You’ve spent years building your retirement savings. Now it’s time to consider how you’ll turn those savings into income, how much you’ll owe in taxes, and how to make your money last throughout retirement.
At Empower Wealth & Tax, we help Lakeway individuals and families prepare for those decisions through retirement income planning, investment management, Social Security strategies, and estate planning. We focus particularly on tax-efficient retirement strategies and helping our clients understand the financial decisions they’re making.
Since 2005, we’ve helped individuals and families prepare for retirement and make informed decisions about their financial future.
Before we recommend any financial strategy, we want to understand your situation and what you’re working toward. We’ll discuss your retirement savings, income needs, tax considerations, and other financial concerns to determine where planning may be beneficial.
Our services address the financial decisions you’ll face as you prepare for and move through retirement.
When you retire, you’ll need to know where your income will come from and how much of it you’ll actually have available to spend. We review your IRAs, 401(k)s, pensions, Social Security benefits, and other financial resources to develop an income strategy based on your needs. That includes reviewing when to draw from different accounts, how those withdrawals may be taxed, and whether your savings can support your expected retirement expenses.
Many people spend years contributing to tax-deferred retirement accounts without considering what they’ll owe when it’s time to withdraw that money. Taxes on IRA distributions, required minimum distributions, and investment gains can affect how much retirement income you actually receive. At Empower, we help you evaluate these tax obligations and consider strategies such as Roth conversions that may help manage your taxes throughout retirement.
Choosing when to begin Social Security benefits is an important part of retirement planning. Claiming early, at full retirement age, or later can produce different results depending on your circumstances. We help you review those options, taking into account your retirement income, marital status, tax situation, and financial needs.
At Empower, we help you manage your wealth by looking at how your investments, retirement income, taxes, and estate plans work together. We consider how these areas affect your overall financial situation and help you evaluate strategies for managing your assets throughout retirement. As your needs change, we’ll review your plan and determine whether adjustments may be appropriate.
Your investment needs can change as you approach retirement. You may be less comfortable with certain risks or need to begin drawing regular income from your portfolio. We review your holdings, allocation, fees, and investment objectives to determine whether your current strategy remains appropriate. Diversification, market volatility, and your expected income needs are all part of that evaluation.
At Empower, we use tactical asset allocation to evaluate your investments as market conditions change. We review your portfolio, monitor risk, and rebalance when appropriate, taking into account your retirement goals and how much investment risk you’re comfortable with.
An unexpected healthcare expense, disability, or need for long-term care can affect your finances. We help you review your existing insurance policies and determine whether your coverage addresses the risks you’re concerned about. Depending on your needs, that may include evaluating life insurance, disability insurance, long-term care coverage, and Medicare-related options.
When was the last time you reviewed your estate plan? Changes in your finances, family circumstances, or beneficiaries can affect how your assets will be distributed. We help you review your existing plans alongside your investments, retirement accounts, and tax considerations, working with qualified professionals when legal documents need to be updated.
Wills and trusts serve different purposes, and the right arrangements depend on your assets and family circumstances. We work alongside estate planning attorneys and other qualified professionals to help you assess your existing documents, explore trust planning considerations, and understand how your estate arrangements fit into your financial plan.
Planning an inheritance includes considering how different assets will be received and taxed. Retirement accounts, for example, may create tax obligations for the people who inherit them. We review beneficiary designations and potential wealth transfer strategies with you and your estate planning professionals, looking for opportunities to manage the financial impact on your beneficiaries.
Charitable giving can be incorporated into your retirement and estate plans. If you support charitable organizations or intend to make gifts through your estate, we can help you review potential giving strategies and their tax implications. We’ll discuss your charitable priorities alongside your income needs and other financial commitments.
Since 2005, Empower Wealth & Tax has helped individuals and families prepare for retirement, with a particular focus on tax-efficient retirement income. We consider your investments alongside your retirement income needs, Social Security benefits, taxes, and estate planning goals.
We believe understanding your options is an important part of making good financial decisions. We’ll explain our recommendations, answer your questions, and help you consider the strategies that may be appropriate for your situation.
Your initial consultation with Empower is complimentary. We’ll discuss your retirement goals, current financial situation, and any concerns you’d like to address.
This gives us an opportunity to learn about your investments, income needs, and tax considerations. We’ll also walk you through our planning process and explain how we may be able to help.
Our Lakeway office is located at 1213 Ranch Rd 620 S, Suite 202, where we meet with individuals and families throughout the area.
Whether you’re preparing to retire, reviewing your current retirement income plan, or looking for a second opinion on your investments, our team is available to meet with you in person. We can help you evaluate your options and discuss which areas of your financial plan may need attention.
You’ve worked hard to save for retirement. Let’s talk about the next steps.
Schedule a complimentary consultation with our Lakeway team to discuss your retirement goals and learn more about our approach.
