Broker Check

Transitions

More than likely a person might approach pre-retirement or retirement with a specific life’s transition problem(s), as opposed to looking for someone to do their investing. These are the issues needing immediate problem solving. Some of these transitions may be as follows:

  • How best to handle 401k, 403b, 457 plans prior to retirement
  • Optimum age for taking Social Security
  • If and when to convert a Traditional IRA to a ROTH IRA
  • Devise a plan to replace a salaried income with Social Security, pension, and nest egg funds
  • Determine your risk tolerance to guide your investments
  • Create a dynamic retirement cash flow for peace of mind throughout retirement.
  • Creating a retirement budget
  • Consideration of income tax issues
  • Steps for setting up a will/trust
  • What insurances to maintain or delete
  • Long term care insurance, applicable or not
  • Medicare and supplemental health insurance decisions
  • Downsizing, selling and/or buying a home
  • Buying a vacation home
  • Refinancing a loan
  • Acquiring a home equity loan or line of credit
  • Buying/selling a business
  • Buying a new vehicle
  • Working through widow/widower issues
  • Consideration of part-time work options or volunteer work

These transitions can generate the greatest need of assistance with people, which allows Mr. Kolman the opportunity to be their coach, creating a more meaningful and enduring relationship.