Helping you end financial dependence.

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Independent, diversified, knowledgeable.

Every day, we help guide clients just like you to their financial goals. We know what tools fit the varied needs and desires of those planning for retirement. We also know the tools and strategies that get you to retirement aren’t always the same as those that will take you through retirement. The 7 Steps to End Dependence™ aligns your goals and dreams with the right actions steps.

The 7 Steps to End Dependence

timeline

  • Understand

  • Analyze

  • Segment

  • Generate Income

  • Manage

  • Tax Optimization

  • Review & Realign

Understand

Understand

Before we talk numbers, it’s important to understand the hopes, wishes and concerns specific to your retirement. What excites you about your golden years? Whether it’s more travel, serving more at church or spending time with your grandkids, understanding what drives you is key to creating your tailored plan. Additionally, our team wants to know what keeps you up at night when it comes to retiring. Some common concerns we help address are:

  • Do I have enough money?
  • Will I need to go to back to work?
  • If the stock market drops, can I still live comfortably?
  • Will my spouse have enough income when I’m gone?
  • How can I plan for long-term care without the use of insurance?

These are some of the most common questions our team can provide guidance on once we fully understand your situation.

Analyze

Analyze

If our team believes we can provide guidance on your expectations and concerns, our advisors will create a custom checklist of important items to gather for analysis, including:

  • Most recent 401(k), IRA and Roth IRA statements
  • Most recent Social Security statements
  • Pension statements
  • Previous year’s tax return
  • Property values
  • Insurance contacts

Once our team receives the requested documents, our advisors can begin the analysis process.

Segment

Segment

After analysis is completed through our Retirement Analyzer software, our advisors will plan a Zoom or in-person visit where they can review a proposed segmentation strategy for your retirement. During this meeting, Michael and Tyler will walk you through the main “buckets” our team has segmented, including:

  • Short-, mid- and long-term money
  • Emergency reserves
  • Fully liquid growth money
  • Semi-liquid preservation money
  • Income stream

Implement

Implement

Once you have reviewed the proposed segmentation strategy, you decide what to set in motion. Whether that’s to move forward with all, some or none of the proposal, our team will help you implement the strategies you are most comfortable with while also discarding the ones that are not aligned with your wishes.

Manage

Manage

For most of our clients, a managed investment account plays a role in creating a holistic retirement income plan. Our team of CFAs will manage your investments by helping you properly align with your risk tolerance, risk capacity and time horizon.

Realign

Realign

Although a plan may have a time horizon of 30 years, life happens. Goals, priorities and circumstances can change and the economic environment is an ever-shifting landscape. This is why our team will review your plan on an annual basis to help ensure it is still in alignment with your goals set at the beginning of the process. Most plans require only slight modifications during these reviews; nonetheless, it is critical that our team meets annually to review and realign your retirement income plan.

Tax Optimization

Tax Optimization

Taxes are not expected to ever disappear; however, they are expected to change with time. Throughout the entire planning process, we utilize a strategic approach to tax optimization to help guide you in understanding which “buckets” to utilize in a tax-efficient order. Our team does not replace the tactical and filing needs of a CPA; however, we can provide guidance on important tax strategies such as:

  • Required minimum distributions
  • Qualified charitable distributions
  • Roth conversions
  • Social Security tax optimization

Questions people ask

ANSWER

In our opinion, an independent financial practice operates autonomously, offering unbiased and personalized financial planning and investment advice that focuses on the client’s retirement goals and objectives, without the influence of external corporate entities.

ANSWER

We offer comprehensive retirement planning services including analysis and management of investments, tax optimization strategies and a custom-tailored approach to meeting your retirement goals through our 7 Steps to End Dependence™ process.

ANSWER

We accommodate our clients’ preferences and schedules by offering both virtual and in-person consultations, helping create convenience and personalization in every interaction.

Did we miss something? Ask us a question

retirement-income
Grow Your Income

Retirement Income Strategies

Unlike the working years, where you’ve likely drawn a regular paycheck, at retirement it’s time to pay yourself. Are you ready to tap into your savings in a strategic way so that you continue to create an income stream you won’t outlive? We can help.

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wealth-management
Grow Your Income

Wealth
Management

We offer a suite of services to affluent clients who are looking for a comprehensive approach to their financial future, all in one place. We’ll help you with comprehensive guidance to help reach the goals and dreams you’ve been envisioning.

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annuities
Grow Your Income

Annuities
 

Annuities are financial tools that can help you create a stream of income that you can’t outlive. But today’s annuities aren’t like those of your parents or grandparents. There are many ways to tailor annuities to fit your needs. We’ll help you compare your options.

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investments
Grow Your Income

Investments
 

Whether you prefer to “set it and forget it,” or you want to more actively participate in your investments, we can help you design an investment strategy that matches your risk tolerance and goals. And we know that risk tolerance changes as life happens — so we plan for that, too.

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ira-401k-rollovers
Grow Your Income

IRA/401(k)
Rollovers

We can help you evaluate your current IRAs and 401(k)s to determine if a rollover is appropriate for your situation. Whether you’re looking to access the tax-advantaged options a Roth IRA provides, to consolidate accounts or to explore other savings avenues, we can help.

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asset-protection
Preserve Your Assets

Asset Preservation Strategies

We keep our eyes on the horizon so you can enjoy your retirement. We’ll design a strategy to help you minimize risk: including the risks of market loss, inflation or liquidity (not having cash accessible when you need it).

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life-insurance
Preserve Your Assets

Life Insurance
 

Life insurance can play an important role in an overall financial strategy — both to protect yourself and your loved ones should the unthinkable happen and in some cases to help preserve your assets for future generations.

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tax-efficient
Preserve Your Assets

Tax-Efficient
Strategies

Taxes can take a bigger bite out of your retirement income — or your legacy — than you may be expecting. We can help you develop tax-efficient strategies that fit your overall financial plan, so more of your hard-earned dollars go to you and your loved ones.

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ira-legacy
Pass It On

IRA Legacy
Planning

How you approach your financial planning today defines what your legacy to your loved ones will look like after you’re gone. We can help you understand and employ strategies to help ensure your assets are passed to those people or causes you love.

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long-term care
Preserve Your Assets

Long-Term Care Strategies

For retirees, outliving good health can be both a mental and financial blow. Accounting for future long-term care needs not only helps lift a weight off your shoulders today but can help your loved ones breathe a sigh of relief down the road.

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We can also refer you to professionals who provide the following services:

Trusts       Probate       Charitable Giving       Estate Planning       Tax Planning

Endependence Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. AEWM does not offer insurance products.

Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Investing involves risk, including the potential loss of principal. Endependence Financial is not affiliated with or endorsed by the U.S. Government or any governmental agency.

Our team is accepting new clients.

We would love to hear from you.

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