Summit Wealth Managed Retirement Program

  • Typical client is a couple in their 50s or 60s (less than 10 years from retirement or already retired
  • A few big decisions to make
  • Retirement projections, 401K review and recommended allocations, 10 year & 30 year cash flow model, social security analysis, pension analysis, potential downsizing of the home
  • Turning assets into income is the focus
  • RMDs, tax efficient retirement (mini Roth conversions, charitable planning)

Case Study - Mitch & Debbie

  • Mitch & Debbie are feeling like they could use some advice. They have a lot of decisions to make and could use an outside perspective.
  • They both want to retire in the next 5-10 years and aren’t sure if they are on track. They know they need to max out their 401K plans at work, but what else should they be doing to maximize their retirement game plan?
  • They have a stock broker but he’s never developed the type of road map they need to feel secure about their retirement. What kind of monthly income will they have, where will it come from, how dependent will it be on the stock market?
  • What about social security, should they take it now, wait as long as possible, or something in between?
  • And Debbie has a pension from her former employer, how will that impact things?
  • Mitch & Debbie could benefit from Summit’s Managed Retirement Program. This program will address of these concerns and more as it also includes a review & strategy plan around tax planning, estate planning, and charitable planning.
  • The initial fee for this program ranges from $2,500 to $5,000, depending upon how complex a person’s financial situation is.
  • A typical client in this program will have around $1M of investable assets which the firm will help manage through their independent custodian, Charles Schwab.
  • And as long as they maintain at least $500,000 in managed assets with the firm, Summit will waive the Managed Retirement Program planning fee in years 2 and beyond