Capita begins by building a cash flow for Melissa. This allows her to better understand and visualize what her retirement income from Social Security, pension & investments will be, taking into account taxes and inflation.
Capita will build a pension analysis to help Melissa decide which of the 18 filing options are best for her and her family. This analysis will also help Melissa decide whether the partial lump sum option is the best fit for her long term financial goals. We will provide both the pros and cons as this decision is completely based on the individuals financial needs and circumstances. Once she decides, Capita will then help hernthroughout the entire submission process.
Capita will guide Melissa through the many different social security filing strategies. We will take into consideration her age, life expectancy, need for income and marital situation. Coordinating her social security strategy with that of her husband's will be critical to their success in retirement.
Through Capita's network, we will assist Melissa with her transition to private health insurance or Medicare ninety days before she retires.
Capita will create an individualized investment portfolio to help Melissa understand all of her investment options. This portfolio will provide a level of protection against possible market losses as well as long term growth assets to hedge against inflation risks. A diversified portfolio will minimize the risk of running out of money in retirement.
Capita will ensure that Melissa is maximizing her current tax bracket. As she continues to work, we will encourage optimization of all company sponsored plans such as 401(k), 403(b), and HSA.
Here at Capita, our team commits to support Melissa before, during and after retirement.