We offer financial planning and wealth management for retirees and those approaching retirement. Focus areas include retirement income planning, investment management, tax-efficient strategies, asset preservation, IRA and 401(k) rollovers, life insurance, estate and legacy planning. We also assist with healthcare and insurance decisions as part of your broader retirement plan.
We primarily serve retirees and pre-retirees preparing for or enjoying retirement. Our clients also include high-net worth individuals, business owners, federal employees, widows and widowers, veterans, and medical professionals. While these are some of the individuals we often work with, our services are not limited to these groups. We welcome the opportunity to help anyone seeking personalized financial guidance and a comprehensive approach to planning for their future.
Our first meeting is a complimentary, no-obligation retirement review. We discuss your goals, priorities, and concerns across five key planning areas: income planning (retirement & supplemental), investment planning & wealth management, tax planning, risk management & insurance planning, legacy & estate planning. We’ll identify opportunities to help enhance your comprehensive financial plan.
Recent financial documents help make our conversation more productive. Typical items include account statements, Social Security benefit information, most recent tax return, insurance policies, and other relevant documents. We can provide a tailored list based on your circumstances before your appointment.
Start by scheduling a complimentary, no-obligation Retirement Roadmap Review. We'll learn about your goals and gather information about your financial situation. If we recommend further analysis, we’ll schedule a follow-up to share detailed planning suggestions and next steps.
We’re compensated through advisory fees and commission-based services, depending on the products and services recommended & implemented that you choose. Investment advisory relationships usually use an assets under management (AUM) fee, while certain insurance products may involve commissions. We’ll explain compensation methods based on your choices.
Yes, when we are offering or recommending investment advisory products and services. As an independent firm, we prioritize transparency. We clearly explain our product and service recommendations and compensation during the planning process, so you can make fully informed decisions. We encourage questions and a clear understanding before moving forward
A Roth conversion moves funds from a traditional IRA or eligible qualified retirement plan account into a Roth IRA. The converted amount is generally taxable in the year of conversion. Many use Roth conversions as part of retirement and tax planning strategies.
*Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
A 401(k) rollover is an option when you retire or leave an employer. Assets can stay in the employer plan, move to an IRA, or transfer to another eligible account. We help you evaluate investment options, fees, withdrawal flexibility, and retirement goals to choose what’s ideal for you.
Retirement income may come from Social Security benefits, pensions, retirement accounts, investments, annuities, and savings. A solid income strategy coordinates these resources to help meet your needs throughout retirement, factoring in taxes, inflation, and confident withdrawal rates.
Retirement doesn’t eliminate taxes. You may pay taxes on withdrawals from traditional retirement accounts, pensions, investment income, and possibly part of your Social Security benefit. Understanding tax impacts on each income source helps you make informed decisions.
Choosing when to claim Social Security benefits can affect your lifetime income. Factors include eligibility, health, marital status, income needs, and retirement goals. We help analyze various claiming strategies to help identify what ideally fits your situation.
Retirement income planning organizes your resources to support spending needs in retirement. It considers income sources, expenses, investments, taxes, healthcare costs, and long-term goals, aiming to provide stable income throughout retirement.
The amount needed for retirement depends on your lifestyle, expenses, income sources, healthcare costs, and retirement length. Instead of focusing on a single number, we help assess whether your resources align with your retirement goals—through ongoing reviews and planning.
An annuity is a contract with an insurance company that can provide income payments, growth potential, or principal protection. There are several types, each with unique features and costs. We’ll help you understand if and ways an annuity may fit into your overall retirement plan.
To manage investment risk, strategies can include diversification, proper asset allocation, maintaining cash reserves, and evaluating investment choices based on your financial goals & objectives, risk tolerances, and time horizons. The right approach varies individually.
Legacy planning helps arrange how your assets, values, and financial resources transfer to heirs or charities. It involves evaluating beneficiary designations, estate planning legal documents, tax implications, and transfer goals—often in coordination & collaboration -- with your permission -- with your legal and tax professionals. FYRA Capital Management has a strategic partnership with tax professionals and attorneys who can provide tax and/or legal advice, if needed.
Yes. Retirement planning covers cash flow, investments, taxes, insurance, healthcare, and legacy goals, all of which may impact each other. A coordinated review helps ensure these areas fit together in your comprehensive financial plan.
We focus on five key areas: income planning (retirement & supplemental), investment planning & wealth management, tax planning, risk management & insurance planning, legacy & estate planning. Reviewing them together offers a broader perspective on retirement readiness and highlights any areas needing extra attention.
After your review, we may request more detailed information to deepen our understanding of your situation. If further analysis is needed, we’ll schedule a follow-up to share observations and discuss strategies. There’s no cost for these meetings, and you decide if you’d like to continue.