As a fiduciary financial advisor in Mauldin, Holland Capital helps couples in their late 50s whose children are now on their own decide how to put the money that once went to tuition and family costs to work for retirement. Most planning happens by phone or video, and in-person meetings take place by appointment at a Regus office about seven minutes away in Greenville.
The tuition bills have stopped. Now there is room in the budget.
Mauldin counts about 27,100 residents in Census estimates for 2020 to 2024, and nearly one in five is 65 or older.
For years, a large share of your income went to raising children and paying for school. Now that money is free again, and retirement may be less than ten years away.
The question is what to do with it. A plan answers that before the extra cash disappears into everyday spending.
Find the Money First
We compare what you spent in a recent year with what you spend now. The difference shows how much is truly available each month.
Before adding to retirement savings, we check your cash reserve and any debt. Those come into the decision too.
Where the Freed-Up Cash Can Go
Raising your 401(k) contribution is one option. Starting at age 50, IRS rules allow additional catch-up contributions to many workplace plans and IRAs.
Paying down a mortgage and building cash are other options. Our guide on how to maximize your 401(k) covers the workplace plan side.
Testing a Retirement Date
With the higher savings rate in the plan, we can test different retirement ages. We also look at when to start Social Security and how health coverage works before Medicare eligibility at 65.
You see what each age would mean for your monthly income.
Investing for the Last Stretch
Money you will start using within a decade may call for a different mix than money you will not touch for 25 years.
With investment management, Holland Capital sets that mix and adjusts it as retirement gets closer.
How We Work with Clients in Mauldin
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 recent pay stubs, your 401(k) and IRA statements, your Social Security statements, a rough list of monthly spending and last year’s tax return.
You leave with a monthly saving plan and a retirement age you can test against your own numbers.
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 Mauldin primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at a Regus center at 128 Millport Circle in Greenville, roughly seven minutes from Mauldin.
For clients whose investments we manage, accounts are held directly at Charles Schwab in the client’s own name. Holland Capital manages the investments but does not take custody of client assets. If a client ever needs in-person assistance from Schwab, the closest branch is in Greenville at 12 East Washington Street.
We work with clients throughout South Carolina. You can see the other South 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
Should We Pay Off the Mortgage Instead?
It depends on the interest rate, your cash reserve and your tax picture. We compare both choices with your numbers before you decide.
What Does a Fiduciary Add at This Stage?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. In the years just before retirement, that means advice built around your timeline rather than a product.
Our fee is written down and agreed on before we begin.
Is There a Meeting Spot Close to Mauldin?
Yes. The Regus center on Millport Circle in Greenville is about seven minutes from Mauldin City Hall. Between visits, we talk by phone or video.
Photo: MiamiMogul / Wikimedia Commons / CC0, cropped.
