As a fiduciary financial advisor in Roswell, Holland Capital helps couples in their 60s plan withdrawals and Social Security when one spouse has turned 65 and the other has not. We meet by video and phone, and in person by appointment at a Regus office on Mansell Road.
Two ages. Two Georgia limits. One household plan.
In Roswell, about 22% of households receive retirement income and about 25% receive Social Security. About 31% of households earn $200,000 or more.
When spouses are a few years apart in age, the rules apply to each of you separately. Georgia’s retirement income exclusion changes at 65. Medicare eligibility usually begins at 65. Each of you can also have a different Social Security claiming age. Those age differences can change the choices available to each spouse.
It also helps to know, from the start, whether your advisor is a fiduciary and what they are paid.
Two Georgia Exclusion Limits
Georgia lets each qualifying spouse exclude retirement income up to a limit: up to $35,000 a year from 62 through 64, and up to $65,000 from 65. If one of you is 63 and the other is 66, your limits differ.
We decide which spouse’s accounts to draw from, and in what order, with each limit in view. The tax result is one input, not the only one.
Health Coverage for the Younger Spouse
The spouse who has turned 65 can enroll in Medicare. The younger spouse may still need other coverage, such as an employer plan, COBRA or a marketplace policy, until reaching 65. We include that cost in the budget.
Two Social Security Decisions
Each spouse chooses a claiming age. The choice can affect household income now and may also affect the Social Security income available to a surviving spouse later. We compare the combinations with your savings. Our guide to retirement income planning for couples covers how two incomes become one plan.
Keeping the Portfolio in Step
Our investment management keeps each account invested for the role it plays in that withdrawal order.
How We Work with Clients in Roswell
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 both Social Security statements, your retirement and brokerage account statements, any pension paperwork and your most recent return.
We deliver a written plan that shows which accounts each of you draws from, year by year.
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 Roswell primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at 4555 Mansell Road in Alpharetta.
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 Alpharetta at 2845 Old Milton Parkway.
We work with clients throughout Georgia. You can see the other Georgia 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 Is Holland Capital Paid?
We offer financial planning on a fixed-fee basis, subject to the scope of the engagement. Investment management is offered on a fee basis, generally calculated as a percentage of the assets we manage. When providing financial planning and investment advisory services, we act as a fiduciary. Holland Capital Management may also receive commissions when clients buy insurance through the firm. Those commissions create a conflict of interest, which we disclose in our Form ADV.
Why Hire a Fiduciary Financial Advisor When You and Your Spouse Are Different Ages?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For a Roswell couple, that means planning both ages, both benefits and your savings as one household.
If savings move into an account we manage, our fee goes up, and we will say so first.
Where Do We Meet Roswell Clients?
At the Regus office at 4555 Mansell Road in Alpharetta, about 11 minutes away, by appointment.
Phone and video cover most check-ins.
Photo: Roswell native / Wikimedia Commons / CC BY-SA 4.0, cropped.
