensure their assets last through their retirement. These changes demand a new way of planning.

Generally speaking, there are three phases of retirement planning: building assets prior to retirement, transitioning into retirement, and maintaining those assets throughout retirement. For many, the middle phase can be the most challenging. While in this phase, it’s important to identify and capture certain opportunities, including your vision of a successful retirement.

At Presidio Wealth Management, we work with many individuals, couples, and families who are in what we call the “retirement red zone,” which is this middle transition phase. Typically occurring within a five-year time frame, these brief years are critical for bridging the gap between your pre-retirement years (when you were accumulating wealth) and your retirement years (when you’re relying on the wealth you’ve accumulated). This can be overwhelming, which is why it’s critical to have a dynamic retirement plan that is customized to your unique situation. We assist with comprehensive retirement planning, including:

Income Planning

Income planning is a critical element of a solid retirement plan. A major financial goal is to have a consistent and reliable stream of income that will last through retirement. By developing a plan, we can help you address critical questions, like how to shift from retirement savings to retirement income, how to estimate monthly income, and how to ensure those assets last.

Social Security

As you approach retirement, questions and concerns abound. Is the Social Security system financially healthy? How much will my income benefit be? How do I maximize my benefits? When should I begin taking Social Security? We can address your questions and help you determine how and when to claim Social Security.

Investments and Asset Management

Many clients transitioning into retirement are focused less on taking risks and focused more on managing and preserving their wealth. We help you analyze your income sources and determine how to match them with future expenses.

Estate Planning

Many individuals and families don’t just want to make their assets last for their lifetimes; they want to leave a legacy for their heirs. However, the financial side of estate planning is often overlooked and can have the most dramatic impact on one's family. We can assist you in articulating your estate planning needs, and coordinate the work of other professionals who may be needed, including attorneys and CPAs.

Long-Term Care Insurance

Typically not covered by health insurance, long-term care is costly and can significantly deplete assets. Long-term care insurance can help pay for a care plan. We can help you determine opportunities for protecting your assets and retirement income.