As a fiduciary financial advisor in Fredericksburg, Holland Capital helps federal and contractor commuters weighing a lower-paying job closer to home see what the pay cut would change in their savings, benefits and retirement date. Most Fredericksburg planning happens over video and phone, with face-to-face meetings available by appointment at the Regus center in Central Park.
A long drive north each day. A job offer nearer home. Less pay, and a question about what that costs.
Fredericksburg has about 30,400 residents, and the median home value is about $484,000. Interstate 95 links the city to job centers in Northern Virginia and Washington. This page is also for households in Stafford and Spotsylvania.
A closer job can mean a smaller paycheck and different benefits. The trade is time against money, and the money side reaches years ahead. A fixed-fee written plan puts numbers on the change, so you decide with them in hand. Before taking job-change advice, ask whether the person giving it is bound as a fiduciary and how they make money.
What a Smaller Paycheck Touches
A pay cut can shrink monthly saving, and a new job can change the retirement plan, employer match and health benefits. We list each change from the offer.
For a federal employee, leaving federal service can affect the pension, health benefits and how the TSP fits the plan, so we start with your own records. The main pieces are laid out in our FERS retirement planning guide.
Running Both Paths Side by Side
In one version, you keep the commute and the current pay. In the other, you take the closer job. Each shows your savings, your cash cushion and the year work could become optional.
The plan prices the money side only. What the time back is worth is yours to judge.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Accounts You Would Leave Behind
An old 401(k) or TSP account may be able to stay, move or roll into the new plan, depending on each plan’s rules. See our guide to a 401(k) rollover when leaving a job.
Later, you can ask for our investment management as a separate step, run to an investment policy statement built from your plan.
How We Work with Clients in Fredericksburg
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring the new offer letter and its benefits summary, your current pay statement, your TSP or 401(k) statements, any federal retirement estimate and a rough monthly budget.
For a fixed fee agreed before we begin, you get a written comparison of both jobs. Acting on it alone, through an advisor you already use or with us is your call.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Our offices are in Charlotte, North Carolina and Winter Park, Florida. We work with clients in Fredericksburg primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at Central Park Corporate Center, 1320 Central Park Boulevard, Suite 200.
We work with clients throughout Virginia. You can see the other Virginia communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Can We Afford a Lower-Paying Job Closer to Home?
It depends on how much less it pays, the benefits, your savings and your target retirement year. The plan shows what you might adjust, such as saving more or working a little longer.
Why Use a Fiduciary Financial Advisor Before Changing Jobs?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For a commuter, that means we may tell you that keeping your current job fits your plan better, and why.
We charge a set price for the comparison, agreed before any work starts, and managing your investments later would be a separate fee that you see before agreeing to anything.
Where Can Fredericksburg Clients Meet with Us?
Our meetings here are by appointment at Central Park Corporate Center, 1320 Central Park Boulevard, Suite 200, Fredericksburg, where Regus has a center.
Video and phone calls carry most of the work.
Photo: Antony-22 / Wikimedia Commons / CC BY-SA 4.0, cropped.
