Retired Individuals

Income Management and Distribution

Develop a sustainable withdrawal strategy from their retirement accounts (401(k), IRAs) to help their savings last throughout their retirement.

Advise on planning out your Social Security benefits and integrating them with other income sources.

Help them manage pension distributions, if applicable.

Tax Planning Strategies

Develop strategies to help minimize taxes in retirement. This could involve Roth conversions or utilizing tax-efficient accounts like Health Savings Accounts (HSAs).

Help them understand tax implications of different retirement income sources and withdrawals.

Investment Management

Review their current investment portfolio and risk tolerance.

Recommend adjustments to their asset allocation for a more income-focused and potentially conservative mix suitable for retirement.

Develop strategies to help manage investment risk and potential market fluctuations to protect their nest egg.

Healthcare Planning

Help them navigate Medicare enrollment and explore supplemental insurance options (Medigap, Medicare Advantage) to cover potential medical expenses.

Factor potential healthcare costs into their overall retirement budget.

Estate Planning Strategies and Updates

Review estate plan (will, power of attorney) reflects their current wishes and beneficiary designations.

Discuss potential options for managing estate taxes and efficiently passing on wealth to beneficiaries, considering any changes in family circumstances.
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Retirement Spending and Budgeting

Discuss their charitable giving goals and explore options for integrating them into their financial plan (donor-advised funds).

Help them develop a legacy plan that reflects their values and ensures their wishes are carried out after their lifetime
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Legacy Planning and Philanthropy

Discuss their charitable giving goals and explore options for integrating them into their financial plan (donor-advised funds).

Help them develop a legacy plan that reflects their values and ensures their wishes are carried out after their lifetime.

Ongoing Support and Monitoring

Regularly review their financial plan and make adjustments as necessary based on market changes, lifestyle adjustments, or unexpected events.

Provide ongoing guidance and address any questions or concerns that may arise throughout their retirement.

"Retire the way you deserve.”

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SKYE WEALTH MANAGEMENT

cortnie.beaver@prudential.com

 
223-386-6521
 
20140 Scholar Drive • Suite 311 • Hagerstown, MD 21742
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www.finra.org                                                                       www.sipc.org                                                          LPL Enterprise Form CRS

Cortnie Beaver is a Financial Planner with, and offers securities and investment advisory services through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.

LPLE and LPL Financial are not affiliated with Skye Wealth Management.

The LPL Enterprise registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.

Skye Wealth Management does business in the following states:

Securities: DC, MD, PA, VA, WV       Variable Life Insurance: DC, MD, PA, VA, WV

Mutual Funds: DC, MD, PA, VA, WV       Fixed Annuities: DC, MD, PA, VA, WV

Life Insurance: DC, MD, PA, VA, WV       Variable Annuities: DC, MD, PA, VA, WV

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.