As a fiduciary financial advisor in Sunset Beach, Holland Capital helps couples around 60 who have moved to the coast from another state bring a pension, old workplace plans and Social Security together into one written retirement plan. We work with clients in Sunset Beach by video and phone, and meet in person by appointment at a Regus meeting room just across the state line in North Myrtle Beach.
You made the move. Now the pieces need to fit.
More than 70% of Sunset Beach residents were born in another state, and the town’s median age is 69.
If you moved here in the last few years, your finances may still be arranged for the place you left. There may be a pension from one state, a 401(k) or 403(b) from a former employer, an IRA opened years ago and a new set of North Carolina rules.
Each piece may make sense by itself. What is missing is a plan that puts them in order.
How North Carolina Taxes Your Retirement Income
Once you live in North Carolina, the state generally taxes pension income and retirement account withdrawals, with a few exceptions. North Carolina does not tax Social Security benefits.
A state you no longer live in generally cannot tax your pension or retirement account withdrawals just because you earned them there. Income or property you still have in that state can be treated differently.
A plan looks at both your federal and your North Carolina taxes when it decides which account to draw from first.
Old Plans and the Pension
A pension from a former job usually comes with payment choices, including how much continues to a spouse. Those choices are often permanent, so they are worth making with the whole plan in view.
A plan from a past employer may be able to stay where it is or move to an IRA. The choices depend on the plan. Our guide on what a 401(k) rollover is explains the options and what to check first.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
The Years Before Medicare
If you retire before 65, you need health coverage until Medicare begins. Options can include a former employer’s retiree plan, COBRA for a limited time or a plan from the insurance marketplace.
Your income can affect the savings available on a marketplace plan. That links your withdrawal plan to what you pay for health coverage, so we plan the two together. Our guide on early retirement covers the bridge to Medicare.
Social Security timing fits into the same plan. Our guide on when to claim Social Security shows how the claiming age changes the benefit.
At Holland Capital, investment management after a move starts with the paycheck your savings must replace.
How We Work with Clients in Sunset 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 your most recent federal and state tax returns, your pension estimate, a statement for each retirement and investment account, both Social Security estimates, your current health coverage details and a rough monthly budget.
We put every account and income source on one page, then show how the pieces fit into a retirement income plan.
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. If you are looking for a fiduciary financial advisor in Sunset Beach, we meet by appointment at the Regus center at 1000 2nd Avenue South, just across the state line in North Myrtle Beach, South Carolina, about 30 minutes away, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in Sunset Beach.
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
Is It Worth Paying for a Financial Plan After Retirement?
For many decisions, retirement is when a plan matters most. Pension choices, Social Security timing and the order of withdrawals are hard to undo once made.
A written plan shows the cost and effect of each choice before you make it.
Can a Fiduciary Financial Advisor Help with Accounts Left in Another State?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. After a move, that includes advice on accounts that stay where they are, such as a pension or a former employer’s plan.
You see our fee in writing before you agree to anything.
Where Do Sunset Beach Clients Meet with Us?
Our nearest meeting room is just over the state line, about 30 minutes from Sunset Beach, at the Regus center in North Myrtle Beach. Meetings are by appointment, and a visit at your house is fine too.
Follow-up conversations can happen by video or phone.
Photo: hackamac / Wikimedia Commons / CC BY-SA 3.0, cropped.
