Common Questions

Our advisor is a friend and has done a great job for us. Why should we move to Marsh?


Your advisor has likely focused on the accumulation phase of the Money Cycle and did a great job for you. But as you enter a new phase, you need a more comprehensive wealth management plan that goes beyond wealth accumulation. Led by CPAs and a Certified Financial Planner, the Marsh team is better equipped (and more up to speed on the latest tax legislation) to advise you through the preservation and distribution phases.




Isn’t it a pain to move our accounts?


We make the transition easy and painless. We’ll even develop a plan to proactively minimize any tax events that could occur. If you need help with what to say to your current advisor, we can assist with that, too. And we’re happy to calculate how much that 10 minutes of awkwardness could save you.




How can Marsh compete with the resources of bigger firms?


Our fees are lower in part because we don’t have to pay the overhead that the big firms do. We have access to the same data. The key difference is that we can reference their forecasts without having to fund them. This means our clients aren’t funding them either. As a smaller firm, we are also better able to develop more personal, customized plans to meet your specific needs.




How secure is my money with Marsh?


100%. Your money is always your money, not ours. We don’t hold your assets; we just advise you on how to best leverage them. We use TD Ameritrade as an independent custodian. Your monthly statement will come directly from them, and you will have online access to your personal portal, where you can monitor your account and its holdings 24/7.




What if something happens to you?


Since TD Ameritrade will be the custodian of your assets, that’s where they would be. Our practice would be picked up by another fiduciary, who would have complete access to the plans and strategies we have created for you. You could decide to remain with them or go someplace else. In that regard, it’s really no different from your current advisor setup.




Do I have to move all of my assets to Marsh, or could I just move some?


From a strategic standpoint, it’s in your best interest to have all of your assets with us so we can best manage tax strategies across your portfolio. But we understand that you may have extenuating circumstances. We’re happy to discuss those with you to find a solution that meets your needs.





retired couple spending time together

Preparing for What’s Next

Whether you are approaching retirement or already enjoying it, you may have some of the same questions:  Have you saved enough? Are you paying more in taxes than you need to? What (and when) is the best option for Medicare? When should you start taking Social Security benefits? What is RMD, and how much flexibility do you have with it?

Plan for Confidence

Marsh Wealth Management’s team of expert advisors offers financial planning services that give you the confidence to make informed decisions about your retirement. Effective retirement planning isn’t just about When and Where. It’s also about What, How, and Why. Your comprehensive Marsh financial plan will cover four key areas:

  1. Income

  2. Investments

  3. Healthcare

  4. Legacy & Estate

 

​Financial plan development costs start at $1,495 and depend on complexity.

As we began to approach retirement, we had no idea whether we were prepared. Our funds were scattered, and we had great anxiety as we looked ahead. Yvonne, Mike, and their team calmly and methodically worked with us to put together a plan for both the short- and long-term. Yvonne listened to us every step of the way and addressed our needs. We can now retire with confidence! Thank you, Marsh.  

– Andy W. and Karen N.

The testimonial above was provided by a non-compensated current client who has no conflicts of interest.

In a 2019 Fidelity survey, people with a financial plan ranked their retirement confidence as a 9 out of 10, while those without a financial plan only ranked their confidence as a 5 out of 10. We know you’re “ready” to retire, but are you really ready to retire?

couple enjoying retirement with granddaughter

Enjoy your retirement with confidence.

You’ve been saving for a long time. Now you may be wondering how and when to leverage the money you’ve saved and how long it might last you. You may have questions about the timing and tax implications of retirement account withdrawals. We can help you make informed decisions so you have the freedom to enjoy your retirement years.

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 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?

I never felt connected with my previous financial advisor. It just didn't seem that they had a good understanding of me, my goals, or my risk tolerance for achieving those goals. I was "just another client." With Marsh, their entire approach has centered around a detailed questionnaire identifying my goals and risk tolerance. They have guided me ever since — ALWAYS adhering to sound financial principles. They have never been shy about challenging me when my thinking has been a little "skewed," but they are also willing to listen to my thoughts/concerns. All in all, we have made a very good team!  

– Ron A.

The testimonial above was provided by a non-compensated current client who has no conflicts of interest.

The Money Cycle

Why a Preservation  Strategy is Important
Investments

Your plan will include an Investment Bucket Strategy that categorizes your assets for Now, Soon, and Later while honoring your risk preferences. We will assess the tax-efficiency of your current strategy and outline the most tax-efficient order of asset withdrawal during retirement. We can also assist with Roth conversion strategies and RMD strategies. 

Income

Your personalized MWM Retirement Income Plan will take into account your optimal Social Security claiming strategy, your current assets and savings rates, inflation factors, investment returns, and tax implications. Your plan will also outline sustainable spending goals over various life expectancies, to ensure you are prepared for whatever happens.

Healthcare

A financial plan would be incomplete without factoring in healthcare needs. We consult on health savings accounts and Medicare cost minimization while helping you plan for long-term care funding.

Legacy & Estate

We listen to your legacy goals, review beneficiary designations, and make recommendations from a tax and probate perspective. We can also connect you to an estate attorney if legal documents need to be updated.

Schedule a no-obligation consultation (in person, by phone, or over Zoom). Contact us now.

​Do you have a burning question about retirement planning? Send it to us, and we’ll answer it for free.

How can we help you?

As a newly retired person, I was clueless how to manage my finances. Yvonne put together an individual plan for me that makes me feel secure. I now feel that I’ll be okay over the years.  

Lois G.

The testimonial above was provided by a non-compensated current client who has no conflicts of interest.

to help you plan for your retirement with confidence

Accumulation bucket for retirement planning

Accumulation

In your earning years, financial planning focuses on accumulation. Marsh 401k+ and back-door Roth allocation strategies ensure you are maximizing pre-tax savings tools. Other investment strategies can help you save for retirement, college, or other big-ticket items.

Preservation bucket for retirement planning

Preservation

The most overlooked phase of the money cycle, preservation focuses on managing the wealth you’ve accumulated with a strategy that accounts for your needs Now, Soon, and Later. This ensures you can live comfortably, without fear that you will outlive your money.

Distribution bucket for retirement planning

Distribution

Knowing when, which, and how much of your assets to leverage throughout your retirement can significantly impact your tax burden and your legacy. The CPA/fiduciary team at Marsh Wealth Management will map tax-smart strategies to ensure you stay in control of your money.

504 Ebenezer Road
Knoxville, TN 37923

Phone: 865-622-2162
Toll Free: 877-884-2162
Fax: 865-622-2167

admin@marshpros.com

Financial Planning and Advisory Services are offered through Marsh Wealth Management (“MWM”) a TN registered investment adviser with its principal place of business in the State of TN. MWM and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which MWM maintains clients. MWM may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. This website is limited to the dissemination of general information pertaining to MWM’s investment advisory/management services. Yvonne Marsh is an Investment Advisor Representatives of MWM. For information pertaining to the registration status of MWM please contact the firm or refer to the Investment Adviser Public Disclosure website. For additional information about MWM, including fees and services, send for our disclosure statement as set forth on Form ADV from MWM using the contact information herein. Please read the disclosure statement carefully before you invest or send money. MWM does not provide legal or tax advice.

© 2021 Marsh Wealth Management LLC