What happens at the first visit? Do I need to bring anything?
We’ll get to know each other, answer any questions you have and find out if we are a good fit. To make the most of the visit, we recommend you bring your financial statements; however, it is not required.
What if I am already getting advice from an advisor or professional, how can I work with you?
We work with clients on many different levels. Most of our clients have or had another advisor at one point. At the very least, we will provide you with a second opinion to see if there is room for improvement.
Is there a charge for the first visit? How do you get paid?
No, there is no charge for your first visit.
Our fee depends on the size of your investments as well as your areas of concern. We will address all charges during our first visit. Most of our clients pay a management fee under 1%.
Who would benefit from a visit with you?
Anyone planning for retirement or currently retired and looking for ways to help minimize the impact of taxes and/or create a formal retirement income plan.
What type of financial scenarios do you work with?
As an independent firm licensed in both securities and insurance, there are many investment vehicles we can utilize — simple and complex — depending on individual circumstances.
Do you work in a fiduciary capacity?
Yes.
How long is the first visit, and where are you located?
The first visit is typically an hour.
We are located at: 150 Morristown Rd., Suite 201, Bernardsville, NJ 07924
Key Retirement Age Milestones
Label
Age 50
- If you have a 401(k), 403(b), TSP or 457 plan and you’ll be 50 by the end of the year, you can make a $7,500 catch-up contribution on top of the standard $23,500 limit.1
- If by the end of the year, you can make an additional $1,000 catch-up contribution to a traditional or Roth IRA.1
- If you’re a public safety employee who’s 50 or older and retired, quit or got laid off, you can avoid the 10% early withdrawal tax on your employer’s retirement plan.2
- If you are a widow or widower who was disabled within seven years of your spouse’s death, you may be eligible to draw Social Security survivor benefits.3
2020-01-01
Age 55
- If you retire, quit or get laid off in the year you are 55 or older, you may take a distribution directly from that employer’s retirement plan without paying the 10% early withdrawal tax. Any pre-tax distributions will be taxable. If the monies are first rolled to an IRA, the age 55 exception will no longer apply.2
2021-01-01
Age 59½
- You may take a withdrawal from an IRA, 401(k), 403(b) or other employer-sponsored plan without a 10% early withdrawal tax. If you are still an active employee, the employer’s plan must permit an in-service non-hardship withdrawal. Pre-tax distributions are still taxable as ordinary income.
2021-01-01
Age 60
- If you are a widow or widower (and not disabled), 60 is the earliest age at which you may be able to file for survivor benefits. Talk with your financial professional for more information.
- Workers who are ages 60-63 can make a higher catch-up contribution to their 401(k) plan of $11,250 instead of $7,500.1
2021-01-01
Age 62
- At age 62 is the earliest you can claim Social Security retirement or spousal benefits – although doing so could reduce your monthly retirement benefit by 25% to 30% of your benefit at normal retirement age.4 You may file online up to four months prior to your 62nd birthday at ssa.gov.
2021-01-01
Age 65
- Age 65 is the age at which you generally are eligible for Medicare.
- Unless a special enrollment period applies to you, failure to enroll within your seven-month initial enrollment period could cause a lifelong monthly penalty to your Medicare Part B and Part D prescription drug plan.5 Talk with your financial professional about your specific situation.
2021-01-01
Age 66-67
- When you reach your full retirement age, you’ll be able to collect 100% of your Social Security benefit – a 30% higher benefit than if you decide to file at age 62.
- Your full retirement age is based on the year you were born: 1943-1954, age 66; 1955-1959, age 66-67; 1960 or later, age 67.6
2021-01-01
Age 70
- At 70, you stop earning monthly delayed retirement credits on your Social Security retirement benefit. If you have not yet filed for benefits, do so now.6
2021-01-01
Age 73
- If your 73rd birthday was January 1, 2024, or later, you must begin required minimum distributions from your traditional IRAs and workplace retirement plans (unless you’re still working and have a qualified plan) by April 1 of the year following the year you reach age 73. All subsequent RMDs must be taken by Dec. 31 of the year in which they’re due.7
Note: RMDs have complicated rules, so talk with your financial professional about your specific situation.
1 https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000
3 https://www.ssa.gov/survivor
4 www.ssa.gov/benefits/retirement/planner/agereduction.html
5 https://www.medicare.gov/basics/costs/medicare-costs/avoid-penalties
6 https://www.ssa.gov/benefits/retirement/planner/delayret.html
7 https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs
Ready to Take The Next Step?
For more information about any of our products and services, schedule a meeting today or register to attend a seminar.
