how we help
Let’s get started
retirement in katy, texas
Taxes, investments, Social Security, pensions, and savings are all critical parts of your retirement strategy. However, if you’re like most people, it’s all too easy to pay attention to some more than others.
This is often how people end up in a jam by the time they’ve reached their ideal retirement age. For instance, if you overestimate the importance of your stock portfolio, it’s easy to underestimate the importance of your other assets. To get a better handle on what you really need to comfortably hang up your hat at your current job, talking to a reputable financial advisor in Southeast Texas can help.
Following the Rules of Retirement
The most steadfast rule for retirement will always be to understand the bigger picture. From tax planning to wealth management, you’re looking at every possible angle to hold onto your money so you can make it work for you. This may mean purchasing more lucrative investments. Or it may mean streamlining your position in the market, so it’s less likely to hit a nadir if it takes a tumble. No matter what you’re looking for out of your retirement, there’s a strategy for you.
If it ever starts to overwhelm you, you only need to really know a few simple steps.
1. Work out the monthly income you want to have during your retirement years.
2. Let Richard Becker at Texas Retirement Planners help manage a portion of your wealth to maximize your holdings and work towards reaching that income target.
3. Relax while you and your loved ones enjoy the most of your golden years.
schedule an appointment
Services
Retirement Income Planning
As you get closer to your retirement age, the strategies for how to cope with the impending loss of income will vary from person to person. Despite the general advice to save and open an IRA, the reality is that finances are rarely that cut & dry.
Wealth Management
Diversifying your portfolio is one of the first investment rules that everyone learns. Whether you have $1 or $1 million to invest, putting all of your eggs in one basket can turn out to be an irreparable mistake.
Efficient Tax Planning
At Texas Retirement Planners, Richard Becker listens to his clients before he maps out a better tax strategy. Based on your long-term goals, he’ll explain how different opportunities can net you better returns in the future.
Tax-Free Retirement
If you’ve heard of a virtually tax-free retirement, there’s a chance that you assumed it wasn’t an option for you. When everyone is so accustomed to paying the government, it’s hard to even picture an alternate scenario.
Investing
No matter what you read or how you invest, it’s clear that the markets don’t follow a straight line. Assets that were doomed to failure by every expert in the world can shoot up in a heartbeat and vice versa.
Assets Under Management
Physical properties, stocks, virtual assets, art collections: your wealth can look like a patchwork of items to the outside world. To a financial advisor, though, there’s more to it than that.
Retirement Income Planning
As you get closer to your retirement age, the strategies for how to cope with the impending loss of income will vary from person to person. Despite the general advice to save and open an IRA, the reality is that finances are rarely that cut and dry. If you don’t want to end up on the negative
side of the equation, talking to a retirement professional about how to secure your income during your golden years can really make a difference. They can not only tell you how to diversify this income, they can potentially help you to safeguard the wealth yo’ve worked so hard to get. Asset allocation and diversification do not guarantee a profit or protect against a loss in declining market.
How to Plan Your Retirement Income
The goal of retirement income is to cover as much of your monthly expenses as possible, which means looking into as many revenue streams as possible. If you’re in the Southeast Texas area, the staff at Texas Retirement Planners can tell you that this may mean making bigger decisions
about your lifestyle during retirement. For instance, rents from commercial or residential property are some of the most profitable sources of retirement income, though not everyone will want to sign up for this responsibility.
From pensions to Social Security to part-time jobs, the options for retirement income may be more diverse than you realize. Just as you would with investing, the idea is to build as many as possible, so you’re less likely to feel the sting if you lose one or if your expenses suddenly increase due to an unexpected emergency. A financial advisor will be able to steer you toward the right course of action.
If you’re just starting to ask how much do I need to retire, you should know that the answer is too big to fit neatly in a single number. What you’ll want to do instead is lean on a professional who can learn about what you’re really looking for, so your retirement can go as smoothly as possible.
Wealth Management
Diversifying your portfolio is one of the first investment rules that everyone learns. Whether you have $1 or $1 million to invest, putting all of your eggs in one basket can turn out to be an irreparable mistake. Of course, there’s a dark side to diversification too. The more you have, the
easier it is to lose track of what you have. If you’re not staying up to date on all of your returns, you might be surprised at just how much you’re losing.
Wealth management is a financial service that can help you avoid this very pitfall. If you’re paying too much in taxes, investing in the wrong assets, or failing to take advantage of estate regulations, a financial representative can show you how to turn the ship around. Asset allocation and diversification do not guarantee a profit or protect against a loss in a declining market.
Organizing Your Wealth
When people reach a certain net worth, the expectations of managing it all are often unrealistic. Even the most meticulous investors don’t always have the time to keep up with all the local tax codes or industry news. A financial representative in Southeast Texas can not only help provide you with pertinent facts, but they can also help make careful recommendations about how you can allocate your money for results that are suitable for you and your unique situation.
If you have questions about whether it’s in your best interests to open a trust or to defer your capital gain taxes, you want the most suitable answer for your situation. This isn’t information you can find online because it’s specific to your retirement goals and current investment strategy. At Texas Retirement Planners, CFP Richard Becker can help show you how each investment stacks up.
What’s more, his advice is dependent on your relationship with risk. Whether you’re known for taking big chances or not, he’s there to help you find a comfortable balance. For some people, that might mean shuffling money from the markets into real estate. For others, it will mean cutting out certain assets so your portfolio has a clear direction. Whichever path you decide on, you’ll have someone to monitor and manage all of it as you move closer to retirement.
Efficient Tax Planning
Efficient tax planning is a financial service that may sound similar to what a CPA does for clients. While there are plenty of similarities between the two professionals, the reality is that a financial representative will have a different perspective. Both are looking for smarter ways to file, but a financial representative has a much broader context of what you hope to do in the future, and how your taxes could be filed to best reflect your upcoming retirement.
The Art of Tax Planning
At Texas Retirement Planners, Richard Becker listens to his clients before he maps out a tax strategy. He’ll explain how different opportunities can net you better returns in the future. For instance, he might execute a 1031 exchange, which is essentially a way to defer capital gain taxes until a later date. This doesn’t just leave you more liquidity for potential investment, it can mean funneling money into an even more lucrative asset.
He may also explain how charitable donations and trusts can ultimately help you lower your total taxable income so you’re able to move into another tax bracket. Efficient tax planning is the first
step toward the goal of a nearly tax-free retirement, so it’s important to have an idea of which rules affect you and how you can best use them to your advantage. Richard Becker will not only explain how different codes apply, he can also help you prepare for any policy changes. While federal tax codes tend to stay reasonably static over the years, more frequent adjustments in local and state codes in Texas can make a difference to your bottom line.
With a financial representative in your corner, you’ll have someone looking out for your financial well-being all-year round.
Tax-free retirement
If you’ve heard of a virtually tax-free retirement, there’s a chance that you assumed it wasn’t an option for you. When everyone is so accustomed to paying the government, it’s hard to even picture an alternate scenario. However, a financial representative can tell you that the option may be closer than you think. Once you know what options are available to you in Southeast Texas, it becomes a lot easier to see a path forward.
How to Have a Tax-Free Retirement
A tax-free retirement begins and ends with knowing the tax codes and how they relate to your retirement goals. At Texas Retirement Planners, representative Richard Becker first learns about what you hope to do during your golden years. From there, he engineers a financial plan that is most suitable for you and your specific situation.
Whether you’re hoping to live largely off the land you own or you picture yourself as more of a world explorer, minimizing what you pay in taxes can be one of the ways to help you get there. Plus, a tax-free retirement can open more doors in terms of how you allocate your money. For instance, you might defer taxes on a real estate sale by purchasing a new property, one that nets you even stronger returns. Or you might open up a trust for a grandchild that could use some help paying for their Ph.D. You might contribute more to charities that are slowly changing the world.
The local, state, and federal tax codes are a treasure trove for people if they know how to read them. The problem is that most people don’t have the time or the inclination to run through it all and determine what rules can help them keep more of their money. Working with a financial representative can help solve this problem, so you can get the most from your retirement income.
Investing
No matter what you read or how you invest, it’s clear that the markets don’t follow a straight line. Assets that were doomed to failure by every expert in the world can shoot up in a heartbeat. Assets that were praised as being no-risk bets can plummet without warning.
Whether you stay on the safe side of the line or you prefer to try and buck the odds, the right representative can help you get your financial affairs in the right order. If you’re inching toward retirement age, you might be surprised at just how much you can maximize your portfolio with the right person in your corner.
The Art of Investment Advice
A financial representative knows that they have a careful balance to strike when giving investment advice, particularly when each individual client has their own personal experience with risk. The other component is attempting to understand different sectors of the economy. For instance, a software developer is going to have a more in-depth understanding of the technology behind crypto than a financial professional. However, this doesn’t mean that a financial representative won’t have any advice to give about how the market looks and where it’s going.
At Texas Retirement Planners, you’ll work with investment representative Richard Becker, who has helped multiple individuals reach their personal and financial goals. In some cases, that might mean fine-tuning your portfolio so it has a clear focus. In others, it might mean simply alerting you to a new regulation or market demand that could affect the value of your stocks. For instance, if you’re investing largely in local real estate, Becker may be able to keep you apprised of upcoming zoning laws. This kind of information doesn’t always have to result in the sale of an asset, but it can prepare you as to how you’ll handle market changes so you don’t spoil your portfolio. No matter what decisions you make, Becker is there to support you every step of the way.
Assets under management
Physical properties, stocks, virtual assets, art collections: your wealth can look like a patchwork of items to the outside world. To a financial representative, though, there’s more to it than that. Every holding you own can be an important part of your portfolio and, ultimately, your retirement strategy.
Assets under management is a financial service that ensures all of your assets are being consistently evaluated by a professional.
Assets Under Management Strategies in Southeast Texas
When you purchase your first asset, whether that’s a car or a stock, it’s usually an exciting time. You’re branching out and taking chances. You now own something that’s of value, one that can either get you to work or net you some serious profits in the future. Of course, over time, as your
wealth grows, it’s easy to lose track of your assets. When one falls in value, you may not even notice because you have so many other things on your plate.
Assets under management services won’t just look at the valuation of each asset across time, it also ensures that your assets make sense as a whole. If you’re too heavily invested in one area, Becker may help you unload certain assets so the funds can be allocated to more lucrative holdings. Asset services are tied in with your investment strategy, but it goes one step deeper than that.
When your financial representative understands what you want from your retirement, they can better determine what your assets should be and how they should be performing. This isn’t about constantly changing strategies halfway through the game but about making strategic adjustments to your assets that add up to bigger gains. If you’re looking for a professional to help you reach your retirement goals, reach out to Texas Retirement Planners as they can help you find ways to increase your portfolio value over the long-term.
Contact Richard Becker, your trusted financial representative at Texas Retirement Planners, for guidance towards securing your financial future.
Reach out to us today to schedule a consultation and discover personalized strategies tailored to your retirement goals. Let us help you make informed decisions and pave the way to a prosperous retirement.
Phone
(832) 374-0141
address
2717 Commercial Center Blvd. Ste E200
Katy, TX 77494
Let’s Chat