Make Smarter Choices With Your Money
For those in retirement, financial decisions in this stage of life require very careful planning since the needs of retirees are distinctly different than in the wealth-building years. In this phase, the primary focus is preserving your wealth and ensuring that your income needs are fully met.
Having a precise understanding of your current financial position and money needs is critical in this stage. Mayes Financial planners will prepare a comprehensive income and assets report to set the groundwork for selecting the best financial strategies for you. From there, we will propose the most appropriate solutions for investments, income planning, estate planning, social security and more based on your individual needs.
Most of us spend our working years saving and accumulating retirement assets or climbing the mountain to retirement. But not everyone has a plan to safely get down the other side. At Mayes Financial Planning Nampa, we firmly believe comprehensive income planning is the cornerstone to successful retirement years. We can help identify your guaranteed income while also helping you fully understand your expenses. Your income plan is a roadmap to financial independence and we provide comprehensive retirement advice to keep you on track to meet your goals.
Do you know if you are taking on too much risk or not enough risk to reach your retirement goals? Through our comprehensive financial planning process, we will analyze your current portfolio's risk level and provide investment guidance to ensure your investment strategy is aligned with your long-term goals. At Mayes Financial planning, we help our clients build a customized portfolio that is focused on achieving long-term financial goals instead of simply chasing the market. We believe in not just making money, but helping you hold onto it too.
There are three major risks and unknowns those planning for retirement face: the rising cost of health care, inflation and longevity. At Mayes Financial planning, we provide asset protection strategies and guide you through the options available for managing risk. From self-funding your future health care costs to utilizing hybrid long-term care insurance products, there are many ways to ensure you do not outlive your envisioned lifestyle and plan for your retirement.
As you move into the later stages of life, your estate plan will offer you peace of mind that your assets will care for your family for years to come. Mayes Financial Planning offers thorough estate planning to address even the most complex planning needs. We work to protect and grow clients' assets and prepare to pass them on to your heirs and charities.
Mayes Financial Planning will help you understand how different investments are taxed so you can make the right investment decisions. We will work with your current tax advisor or CPA to ensure your Retirement Plan is aligned to minimize taxes. We believe that proper tax planning is based on being proactive rather than reactive, and will help you understand the value of year round tax planning, instead of waiting to the last minute.
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While tax and legal and estate issues may be discussed in the general course of financial and investment planning Mayes Financial does not provide tax or legal advice. Please consult with your tax or legal professional prior to making decisions relative to these issues. Investment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor, Insurance, Consulting and Education services offered through Mayes Financial. Mayes Financial is a separate and unaffiliated entity from Advisory Alpha. Access the Firm ADV and Form CRS