Find Retirement Planning Solutions
Request a Retirement Planning Session here, to discuss your specific questions with competent advisors at no cost to you. Submit your contact information below. We will reach out to schedule a time with you.
- 401(k) Rollovers
- Retirement Accounts
- Pension Plans
- Custom Investment Portfolios
- Life Insurance & Annuities
- Long Term Care Insurance
- Disability Insurance
- Many other useful financial strategies, insights, and solutions.
*Advisory services are offered by Wealth Management CPAs, LLC a Registered Investment Advisor in the state of Utah.
- Tax Preparation
- Comprehensive Tax Strategy
- Gifting Strategies
- Qualified Charitable Distribution
- Estate Tax Mitigation
- Roth IRA Conversions
- Many other useful tax strategies, insights, and solutions.
*Tax Services offered through Wealth Management Tax Solutions, LLC, an affiliated company of Wealth Management CPAs.
Whether you're already retired, or trying to meet goals for your future retirement, we're here to help.
Request a consultation to find retirement planning solutions that align with your specific goals and financial situations.
Frequently Asked Questions
Analysts recommend a retirement income of 80% of your final employment income. The average retirement household income is about $48,000 before taxes and spends about $46,000 per year. The average social security income in retirement is about $40,000 per year.
At our firm, we can determine your ideal retirement income based on your specific wants and needs.
After your retirement income is set, we can design a plan positioning you to achieve it.
You can begin taking social security benefits as early as age 62 (or earlier if you’re the survivor of another social security claimant, or on disability). You can wait until as late as age 70. You only get maximum social security payments if you wait until full retirement age (FRA). FRA varies between age 66 and 67 for people born after 1954. If you begin taking benefits at age 62 your payments will be smaller than if you waited until FRA.
Schedule a complimentary consultation to receive professional advice on which year you should begin taking benefits for the highest payout.
Diversify retirement income sources between social security, pensions, rentals, brokerage accounts, savings accounts, bonds, and more. Reduce your expenses. Pay off your mortgage before retirement. Maximize dividend income and stay below the 15% capital gains tax threshold. Keep IRA and 401K withdrawals low.
At our firm, we can discuss with your how best to structure your retirement plan to maximize tax savings.
Update your property title, and the beneficiary information for your IRA, retirement plan, and insurance policy. Make sure family members know how to access your important paperwork. Gather documentation for your will, trust, and power of attorney into a single file.
At our firm, we can go over your estate, review your legal documents and, if you don’t already have estate paperwork in order, we’ll help you begin the process of creating a will, a trust, and other important estate documents.
Review your 401K payout policy and create an income stream (retirement paycheck) from your savings. Take note of 401K fees and consider rolling it over into a fee-free IRA. Assess all your retirement income strategies.
At our firm, we can transfer your retirement accounts (401k, 403b, TSP) into an IRA. We don’t charge any fees for the service.
Our Financial Professionals
Robert J. Beck, CPA
Rob founded Wealth Management CPAs to be Salt Lake City’s resource on all things in the financial, tax, and estate planning world.
Over the past decade, Rob’s team of attorneys and CPAs have assisted people from all walks of life navigate their investments and retirement planning strategy.
Kelly G. Purser, CPA
Kelly has spent decades working with complex Federal & Utah State tax laws.
Kelly’s approach to tax strategy is comprehensive, and always prioritizes client financial interest first.