As a fiduciary financial advisor in Woodbridge, Holland Capital helps military retirees nearing the end of a civilian second career decide when that second paycheck can stop and retired pay, savings and Social Security can carry the household. Woodbridge clients talk with us by phone or video, and we can schedule an in-person meeting at the Regus center in Stafford.
Retired pay arrives each month. A civilian job covers the rest. When can it stop?
Woodbridge has about 44,700 residents, and about 9.5% are 65 or older. Woodbridge’s median household income is about $105,000, and the median home value is near $422,000. Quantico and Fort Belvoir are both close by.
A civilian paycheck that began as extra money can become part of the household budget. A fixed-fee written plan shows which year the household can live on retired pay, savings and Social Security. You pay for that answer, and your accounts can stay where they are. Ask anyone advising you if they are bound as a fiduciary and what they are paid.
What Retired Pay Covers Today
We compare your retired pay after deductions with your current spending. The gap is what savings must cover once work stops. Our guide to military retirement financial planning covers more.
Virginia Tax on Military Retired Pay
Starting in 2025, Virginia lets you subtract eligible military benefits that are in your federal income, up to $40,000, and there is no age requirement. Eligible military benefits above the subtraction can remain taxable by Virginia, and civilian wages generally remain taxable. Social Security is subtracted. We build state tax into each year.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Accounts from Two Careers
You may have a TSP from military service and a civilian workplace plan. We compare which accounts should provide income first and whether combining any of them makes sense. Our guide to TSP rollover options explains one choice to consider.
Investing After the Last Paycheck
Our investment management is one later option, with your plan turned into a written investment policy statement first.
How We Work with Clients in Woodbridge
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 retiree account statement, your TSP and civilian retirement plan statements, a Social Security estimate and a recent civilian pay stub.
Your written plan names the year the second paycheck can stop. Its fee is fixed and agreed before any work starts. It is yours to use alone, with an advisor you already have, or with us carrying out each step.
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 Woodbridge primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at Quantico Corporate Center, 800 Corporate Drive, in Stafford.
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
When Can I Stop Working My Civilian Job?
When retired pay, savings and later Social Security can cover your spending at a pace your savings can sustain. We test several stop dates and show what each means for your budget.
Why Work with a Fiduciary Financial Advisor on This Decision?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. If you are a military retiree, we may suggest working a few more years, or stopping sooner, based on what your plan shows.
The plan costs a fixed fee you accept before we begin. Hiring us later to manage investments means a separate fee, which we walk through before you choose.
Is There a Place to Meet Near Woodbridge?
The nearest option is the Regus center in Quantico Corporate Center, 800 Corporate Drive, Stafford, a short drive south on I-95. Meetings there are set by appointment, and calls and video cover the rest.
Photo: Judy Gallagher / Wikimedia Commons / CC BY 2.0, cropped.
