As a fiduciary financial advisor in Matthews, Holland Capital helps you plan the move into retirement, from selling a larger home to deciding what to do with a 401(k) built over a long career. We work with clients in Matthews by video and phone, and meet in person by appointment at our office in Ballantyne, about 17 minutes away.
The house that fit your family may not fit the next twenty years.
In your late 50s or 60s, retirement and a move can arrive at the same time. You may want a smaller home, a single-level house or a community for people age 55 and over. You may want less upkeep, to live closer to family or simply to make a change.
At the same time, a long career may be ending. You may have a 401(k) that has grown for decades and a decision to make about what happens to it next.
The house and the 401(k) are separate decisions. Together, they can reshape your retirement plan.
Moving to a Smaller Home
Selling a home you have owned for years can free up a large amount of money. Federal law lets you exclude up to $250,000 of gain on a main home, or $500,000 for a married couple filing jointly, if you meet the ownership and use tests. North Carolina follows the federal treatment.
The next question is what the money should do. It might pay for the next home in full, add to savings or cover spending in the early years of retirement.
We also look at the ongoing costs of the new home. That includes taxes, insurance, community fees and upkeep. A smaller house does not always cost less each month.
The 401(k) from a Long Career
When you retire, the 401(k) can stay in the plan, roll to an IRA or be used for income directly.
If it holds your employer’s stock, a tax rule called net unrealized appreciation may lower the tax on those shares. It has to be considered before the rollover.
Leaving the money in the plan, rolling it over or drawing income from it each has different costs and features, which our 401(k) rollover guide compares.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Turning Savings into a Paycheck
Once the paycheck stops, income has to come from somewhere. It may come from Social Security, a pension, savings or the proceeds from the house.
We decide which source pays for what and in what order. Claiming Social Security later raises the monthly benefit for life. Savings or home sale proceeds can cover the years in between.
Our guide on retirement income planning explains how the pieces fit together.
Your savings are managed under a written investment policy statement. It starts with the withdrawals you expect to take and sets how the portfolio is invested to support them.
At Holland Capital, investment management for a new retiree means investing for the income ahead, not only for growth.
How We Work with Clients in Matthews
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.
It helps to have your 401(k) and other statements, your Social Security estimate and a rough idea of what the next home might cost.
We will show you how the move and the retirement fit together, and which decision comes first.
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, and our office in Ballantyne is about 17 minutes from Matthews. If you are looking for a fiduciary financial advisor in Matthews, we meet by appointment at 15720 Brixham Hill Avenue, Suite 300, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in Matthews.
Map and directions: Holland Capital Management, 15720 Brixham Hill Avenue, Charlotte.
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
How Does a Fiduciary Financial Advisor Help When I Retire?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. We look at the house, the 401(k), Social Security and your other savings as parts of one retirement plan.
We would be paid more if your 401(k) became an IRA we manage. So we compare the costs and features of the existing plan with ours before you choose.
Will I Owe Tax When I Sell My Home?
Often not, or not much. If you owned and lived in the home for at least two of the last five years, up to $250,000 of gain is excluded, or $500,000 for a married couple filing jointly. Gain above that is taxed.
We work the home sale into your plan before the house is listed.
How Far Is Your Office from Matthews?
About 17 minutes. We are at 15720 Brixham Hill Avenue in Ballantyne and meet there by appointment.
Between meetings, most shorter questions can be handled by phone or video.
Photo: Jon Platek / Wikimedia Commons / CC BY-SA 3.0, cropped.
