For many investors, the two most important financial goals are to fund a long and successful retirement and to transfer their wealth. With thoughtful planning and strategic management of their portfolios, investors can successfully balance their retirement and wealth-transfer goals.

That process entails a comprehensive evaluation of one’s assets, as well as a determination of how much can realistically be gifted. Assets should be characterized as tax-free, tax-deferred and taxable, as such distinctions will directly impact how much can be left to your loved ones. A Roth IRA, for example, does not provide an upfront tax deduction, but withdrawals or payouts from a traditional IRA are taxable on the back end.

It’s imperative that investors gauge the longevity of their portfolios, noting in particular the decumulation period, during which income is no longer being earned and retirement assets are being tapped. Three primary factors - inflation, health care and taxes - dictate longevity, and there are strategies for minimizing the liability associated with each.

Market volatility affects asset management in retirement just as it does during the accumulation period. However, trusted advisors can help investors regularly assess their exposure and mitigate risks within a given portfolio, ensuring a smooth transition from the working world and a sound wealth transfer outline.

Resources to Fund Your Retirement and Wealth-Transfer Goals

Interested in learning more? Read our Retirement and Wealth-Transfer whitepaper.

This information is not intended to provide or should not be relied upon for legal, tax, accounting, or investment advice. It does not take into consideration your individual circumstances. We recommend that you consult your attorney, tax advisor, accountant, investment advisor or other professional about your particular situation.