As a fiduciary financial advisor in High Point, Holland Capital helps people who have just retired set up the first year or two of retirement: where the income comes from, what to keep in cash and when to claim Social Security. We work with clients in High Point by video and phone, and meet in person by appointment at the Regus center on Eastchester Drive in High Point.
The paycheck stopped. Now what?
High Point is home to about 116,000 people, and nearly a third of its households receive Social Security.
The first months after retirement bring decisions that did not exist while you were working. The paycheck is gone. Savings in a 401(k), an IRA or a bank account now have to replace it.
These early choices set the pattern for the years that follow. Our guide on what to do once you have just retired lists the first steps.
Where the Income Comes From
Most retirees draw from more than one source: Social Security, a pension, savings and sometimes part-time work. The order you draw from them affects how much tax you pay each year.
Withdrawals from a traditional 401(k) or IRA are generally taxed as ordinary income. Bank and taxable accounts follow different tax rules. The best order depends on your household.
Cash for the First Years
Markets fall at times. A market decline early in retirement can do more harm when you are also taking withdrawals. Our guide on why the first years of retirement carry the most risk explains why.
Holding some spending money in cash can reduce the need to sell investments after a fall.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
When to Claim Social Security
Social Security can generally start as early as 62. Waiting past your full retirement age raises the monthly benefit, up to age 70. Claiming early gives you income sooner.
If you are married, your claiming age can also affect the survivor benefit for your spouse. Our guide on when to claim Social Security walks through the trade-offs.
Our investment management for retirees is set up around the income you draw, not only the account balance.
How We Work with Clients in High Point
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 statements for your retirement and bank accounts, including any 401(k) you left at your last job, your Social Security estimate, any pension details and your last tax return.
We give you a written plan for the first years: how much to draw each month, from which accounts, what to hold in cash and when to claim Social Security.
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.
Holland Capital is based in Charlotte. If you are looking for a fiduciary financial advisor in High Point, we meet by appointment at the Regus center at 1831 Eastchester Drive in High Point, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in High Point.
We work with clients throughout North Carolina. You can see the other North Carolina 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
What Should I Do with My 401(k) After I Retire?
You can generally leave it in the plan, roll it to an IRA or take withdrawals. Each choice has different costs, investment options and tax rules. We compare them before you decide.
Why Use a Fiduciary Financial Advisor in the First Year of Retirement?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For a new retiree, that means advice on income, taxes and Social Security together.
You see our fee in writing before you agree to anything.
Can We Meet in High Point?
Yes. Meetings are by appointment at the Regus office off Eastchester Drive.
Phone and video calls work well between meetings.
Photo: Nyttend / Wikimedia Commons / Public domain, cropped.
