As a fiduciary financial advisor in Smith Mountain Lake, Holland Capital helps retired couples build their portfolio around what it costs to keep the lake house for the long run. We serve Smith Mountain Lake clients by video and phone.
Retired and living at the lake. A house with its own set of bills. A portfolio that has to cover them.
The Moneta ZIP code on the lake (24121) has about 10,300 residents and a median age of about 57. Median household income there is near $81,000, and homes have a median value near $392,000. In Bedford, Franklin and Pittsylvania, the three counties that share the lake, roughly 26% to 28% of residents are 65 or older.
A lake house carries costs that an ordinary budget may miss. Taxes and insurance recur every year, and docks, shoreline and roofs may bring larger costs from time to time. A fixed-fee written plan puts a number on keeping the house and builds the investments around it. Before hiring anyone, ask if they act as a fiduciary and how they are compensated.
Put a Number on Keeping the House
We add steady costs like property taxes, insurance and upkeep to larger items that come every several years, such as a roof or dock repairs. Spread out, they give a yearly cost of ownership. Our guide to retirement income planning for couples shows how that figure joins your spending plan.
Shape the Portfolio Around That Cost
We decide how much near-term repair money belongs in cash or short-term investments. Money for later years can stay invested for growth. The plan is written into an investment policy statement, and the portfolio is managed to it.
Once the plan is done, our investment management is an option, not a requirement.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Keeping the Picture Current
We update the house costs at each review, since premiums, assessments and repair prices can change. Our guide to portfolio rebalancing explains how the mix stays on target while money comes out.
The plan does not decide whether you keep the house. It shows what keeping it asks of the portfolio, so you can decide with the facts in view.
How We Work with Clients in Smith Mountain Lake
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 your property tax bill, property insurance information, recent repair invoices, every investment and retirement statement and your Social Security amounts.
You receive a written plan built around the house, at a fixed fee agreed up front. Follow it yourselves, share it with your current advisor or ask us to help, and your accounts do not have to move.
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 Smith Mountain Lake by video and phone.
We work with clients throughout Virginia. You can see the other Virginia 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 Much Should We Set Aside Each Year for the Lake House?
It depends on the age and condition of the house, dock and shoreline, plus taxes and insurance. We estimate from your own bills and repair history.
Why Plan the Lake House with a Fiduciary Financial Advisor?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For lake-house owners, our advice on the property serves your goals, even when it changes what we manage.
We quote the plan’s fixed fee before any work starts. Portfolio management afterward has its own fee, which you learn before choosing.
How Do Smith Mountain Lake Clients Work with Us?
Entirely by video and phone. Statements and bills come through a secure link, and meetings follow your calendar.
Photo: Virginia State Parks staff / Wikimedia Commons / CC BY 2.0, cropped.
