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Robert

63 years old
Lab Technician
Works full time for a local hospital as a caregiver
$50k-$100k
403(b), company sponsored pension, and Profit Sharing Plan
Widower who remarried at age 60. He has 3 children who are grown and independent. 
Wants to retire at age 65, make the correct pension decision, and live comfortably throughout retirement.

The Challenges

Do I have enough money?

Robert is unsure if he will have enough money to retire comfortably.

Social Security & healthcare?

Robert is confused about healthcare options and how to maximize his social security benefits.

My pension option?

Robert does not know whether to choose from a monthly or lump sum option on his pension.

My 401(k) & 403(b) investments?

Robert would like to know if he is investing his 403(b) correctly. He has an insurance agent and 403(b) representative, but no one who is looking at all of his retirement details.

The Capita Solution

o Social Security:

Robert has worked for the same employer for the last 15 years. During that time, he has not been contributing to social security. Our advisors at Capita will help him understand the consequences of not contributing to social security both on his personal social security benefit and his spousal/survivor benefits and build a the proper filling strategy to maximize lifetime benefits.

 o  Pension:  

Capita will build a pension analysis to help Robert decide on either the monthly or lump sum option. We will provide both the pros and cons as this decision is completely based on the individuals financial needs and circumstances. We will then help him with the entire paperwork process.

o  Medicare:

Through Capita's network, we will assist with his transition to Medicare 90 days before he retires.

403(b):

Capita will create an individualized investment portfolio to help Robert understand all of his 403(b) options.

o  Income:

Capita will build a plan for Robert's income and spending needs. The goal is to make sure that Robert does not outlive his money or run out of funds. This plan will be based on his general retirement income including proper asset allocation, Social Security benefits, pension, and 403(b).

o Taxes:

Capita will ensure that Robert is maximizing his current tax bracket. As he continues to work, we will encourage optimization of all company sponsored plans such as 401(k), 403(b), and HSA. In addition, Capita will review Roth conversion and charitable giving strategies to identify tax mitigation opportunities.

o One-Stop Shop:

Here at Capita, Robert has a team that will help him before, during, and throughout retirement. We commit to be here for him every step of the way.

The Conclusion

Capita will ensure that Robert's transition into retirement is simple and attainable. Our advisors will help Robert every step of the way by creating a personalized retirement roadmap.
Case studies are for illustrative purposes only and there is no assurance that the adviser will make any recommendations with the same or similar characteristics as any recommendations presented. The recommendations are presented for discussion purposes only and are not a reliable indicator of the performance or investment profile of any composite or client account. Further, the reader should not assume that any investment recommendations or that investment decisions we make in the future will be profitable.
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