As a fiduciary financial advisor in North Myrtle Beach, Holland Capital helps retirees in their late 70s and 80s simplify their accounts and prepare a trusted adult child to help with the finances if that help is ever needed. We work with clients in North Myrtle Beach by video and phone, and meet in person by appointment at the Regus center on 2nd Avenue South.
You run your own finances. You want them easier to manage.
North Myrtle Beach has about 19,900 residents (Census estimates, 2020 to 2024), and about four in ten are 65 or older.
Over a long life, accounts pile up: a few IRAs, old bank accounts, an annuity, a brokerage account and paper statements arriving each month. Managing all of it can take more time each year.
You are still making the decisions. The goal is a household that is simpler for you now and easier for someone you trust to step into later.
Fewer Accounts, Clearer Records
We list every account you own, what it holds and who is named as beneficiary. Then we look at which ones can be combined and which should stay separate for tax or legal reasons.
Combining accounts is not always the answer. The aim is a short, clear list you can understand at a glance.
Income That Runs on Its Own
Required minimum distributions and other account withdrawals can often be set to arrive on a schedule. Regular bills can be paid automatically from one account.
We set up a monthly income plan, so cash is in the right place without a trip to the bank.
Bringing in a Trusted Helper
Brokerage firms may ask you to name a trusted contact person. The firm can contact that person in certain situations, such as when it cannot reach you or has concerns about the account.
A power of attorney is a legal document that can give another person authority to act for you. Your estate attorney prepares it and can explain how it works in South Carolina. Adding a child as a joint owner can change ownership, taxes and what happens at death, so we review the consequences before anything changes.
When you are ready, we can meet with you and your adult child together, so they know where things are and whom to call.
Investments for This Stage of Life
With investment management, we keep your investments in line with the income you need and the plans you have for your heirs. Our page on estate and wealth transfer planning covers how we work with your attorney.
How We Work with Clients in North Myrtle Beach
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 statements for every account, your Social Security and any pension letters, your latest tax return, and your will, trust and any powers of attorney.
The result is a one-page summary of your accounts, a written income plan and a list of the steps that will make the finances easier to hand off.
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 North Myrtle Beach primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at 1000 2nd Avenue South in North Myrtle Beach.
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 I Add My Child to My Accounts?
Not without a closer look. Joint ownership can change who owns the money, how it is taxed and who receives it at your death. A power of attorney or trusted contact may address a different need without changing ownership of the account.
Why Use a Fiduciary to Simplify Your Finances?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For an older retiree, that means advice that keeps you in charge and puts your interests first.
Our fee is put in writing at the outset.
Can We Meet Close to Home?
Yes. The Regus center on 2nd Avenue South is in town, and a visit to your house is fine too, by appointment.
Short questions are easy to handle by phone.
Photo: Melikamp / Wikimedia Commons / CC BY-SA 3.0, cropped.
