Your Challenge
After years of diligent saving, a couple entering retirement may seek guidance on mitigating tax liabilities, maximizing income, and supporting the causes they care about.
The Voyager Approach
- We would begin by providing a comprehensive understanding of tax-efficient income planning strategies to help them optimize their retirement income while mitigating their tax burden. Additionally, we would work with them to develop a strategic approach to charitable giving—allowing them to support their preferred philanthropic initiatives while also funding their grandchildren’s 529 plans.
- Our goal would be to create a financial plan that aligns with their values and long-term vision, ensuring they can enjoy a fulfilling and confident retirement.
This case study is for illustrative purposes only. Individual cases will vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Investing involves risk and you may incur a profit or loss regardless of strategy settled, including diversification and asset allocation. 529 Plans come with fees and expenses, and there is a risk they may lose money or underperform. Most states offer their own 529 programs, which may provide benefits exclusively for their residents. Please consider whether the state plan offers any tax or other benefits. Tax implications can vary significantly from state to state.
