Retirement planning is often viewed through the lens of saving enough to enjoy the lifestyle you've always envisioned. But as you approach retirement, the financial skills and strategies required shift dramatically. It's no longer just about accumulation; it's about how you spend your hard-earned wealth in a way that secures your financial future and minimizes tax exposure. At Beacon Hill Private Wealth, we specialize in guiding high-net-worth clients through this critical phase with tailored spend-down strategies that protect your wealth and legacy.

The Importance of a Spend-Down Strategy

As you transition from your working years into retirement, the financial landscape changes. No longer are you accumulating wealth through income; instead, you're managing and spending it. Without a well-designed spend-down strategy, you may find yourself paying excessive taxes or depleting your resources faster than anticipated. Our approach ensures that your wealth is managed efficiently, so you can maintain your lifestyle and leave a lasting legacy for your loved ones.

Customized Strategies for Maximum Benefit

At Beacon Hill, we understand that every client’s financial situation is unique. That's why we develop a personalized spend-down plan that fits your specific needs. Our strategies include:

Tax Minimization: We focus on reducing your tax burden not just for the current year, but over your entire lifetime. This holistic approach ensures that your wealth is preserved for as long as possible.
Retirement Lifestyle Funding: We help you define the exact amount of money needed to sustain your desired retirement lifestyle and create a plan to ensure those funds are available.
Social Security Optimization: Timing is everything. We optimize your Social Security benefits to maximize your income during retirement.
Estate Planning: By updating your estate-planning documents to reflect current tax laws, we help you reduce income taxes and secure your financial legacy.
IRA Conversions and Portfolio Management: We identify opportunities to lower your taxes through strategic IRA conversions, rebalancing, and portfolio management.
Design | Build | Protect Framework: We use a structured planning framework to design your retirement strategy, build it through coordinated investment and planning decisions, and protect it through ongoing monitoring and adjustment over time.

Why Beacon Hill Private Wealth?

Beacon Hill Private Wealth is an independent, fee-only fiduciary committed to putting our clients' interests first. With decades of experience and a deep understanding of the complexities involved in retirement planning, we provide evidence-based solutions that simplify your financial life. Our founder, Tom Geoghegan CFP^®, holds multiple certifications and is a recognized leader in the field, ensuring that you receive expert guidance tailored to your unique situation.

Secure Your Financial Future Today

Don’t wait until retirement to start planning your spend-down strategy. The sooner you begin, the better positioned you’ll be to protect your wealth and enjoy the retirement you’ve worked so hard to achieve. At Beacon Hill Private Wealth, we’re here to help you every step of the way.

Thinking about how this applies to you?

If this topic connects to decisions you’re facing, Beacon Hill Private Wealth helps clients evaluate planning, investment, and tax considerations in context and over time.

Request an introductory conversation

Beacon Hill Private Wealth is an independent, fee-only fiduciary investment advisory firm. Founder Tom Geoghegan works with individuals and families nationwide and has shared insights with national outlets including Bloomberg, CNBC, and Barron’s. View selected media mentions.

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based on third-party data and may become outdated or otherwise superseded without notice. Third-party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this information. Please be advised that Beacon Hill Private Wealth only shares videos and content through our website, Facebook, LinkedIn page, and other official sources. We do not post investment advice on WhatsApp, Telegram, other interactive applications, or other similar platforms. Rather, Beacon Hill provides investment advice only through individualized interactions.

Image by Dave Gerber from Pixabay.