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Healthcare Planning

A financial plan would be incomplete without factoring in healthcare needs.

Seven out of ten retirees will need some sort of long-term care assistance, yet few retirees have a long-term care plan. During the three-year span that long-term care is needed on average, a retiree could easily spend between $144,000 to $288,000 on long-term care costs. A married couple could have over a half-million dollars in health care costs to cover.

As an independent insurance professional, Yvonne Marsh can help you navigate the ins and outs of factoring healthcare into your customized financial plan. We consult on health savings accounts and Medicare cost minimization while helping you plan for long-term care funding.

Financial Planning

Certified Financial Planner & CPA in Knoxville, TN

“If you don’t know where you are going, you’ll end up someplace else.”

– Yogi Berra

If you’re interested in meeting our team and learning more about our customized investment strategies and financial planning services, we welcome you to schedule a free consultation.

Income Planning

As you approach or enter retirement, even a sizable 401(k) or other retirement account does not equate to a plan. Marsh Wealth Management can help you develop a strategic retirement plan that will provide you with investment income after you are no longer generating employment income. Said another way, income planning is about making your money work hard for you after you’ve worked hard to earn it.

Using dedicated Social Security maximization software, Marsh Wealth Management can identify your optimal Social Security claiming strategy. We then build a personalized Retirement Income Plan to determine sustainable spending goals over various life expectancies, using your current assets and savings rates and applying inflation factors and estimated investment returns.

Investment Strategy

You’ve spent much of your life saving for retirement. Why take unnecessary financial risks now? The experts at Marsh Wealth Management will guide you through the development of a retirement plan that will bring you peace of mind. We help you weigh risks and determine what’s right for you and your family.

Your plan will include an investment bucket strategy that categorizes your assets for Now, Soon, and Later while honoring your risk preferences. This process involves carefully timed and planned transitions within each phase of the money cycle:  Accumulation, Preservation, and Distribution, all with an eye toward minimizing your tax burden and ensuring you are prepared to weather market volatility.

Tax Optimization

The skilled CPA-fiduciary team at Marsh Wealth Management is well versed in Roth IRA strategies (including back-door Roth conversions that aren’t subject to income limitations), tax-efficient order of withdrawals, RMD and QCD rules, legacy tax planning, and more. We can give you tax advice in conjunction with proactive tax planning, a combination that few investment advisors can provide. We will assess the tax-efficiency of your current strategy and outline the most tax-efficient order of asset withdrawal during retirement.

Your Personalized Tax Plan from Marsh Wealth Management will help you approach and organize your assets proactively so you can keep more of what you’ve earned. Expiring tax cuts, a stressed Social Security system, and a ballooning national debt are likely to push tax rates higher, eating into your savings and using up your money faster than you expected. The CPAs at Marsh can advise you on the most tax-efficient order of withdrawals to minimize your tax burden.

Some of our tax-smart strategies are simple; some are more complex. But all share the goal of minimizing your taxes. Because you shouldn’t pay any more in taxes than you have to.

Legacy & Estate Planning

At Marsh Wealth Management, we listen to your legacy goals, review beneficiary designations, and make recommendations from a tax and probate perspective. We will work with you to disarm potential landmines that your heirs could face in the future.

Our fiduciary-CPA team collaborates with well-established estate planning attorneys to ensure your assets are titled properly to avoid probate and ensure your legacy will be tax-efficiently distributed to your loved ones. With your permission, we can communicate directly with your attorney, making sure that your wills, financial powers of attorney, and medical powers of attorney are safely in place.

The CFP Advantage

Yvonne Marsh is also a CFP® professional (Certified Financial Planner). While just about anyone can use the title “financial planner,” only a select few are certified by the CFP Board. CFP® professionals have met rigorous qualifications for financial planning and years of experience delivering financial planning services to clients. CFP® professionals also commit to high ethical standards and are held accountable by the Certified Financial Planner Board of Standards, Inc.

The CPA Advantage

In the accumulation stage of your wealth plan, taxes are usually simpler. Max out your pre-tax and ROTH contributions, and itemize to ensure you’re taking advantage of mortgage interest and charitable contributions. But as you near the preservation and distribution stages, tax issues become more complex, and a slight misstep can be very costly. As CPAs and fiduciaries, Mike Marsh and Yvonne Marsh counsel clients not just on the what and how of tax strategies but on the when.

The Fiduciary Advantage

Fiduciaries are independent financial advisors who are required to put their clients’ interests above all others. While this may seem obvious, consider that many financial advisors are not fiduciaries. It is commonplace for advisors to profit (through “revenue sharing”) by investing their clients’ money with specific funds, whether they are the best funds for the client or not. As fiduciaries, we are held to a higher standard of transparency and care, accounting for each client’s goals, risk tolerance, and circumstances.

Why Marsh?

According to a 2019 Fidelity survey, people with a financial plan ranked their retirement confidence level as a 9 out of 10, while those without a financial plan only ranked their confidence level as a 5 out of 10. How about you? Would you like your financial confidence level to be a 9? Working with the trusted financial advisors at Marsh Wealth Management can get you there.

We find that our financial planning strategies work well for people who have saved at least $500,000 in investable assets. We offer an in-depth financial planning process that yields a fully customized plan to help you reach your personal financial goals — whether that’s saving for college, purchasing a vacation home, or taking an early retirement. Our integrated financial plans cover the following five key financial areas. Keep reading to learn more about each area of financial planning. Or select from the list below.

Retirement Confidence Level

90% confident with a financial plan
50% confident without a financial plan
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