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We make the complex simple

Retirement Income

For baby boomers, the most difficult planning to do is converting from being an accumulator of assets to a spender.  Today, many pre-retirees find the various options of creating retirement income quite daunting.

Social Security and retirement plan/pension plan distribution planning are two of the most sought-after services we provide.

Your investment choices are broad, as we are an independent practice, not tied to a particular company’s product.

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PERS and ORP

We work extensively with the Public Employee Retirement System (PERS) of Mississippi and the Optional Retirement Plan (ORP).  We are well acquainted with the various options for retirement and can consult on retirement issues, such as those issues surrounding the PERS defined benefit plan. We also help our clients understand the unique challenges that state employees face when retiring under the Optional Retirement Plan (ORP).

CSRS, FERS, and Thrift Savings Program

We have over 35 years of experience with the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) advising. We are familiar with calculating how much income to expect based on your years of service and how many years you plan to continue to work.  Also, many employees of CSRS may not receive social security benefits, and we will evaluate how this will impact your situation.

FERS and CSRS employees have access to the Thrift Savings Plan which is similar to a 401k or 403b plan. We can help choose from the investment options to optimize your asset allocation and make sure you take advantage of any matching programs.

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Long-Term Care

Long-Term Care (LTC) planning is not the purchase of insurance to cover the cost of care caused by advanced age or incapacity. LTC planning is the discipline of thinking through all the “what-if” situations and the options available.

We often hear our clients’ children tell their parents not to worry about their long-term care because the children will provide for them. While our clients’ children have the best of intentions, the reality is they may not be equipped to provide the level of care needed.

  • Can a child take time off from work to stay home and care for a parent?
  • Are children prepared to provide the necessary physical care for their parents?

We listen for the nuances of what your family wants to help you make these difficult decisions.  We also work with a local team of Elder-Care attorneys to tie long-term care planning with the overall estate plan. 

Education Planning

The options for setting aside education funds for children and grandchildren have grown exponentially over the past two decades! We can help you determine an appropriate strategy to save for private primary school as well as college and advanced degrees. We are well versed in:

  • 529 Savings Plans,
  • Coverdell Plans,
  • state-specific plans (MACs and MPACT),
  • or private trust.

We help you take advantage of the reduction of the estate and income taxes techniques.

* Raymond James does not provide advice on tax or legal matters. Please discuss these matters with the appropriate professional.

HENRY Program

Many young investors may not have access to quality advice since they have not accumulated a large number of investment assets.  HENRYs are often self-made and have worked their way through school or up the ladder and are at the beginning of their accumulation stage.

We designed our HENRY program (High Earners but Not Rich Yet) for those who have discretionary income, are serious about their money, and willing to commit to a monthly savings plan.  We will go through our full financial planning process with you and address any risks that could derail your plan!

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Business Planning and Exit Strategies

Since many of our clients are small business owners, we work with retiring business executives and business owners on “exit-planning” strategies for retirement, death or disability.  Our business planning includes strategies:

  • to protect against loss of a key employee
  • help spouses or family receive the value of the business in the event of death or disability of the business owner.