At Rhodes & Associates, our financial professionals offer comprehensive wealth management and financial planning services, working with individuals, business owners, and executives in our local Michigan community, as well as across the country. We can assist clients with a wide array of services, including:
Retirement Income Planning
Income planning is a critical element of a solid retirement plan. A major financial goal is to have a consistent and reliable stream of income that will last through retirement for both the client and their spouse. By developing a plan, we can help clients address critical questions, like how to shift from retirement savings to retirement income, how to estimate monthly income, and how to help ensure those assets last forever.
As Baby Boomers approach retirement, questions and concerns abound. Is the Social Security system financially healthy? How much will my income benefit be? How do I maximize my benefits? When should I begin taking Social Security? We understand the complexity of Social Security and we can address our clients’ questions and help them determine how and when to claim Social Security.
Investments and Asset Management
Many clients transitioning into retirement are focused less on taking risks and focused more on managing and preserving their wealth. We help clients analyze their income sources and determine how to match them with future expenses.
Many individuals and families don’t just want to make their assets last for their lifetimes; they want to leave a legacy for their heirs. However, the financial side of estate planning is often overlooked and can have the most dramatic impact on one's family. We can assist clients in articulating their estate planning needs and coordinate the work of other professionals who may be needed, including attorneys, CPAs, and trustees. Whether a client wishes to use a trust or other method, we offer guidance regarding today’s confusing estate planning laws.