Investment Planning
You’re looking to build, protect, and manage your wealth to provide you with the confidence your future deserves.
Our financial advisors work with you every step of the way to deliver personalized wealth management strategies to help you tackle your financial goals. Our approach to planning is dynamic, and we update your plan as needed to reflect changes in your life.
You work hard every day to support your family, and we want to make sure you are making the most sound plan for budgeting, insurance costs, planning for taxes, and saving for your future. This can be a lot to take on by yourself. The team at Hollifield Financial Group has a network of resources to help you develop a financial plan to allow you to feel stable in our ever-changing economic climate.
Retirement is the day that your money works for you, instead of you having to work for your money. Ask yourself, “Will I have enough?” Figuring out the best way to make your savings stretch over the next 25 to 30 years can not only be confusing, it can also be overwhelming. But it doesn’t have to be that way. Insurance products like annuities can provide a steady and reliable income stream for the rest of your life, while investment products create opportunities for long-term growth. We can help you incorporate both in a financial strategy designed to put you on the path to the retirement lifestyle you want.
Each person’s idea of retirement is different. While some people will never quit working, others may slow down, and others will stop working completely. Some want to travel, others want to garden. Others want to turn a hobby into a new business. Regardless of your personal circumstances, we can custom design a retirement and income plan to suit you, keeping in mind that safety, growth, and income are not mutually exclusive.
Retirement planning involves organizing your financial resources to achieve your goals at a predetermined time in the future. When developing a retirement plan, it is crucial to ensure that your company retirement plan or IRA’s, investments, income plan, risk plan, and social security are working together and not against each other. Don’t put all your (NEST) eggs in one basket. You’ve got plans — a lot of them. Wouldn’t it be more fun to focus on your dreams than constantly worrying about what the market’s doing? Diversifying your retirement assets among a variety of vehicles — including a mix of both insurance products and investments, depending on what is appropriate for your situation — may offer you the best chance of meeting your retirement income goals.
Anyone who invests in the market should understand it involves potential risk of principal. So, to provide some security not found in the stock market, you may want to include some insurance products in your financial strategy. These products, such as annuities, can provide supplemental income throughout retirement and protect your money from declines due to stock market losses.
The Social Security program allows you to start receiving benefits as soon as you reach age 62. The question is, should you? From the Social Security Administration’s point of view, it’s simple: if a person lives to the average life expectancy, the person will eventually receive roughly the same amount in lifetime benefits no matter when he or she chooses to start receiving them. In actual practice, it’s not quite that straightforward.
There is no single “right” answer to the question of when to start receiving benefits. Can you afford to “retire early” and claim benefits at age 62, should you wait until your full retirement age, or can you wait until age 70 in order to receive the largest possible monthly benefit?
If you have a spouse, the decision about when to start receiving benefits gets more complicated (particularly if one person’s earnings were considerably higher than the other’s). The timing of spousal benefits should be factored into your decision.
Our Social Security Analysis software can help you figure out how much retirement income you’ll receive at different claiming ages using different claiming strategies and will suggest your optimal benefit age and claiming selection.
Free Portfolio Risk Analysis
Riskalyze helps you assess your investment risk tolerance through a simple questionnaire. By clicking the link below, you can start a personalized risk assessment that aligns your investments with your comfort level. Riskalyze ensures the security of your data while providing insights to optimize your financial decisions.