You’ve spent years building your retirement savings, but how much of that money will you be able to keep? At Empower Wealth & Tax, we help Horseshoe Bay individuals and families evaluate these decisions through retirement income planning, investment management, Social Security strategies, and estate planning. We focus on tax-efficient retirement strategies and educating our clients so they can make informed decisions about their financial future.
Since 2005, we’ve helped individuals and families prepare for retirement, and our Horseshoe Bay office gives you the opportunity to meet with our advisors in person.
At Empower, we review your IRAs, 401(k)s, pensions, investment accounts, and Social Security benefits to help determine how you’ll cover your expenses once you retire. That includes evaluating when to withdraw money from different accounts, how those withdrawals may affect your taxes, and whether your expected income will be sufficient to support your retirement needs.
Your retirement savings need to support your income needs after you stop working. We help you review the resources available to you, including IRAs, 401(k)s, pensions, investment accounts, and Social Security benefits. From there, we evaluate potential withdrawal strategies, expected income needs, and the taxes associated with different sources of income.
If most of your retirement savings are in traditional IRAs or 401(k)s, you’ll generally owe income taxes when you withdraw that money. Required minimum distributions can also increase your taxable income, even if you don’t need the money for living expenses.
At Empower, we help you prepare for those obligations by reviewing potential strategies such as Roth conversions, planning the timing of withdrawals, and evaluating how different income sources affect your taxes. We want you to understand what you may owe and what opportunities exist to manage those costs.
When deciding the right time to claim Social Security, your age, marital status, other retirement income, and financial needs must be factored into the equation. At Empower, we help you evaluate your options and consider how the timing of your benefits may influence your overall retirement income.
The decisions you make about your investments can affect your retirement income, taxes, and estate plans. At Empower, we review these areas together to help you understand how one financial decision may influence another. We consider your current assets, income needs, and long-term plans when evaluating wealth management strategies, and we’ll discuss potential adjustments as your circumstances change.
Do you know how much risk you’re taking with your investments and what you’re paying in fees? At Empower, we review your portfolio’s performance, investment costs, diversification, and exposure to market risk. We also consider how your investments will provide income in retirement and whether your current strategy still makes sense for your financial situation.
At Empower, we use tactical asset allocation to review and adjust your investments as market conditions change. We periodically evaluate your portfolio, consider your retirement goals and risk tolerance, and rebalance when appropriate. These adjustments are intended to help manage investment risk while keeping your portfolio aligned with your financial needs.
A significant healthcare expense or unexpected change in circumstances can have financial consequences during retirement. We review your existing insurance coverage to identify potential gaps and help you evaluate whether additional protection makes sense. Depending on your situation, we may discuss life insurance, long-term care coverage, disability insurance, and Medicare-related options.
Keeping your estate plan current is an important part of managing your assets. Changes to your financial situation, family circumstances, or intended beneficiaries may affect how you want your estate handled. We help you review your retirement accounts, beneficiary designations, investments, and related financial considerations, coordinating with estate planning professionals when legal guidance is needed.
A will or trust can play an important role in determining how your assets are managed and passed on to your beneficiaries. We work with qualified estate planning attorneys and other professionals to help you evaluate your existing arrangements and determine whether they still reflect your wishes. We also consider how your estate documents fit into your retirement and tax planning.
The type of assets you leave to your beneficiaries can affect the taxes they owe. Traditional retirement accounts, for example, are subject to different inheritance considerations than some other assets. We help you and your estate planning professionals review potential transfer strategies, beneficiary arrangements, and opportunities to manage the tax implications of an inheritance.
If charitable giving is part of your financial goals, we can help you evaluate when and how to make those contributions. Whether you support organizations during your lifetime or intend to leave charitable gifts through your estate, we’ll review potential giving strategies and their tax considerations alongside your retirement income needs.
Since 2005, Empower Wealth & Tax has helped individuals and families prepare for retirement, with a particular emphasis on tax-efficient retirement income. We consider how investment decisions, Social Security benefits, and withdrawals from retirement accounts can affect the income you receive and the taxes you pay.
We believe you should understand how those decisions affect your retirement before making them. Our advisors explain their recommendations, answer your questions, and discuss the potential advantages and drawbacks of different strategies so you can make informed decisions about your money.
Your first consultation with our team is complimentary. We’ll start by getting to know you and discussing your current finances, retirement goals, and any questions you’ve been considering.
We may discuss your investments, sources of retirement income, tax concerns, and other financial priorities. We’ll also explain how our planning process works and where our team can help.
Our Horseshoe Bay office is located at 9000 Ranch to Market Rd 2147, Suite 211, where we meet with clients from Horseshoe Bay, Marble Falls, and other communities throughout the Highland Lakes area.
Our team works with individuals and families who are preparing for retirement, managing retirement income, or reviewing their investment and tax strategies. If you have questions about your financial plan, you can schedule an appointment to discuss them with one of our advisors.
You’ve worked hard to save for retirement. Let’s talk about the next steps.
Schedule a complimentary consultation with our Horseshoe Bay team to discuss your retirement goals and learn more about our approach.
