“Before-Retirement’ planning is a very critical stage in preparing for retirement. The retirement plan strategies used in this stage are going to have a drastic effect 5, 15, 25, or more years down the road. Our secured wealth plans are built with the objectives of helping create, grow, and optimize your wealth. 

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Create & Grow Your Wealth

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An investor classified as striving to 'Protect Capital' isn’t willing to tolerate "noticeable downside market fluctuations," and is willing to forego some of the upside potential, relative to the markets, to achieve this goal. This means they really don't want to get their monthly statement and see less money than they had before (unless it was due to their withdrawals).

This type of investor wants their portfolios to provide them with an inflation-adjusted income stream to pay their living expenses. They're either currently depending on their investments to provide them a retirement paycheck or they are expecting this to happen soon. They do not have time to recoup any losses (because they can't go back to work for a multitude of reasons). 

Goals

Strive to obtain an average annual yield of 3% and 7%.

Risks

Most of the money will be guaranteed against losses or managed in a way to mitigate as much investment risk as possible.

Benefits

One of the key benefits is that the assets will stay ahead of inflation.

Objectives

The primary objective is capital appreciation through stable growth and/or a high level of income, and access to your investment is within less than 3 years.

An investor classifed as striving to 'Maintain Wealth' values principal preservation. This investor is comfortable accepting a small degree of risk and volatility to seek some degree of appreciation. This investor desires greater liquidity, is willing to accept lower returns, and is willing to accept minimal losses.

Goals

Strive to obtain an average annual yield of 5% to 10%.

Risks

Most of the money will be guaranteed against losses or managed in a way to mitigate as much investment risk as possible.

Benefits

The assets will produce at a certain level that there is capital appreciation beyond any type of withdrawals.

Objectives

The assets will produce a fairly stable growth and/or a moderate level of income. The investment term is 3 years or more.

An investor classified as striving to 'Meet Investment Objectives' values reducing risks and enhancing returns equally. This investor is willing to accept modest risks to seek higher long-term returns. This type of investor may endure a short-term loss of principal and lower degree of liquidity in exchange for long-term appreciation.

Goals

Strive to obtain an average annual yield of 8% to 15%.

Risks

Most of the money will be guaranteed against losses or managed in a way to mitigate as much investment risk as possible.

Benefits

The accounts will strive to do as well or better than the leading market indices such as the S&P 500, Dow Jones Industrial Average and/or Nasdaq.

Objectives

The assets are geared more towards capital growth and less towards producing just income. The assets are invested with the anticipation of having Royal Wealth Management tactically manage those assets for 5 or more years.

An investor classified as 'Growth Allocation' primarily values higher long-term returns and is willing to accept significant risk. This investor believes higher long-term returns are more important than protecting principal. This type of investor may endure some short term losses in favor of potentially higher long-term returns. 

Goals

Strive to obtain an average annual yield of 10% to 20%.

Risks

Money will be managed in a way to mitigate as much investment risk as possible.

Benefits

The assets will be invested to potentially outperform the more common indices year after year.

Objectives

Assets can tolerate a fair level of fluctuation with the anticipation of potentially very high returns. The assets are invested with the anticipation of having Royal Wealth Management tactically manage those assets for 7 or more years.

An investor classified as 'Aggressively Build Long-Term Wealth' primarily values higher long-term returns and is willing to accept significant risk. This investor believes higher long-term returns are more important than protecting principal. This type of investor may endure managable losses in favor of potentially very high long-term returns. Short term liquidity may not be a concern to this investor.

Goals

Strive to obtain an average annual return of 15% or better.

Risks

Money will be managed in a way to mitigate as much investment risk as possible.

Benefits

The assets will be invested to potentially outperform the indices on an average annual basis by at least double.

Objectives

Assets can tolerate a fair level of fluctuation with the anticipation of potentially very high returns. The assets are invested with the anticipation of having Royal Wealth Management tactically manage those assets for 9 or more years.

Optimize Your Wealth

Look Where Others Aren’t Looking – Fees are only an issue in the absence of value. The problem lies with individuals not knowing the total scope of what they are being charged. Fees are often hidden or not disclosed. Royal Wealth Management values transparency which leads to a greater form of portfolio optimization.

Shifting Around Assets – Royal Wealth Management runs a statistical analysis that generates what we call an “Income Stability Percentage”. This numerical value helps clients realize where they should be allocating funds, what to expect in retirement, and based on desired age of retirement what to expect. The technology is dynamic and can be manipulated in real time once it is set up to determine a comfortable, implementable strategy.

Tax Minimization – One of the largest expenses each year for individuals before retirement is taxes. Understanding how to mitigate such an expense can make significant positive changes in every aspect of a financial plan's success.

‘What If’ Analysis & Review – Our firm believes that an educated client is a comfortable client. At least annually our clients undergo an in-depth analysis and review to provide the “What-If’ scenario given current market conditions. One thing is certain: life happens. Plans built and implemented at Royal Wealth Management are meant to adapt with life changes as the years pass.

Retirement Plan
Contribution Optimization

Chances are your employer offers some type of retirement plan such as 401(k), 403(b) or TSP. These plans are very similar in that they are pre-tax, which means employee contributions to these plans reduce your taxable wages. If you are self-employed, chances are you have or are considering one of the most popular small business retirement plans such as SEP IRA or Individual 401(k). These plans, just like the employer-sponsored plans mentioned above, are pre-tax.

In our experience, not every client contributes the right amount to these plans. Contributing the maximum amount is not necessarily the correct course of action. Royal Wealth Management offers a service that is designed to calculate an optimal amount of annual retirement plan contributions that achieves two goals – reduction of taxable income and an improved withholding optimization. Both of these lead to the reduction of overall tax burden and smarter money management.

While your employer will control the maximum allowable contributions, there may be no such control if you are self-employed. Do not attempt to handle SEP IRA, Individual 401(k), or any other small business retirement plan contributions on your own – you may not calculate the correct amount allowable and as a result can expose yourself to steep IRS penalties.

Always check with Royal Wealth Management before making these contribution decisions. If you would like to embark on the optimization path, which we absolutely encourage you to do, please start by contacting us today to schedule an assessment.

Plan For Your Retirement

"If you fail to plan, you plan to fail." - Benjamin Franklin

Through our 'Secure Wealth Management Plan' process, our team will help remove anxiety and be a calming force in our clients’ lives. Planning for your retirement is not glamorous and tends to shed light on topics that might seem out of reach. Through a combination of unique strategies and customized solutions that are proprietary to Royal Wealth Management, these retirement goals can be made into reality.  

Royal Wealth Management supports clients throughout the entire wealth creation and preservation cycle, while serving as a partner, advisor, and advocate during all aspects of their journey.  

Financial Advisor

What to Ask When Choosing a Financial Planner

Whether you're assessing your current Financial Advisor or searching for a new one, make sure you ask these questions to make sure you're a good fit for each other!

This list includes the list of questions, why they are important to ask, and of course, Royal Wealth Management's answers! Please reach out to us with any questions or to request more information.